Meritage Stock Market Value
| MTH Stock | USD 82.31 3.49 4.43% |
| Symbol | Meritage |
Meritage Price To Book Ratio
Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Meritage. If investors know Meritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Meritage listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.11) | Dividend Share 2.52 | Earnings Share 11.05 | Revenue Per Share | Quarterly Revenue Growth (0.01) |
The market value of Meritage is measured differently than its book value, which is the value of Meritage that is recorded on the company's balance sheet. Investors also form their own opinion of Meritage's value that differs from its market value or its book value, called intrinsic value, which is Meritage's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Meritage's market value can be influenced by many factors that don't directly affect Meritage's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Meritage's value and its price as these two are different measures arrived at by different means. Investors typically determine if Meritage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Meritage's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Meritage 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Meritage's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Meritage.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in Meritage on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding Meritage or generate 0.0% return on investment in Meritage over 30 days. Meritage is related to or competes with TRI Pointe, MI Homes, Beazer Homes, Century Communities, Taylor Morn, LGI Homes, and Hovnanian Enterprises. Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family homes in the United States More
Meritage Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Meritage's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Meritage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.28 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 3.21 |
Meritage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meritage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meritage's standard deviation. In reality, there are many statistical measures that can use Meritage historical prices to predict the future Meritage's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Meritage's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Meritage Backtested Returns
Meritage has Sharpe Ratio of -0.1, which conveys that the firm had a -0.1 % return per unit of risk over the last 3 months. Meritage exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Meritage's Mean Deviation of 1.61, standard deviation of 2.11, and Risk Adjusted Performance of (0.07) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.9, which conveys possible diversification benefits within a given portfolio. Meritage returns are very sensitive to returns on the market. As the market goes up or down, Meritage is expected to follow. At this point, Meritage has a negative expected return of -0.22%. Please make sure to verify Meritage's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Meritage performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.61 |
Very good reverse predictability
Meritage has very good reverse predictability. Overlapping area represents the amount of predictability between Meritage time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Meritage price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Meritage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
Meritage lagged returns against current returns
Autocorrelation, which is Meritage stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Meritage's stock expected returns. We can calculate the autocorrelation of Meritage returns to help us make a trade decision. For example, suppose you find that Meritage has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Meritage regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Meritage stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meritage stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meritage stock over time.
Current vs Lagged Prices |
| Timeline |
Meritage Lagged Returns
When evaluating Meritage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meritage stock have on its future price. Meritage autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Meritage autocorrelation shows the relationship between Meritage stock current value and its past values and can show if there is a momentum factor associated with investing in Meritage.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Meritage offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Meritage's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Meritage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Meritage Stock:Check out Meritage Correlation, Meritage Volatility and Meritage Alpha and Beta module to complement your research on Meritage. For more detail on how to invest in Meritage Stock please use our How to Invest in Meritage guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Meritage technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.