| HBCP Stock | | | USD 49.37 0.23 0.46% |
Home Bancorp financial indicator trend analysis is much more than just examining Home Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Home Bancorp is a good investment. Please check the relationship between Home Bancorp Net Income and its Capital Expenditures accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
To learn how to invest in Home Stock, please use our
How to Invest in Home Bancorp guide.
Net Income vs Capital Expenditures
Net Income vs Capital Expenditures Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Home Bancorp Net Income account and
Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Home Bancorp's Net Income and Capital Expenditures is 0.46. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Home Bancorp, assuming nothing else is changed. The correlation between historical values of Home Bancorp's Net Income and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Home Bancorp are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Home Bancorp's Net Income and Capital Expenditures go up and down completely randomly.
Correlation Coefficient | 0.46 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Home Bancorp financial statement analysis. It represents the amount of money remaining after all of Home Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Capital Expenditures
Capital Expenditures are funds used by Home Bancorp to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Home Bancorp operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Home Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Home Bancorp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
To learn how to invest in Home Stock, please use our
How to Invest in Home Bancorp guide.At this time, Home Bancorp's
Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 12/16/2024,
Enterprise Value is likely to grow to about 594.2
M, while
Selling General Administrative is likely to drop slightly above 28.9
M.
Home Bancorp fundamental ratios Correlations
Click cells to compare fundamentals
Home Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Home Bancorp fundamental ratios Accounts
Pair Trading with Home Bancorp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Home Bancorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Home Bancorp will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Home Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Home Bancorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Home Bancorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Home Bancorp to buy it.
The correlation of Home Bancorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Home Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Home Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Home Bancorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Additional Tools for Home Stock Analysis
When running Home Bancorp's price analysis, check to
measure Home Bancorp's 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 Home Bancorp is operating at the current time. Most of Home Bancorp's value examination focuses on studying past and present price action to
predict the probability of Home Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Home Bancorp's price. Additionally, you may evaluate how the addition of Home Bancorp to your portfolios can decrease your overall portfolio volatility.