Tri Pointe Homes Stock Market Value
| TPH Stock | USD 42.62 0.65 1.55% |
| Symbol | TRI |
TRI Pointe Homes 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 TRI Pointe. If investors know TRI 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 TRI Pointe 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 0.553 | Earnings Share 4.81 | Revenue Per Share 47.48 | Quarterly Revenue Growth 0.365 | Return On Assets 0.0759 |
The market value of TRI Pointe Homes is measured differently than its book value, which is the value of TRI that is recorded on the company's balance sheet. Investors also form their own opinion of TRI Pointe's value that differs from its market value or its book value, called intrinsic value, which is TRI Pointe'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 TRI Pointe's market value can be influenced by many factors that don't directly affect TRI Pointe'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 TRI Pointe's value and its price as these two are different measures arrived at by different means. Investors typically determine if TRI Pointe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TRI Pointe'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.
TRI Pointe '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 TRI Pointe'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 TRI Pointe.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in TRI Pointe on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding TRI Pointe Homes or generate 0.0% return on investment in TRI Pointe over 720 days. TRI Pointe is related to or competes with MI Homes, Beazer Homes, Century Communities, Meritage, Taylor Morn, LGI Homes, and Hovnanian Enterprises. Tri Pointe Homes, Inc. engages in the design, construction, and sale of single-family attached and detached homes in the... More
TRI Pointe 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 TRI Pointe'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 TRI Pointe Homes upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.81 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.14 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 2.86 |
TRI Pointe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TRI Pointe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TRI Pointe's standard deviation. In reality, there are many statistical measures that can use TRI Pointe historical prices to predict the future TRI Pointe's volatility.| Risk Adjusted Performance | 0.0089 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.01) |
TRI Pointe Homes Backtested Returns
TRI Pointe Homes owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0496, which indicates the firm had a -0.0496% return per unit of volatility over the last 3 months. TRI Pointe Homes exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate TRI Pointe's risk adjusted performance of 0.0089, and Coefficient Of Variation of 25837.47 to confirm the risk estimate we provide. The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, TRI Pointe's returns are expected to increase less than the market. However, during the bear market, the loss of holding TRI Pointe is expected to be smaller as well. At this point, TRI Pointe Homes has a negative expected return of -0.0859%. Please make sure to validate TRI Pointe's semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if TRI Pointe Homes performance from the past will be repeated at future time.
Auto-correlation | 0.60 |
Good predictability
TRI Pointe Homes has good predictability. Overlapping area represents the amount of predictability between TRI Pointe time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd of November 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 TRI Pointe Homes price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current TRI Pointe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 17.69 |
TRI Pointe Homes lagged returns against current returns
Autocorrelation, which is TRI Pointe 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 TRI Pointe's stock expected returns. We can calculate the autocorrelation of TRI Pointe returns to help us make a trade decision. For example, suppose you find that TRI Pointe 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 |
TRI Pointe 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 TRI Pointe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TRI Pointe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TRI Pointe stock over time.
Current vs Lagged Prices |
| Timeline |
TRI Pointe Lagged Returns
When evaluating TRI Pointe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TRI Pointe stock have on its future price. TRI Pointe 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, TRI Pointe autocorrelation shows the relationship between TRI Pointe stock current value and its past values and can show if there is a momentum factor associated with investing in TRI Pointe Homes.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether TRI Pointe Homes offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of TRI Pointe'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 Tri Pointe Homes Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tri Pointe Homes Stock:Check out TRI Pointe Correlation, TRI Pointe Volatility and TRI Pointe Alpha and Beta module to complement your research on TRI Pointe. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
TRI Pointe 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.