United Homes Group Stock Market Value
| UHGWW Stock | 0.87 0.03 3.57% |
| Symbol | United |
Is Apparel, Accessories & Luxury Goods 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 United Homes. If investors know United 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 United Homes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of United Homes Group is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Homes' value that differs from its market value or its book value, called intrinsic value, which is United Homes' 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 United Homes' market value can be influenced by many factors that don't directly affect United Homes' 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 United Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Homes' 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.
United Homes '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 United Homes' 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 United Homes.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in United Homes on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding United Homes Group or generate 0.0% return on investment in United Homes over 30 days. United Homes is related to or competes with VF, Levi Strauss, Under Armour, and Oxford Industries. United Homes is entity of United States. It is traded as Stock on NASDAQ exchange. More
United Homes 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 United Homes' 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 United Homes Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.04 | |||
| Information Ratio | 0.0131 | |||
| Maximum Drawdown | 37.73 | |||
| Value At Risk | (11.63) | |||
| Potential Upside | 16.25 |
United Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Homes' standard deviation. In reality, there are many statistical measures that can use United Homes historical prices to predict the future United Homes' volatility.| Risk Adjusted Performance | 0.0307 | |||
| Jensen Alpha | 0.0199 | |||
| Total Risk Alpha | (1.09) | |||
| Sortino Ratio | 0.0137 | |||
| Treynor Ratio | 0.1299 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of United Homes' 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.
United Homes Group Backtested Returns
United Homes appears to be out of control, given 3 months investment horizon. United Homes Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0465, which indicates the firm had a 0.0465% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for United Homes Group, which you can use to evaluate the volatility of the company. Please review United Homes' Semi Deviation of 7.41, risk adjusted performance of 0.0307, and Coefficient Of Variation of 3540.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, United Homes holds a performance score of 3. The entity has a beta of 1.76, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, United Homes will likely underperform. Please check United Homes' maximum drawdown, as well as the relationship between the skewness and day typical price , to make a quick decision on whether United Homes' existing price patterns will revert.
Auto-correlation | -0.84 |
Excellent reverse predictability
United Homes Group has excellent reverse predictability. Overlapping area represents the amount of predictability between United Homes time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 United Homes Group price movement. The serial correlation of -0.84 indicates that around 84.0% of current United Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
United Homes Group lagged returns against current returns
Autocorrelation, which is United Homes 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 United Homes' stock expected returns. We can calculate the autocorrelation of United Homes returns to help us make a trade decision. For example, suppose you find that United Homes 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 |
United Homes 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 United Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Homes stock over time.
Current vs Lagged Prices |
| Timeline |
United Homes Lagged Returns
When evaluating United Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Homes stock have on its future price. United Homes 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, United Homes autocorrelation shows the relationship between United Homes stock current value and its past values and can show if there is a momentum factor associated with investing in United Homes Group.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for United Stock Analysis
When running United Homes' price analysis, check to measure United Homes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United Homes is operating at the current time. Most of United Homes' value examination focuses on studying past and present price action to predict the probability of United Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Homes' price. Additionally, you may evaluate how the addition of United Homes to your portfolios can decrease your overall portfolio volatility.