Hovnanian Enterprises Stock Alpha and Beta Analysis
| HOV Stock | USD 196.20 14.46 7.96% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Hovnanian Enterprises. It also helps investors analyze the systematic and unsystematic risks associated with investing in Hovnanian Enterprises over a specified time horizon. Remember, high Hovnanian Enterprises' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Hovnanian Enterprises' market risk premium analysis include:
Beta 1.2 | Alpha (0.52) | Risk 3.23 | Sharpe Ratio (0.04) | Expected Return (0.14) |
Hovnanian Enterprises Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Hovnanian |
Hovnanian Enterprises Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Hovnanian Enterprises market risk premium is the additional return an investor will receive from holding Hovnanian Enterprises long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hovnanian Enterprises. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Hovnanian Enterprises' performance over market.| α | -0.52 | β | 1.20 |
Hovnanian Enterprises expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Hovnanian Enterprises' Buy-and-hold return. Our buy-and-hold chart shows how Hovnanian Enterprises performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Hovnanian Enterprises Market Price Analysis
Market price analysis indicators help investors to evaluate how Hovnanian Enterprises stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hovnanian Enterprises shares will generate the highest return on investment. By understating and applying Hovnanian Enterprises stock market price indicators, traders can identify Hovnanian Enterprises position entry and exit signals to maximize returns.
Hovnanian Enterprises Return and Market Media
The median price of Hovnanian Enterprises for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 193.73 with a coefficient of variation of 9.27. The daily time series for the period is distributed with a sample standard deviation of 18.06, arithmetic mean of 194.94, and mean deviation of 14.93. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Disposition of tradable shares by Ara Hovnanian of Hovnanian Enterprises at 220.0 subject to Rule 16b-3 | 08/30/2024 |
2 | Acquisition by J Sorsby of 14569 shares of Hovnanian Enterprises subject to Rule 16b-3 | 09/06/2024 |
3 | Disposition of 4415 shares by Ara Hovnanian of Hovnanian Enterprises at 220.04 subject to Rule 16b-3 | 09/17/2024 |
4 | Hovnanian Enterprises, Inc. CEO Ara K. Hovnanian Sells 13,552 Shares of Stock | 09/18/2024 |
5 | Disposition of 3202 shares by J Sorsby of Hovnanian Enterprises at 225.1995 subject to Rule 16b-3 | 09/19/2024 |
6 | Acquisition by Robin Sellers of 881 shares of Hovnanian Enterprises subject to Rule 16b-3 | 09/20/2024 |
7 | Disposition of 300 shares by Ara Hovnanian of Hovnanian Enterprises at 201.915 subject to Rule 16b-3 | 09/27/2024 |
8 | Hovnanian Enterprises CEO sells over 178k in company stock | 10/01/2024 |
9 | Director Vincent Pagano Sells 3,000 Shares of Hovnanian Enterprises Inc | 10/03/2024 |
10 | Top Stock Reports for Walmart, Adobe Caterpillar | 10/04/2024 |
11 | The Zacks Analyst Blog Walmart, Adobe, Caterpillar, Hovnanian and Blue Dolphin Energy | 10/07/2024 |
12 | Disposition of 800 shares by Edward Kangas of Hovnanian Enterprises at 189.4631 subject to Rule 16b-3 | 10/14/2024 |
13 | Disposition of 783 shares by Ara Hovnanian of Hovnanian Enterprises at 196.7323 subject to Rule 16b-3 | 10/15/2024 |
14 | Insider Selling Hovnanian Enterprises, Inc. CEO Sells 644 Shares of Stock | 10/17/2024 |
15 | Disposition of 471 shares by Ara Hovnanian of Hovnanian Enterprises at 222.8299 subject to Rule 16b-3 | 10/18/2024 |
16 | The Zacks Analyst Blog Highlights Visa, Netflix, Merck and Hovnanian | 10/22/2024 |
17 | Should We Be Delighted With Hovnanian Enterprises, Inc.s ROE Of 35 | 11/04/2024 |
18 | Hovnanian Enterprises Understanding the Impact of a Strong ROE | 11/06/2024 |
19 | Hovnanian Enterprises Announces Fiscal Year 2024 Earnings Release and Conference Call | 11/21/2024 |
About Hovnanian Enterprises Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Hovnanian or other stocks. Alpha measures the amount that position in Hovnanian Enterprises has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0411 | 0.0247 | 0.0222 | 0.0142 | Price To Sales Ratio | 0.0888 | 0.16 | 0.18 | 0.17 |
Hovnanian Enterprises Upcoming Company Events
As portrayed in its financial statements, the presentation of Hovnanian Enterprises' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Hovnanian Enterprises' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Hovnanian Enterprises' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Hovnanian Enterprises. Please utilize our Beneish M Score to check the likelihood of Hovnanian Enterprises' management manipulating its earnings.
| 27th of February 2024 Upcoming Quarterly Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View |
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Additional Tools for Hovnanian Stock Analysis
When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' 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 Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.