Open House's market value is the price at which a share of Open House trades on a public exchange. It measures the collective expectations of Open House Group investors about its performance. Open House is trading at 37.85 as of the 11th of December 2024. This is a No Change since the beginning of the trading day. The stock's lowest day price was 37.85. With this module, you can estimate the performance of a buy and hold strategy of Open House Group and determine expected loss or profit from investing in Open House over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Symbol
Open
Open House '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 Open House's pink sheet 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 Open House.
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11/11/2024
No Change 0.00
0.0
In 31 days
12/11/2024
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If you would invest 0.00 in Open House on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Open House Group or generate 0.0% return on investment in Open House over 30 days.
Open House 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 Open House's pink sheet 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 Open House Group upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Open House's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Open House's standard deviation. In reality, there are many statistical measures that can use Open House historical prices to predict the future Open House's volatility.
At this point, Open House is very steady. Open House Group maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Open House Group, which you can use to evaluate the volatility of the company. Please check Open House's Risk Adjusted Performance of 0.0591, variance of 0.0329, and Coefficient Of Variation of 812.4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0234%. Open House has a performance score of 9 on a scale of 0 to 100. The company holds a Beta of -0.0232, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Open House are expected to decrease at a much lower rate. During the bear market, Open House is likely to outperform the market. Open House Group right now holds a risk of 0.19%. Please check Open House Group coefficient of variation, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to decide if Open House Group will be following its historical price patterns.
Auto-correlation
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No correlation between past and present
Open House Group has no correlation between past and present. Overlapping area represents the amount of predictability between Open House time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Open House Group price movement. The serial correlation of 0.0 indicates that just 0.0% of current Open House price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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Open House Group lagged returns against current returns
Autocorrelation, which is Open House pink sheet'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 Open House's pink sheet expected returns. We can calculate the autocorrelation of Open House returns to help us make a trade decision. For example, suppose you find that Open House has exhibited high autocorrelation historically, and you observe that the pink sheet 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
Open House 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 Open House pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Open House pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Open House pink sheet over time.
Current vs Lagged Prices
Timeline
Open House Lagged Returns
When evaluating Open House's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Open House pink sheet have on its future price. Open House 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, Open House autocorrelation shows the relationship between Open House pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Open House Group.