My Humble's market value is the price at which a share of My Humble trades on a public exchange. It measures the collective expectations of My Humble House investors about its performance. My Humble is selling for under 47.90 as of the 13th of January 2025; that is 1.38 percent increase since the beginning of the trading day. The stock's lowest day price was 47.1. With this module, you can estimate the performance of a buy and hold strategy of My Humble House and determine expected loss or profit from investing in My Humble over a given investment horizon. Check out My Humble Correlation, My Humble Volatility and My Humble Alpha and Beta module to complement your research on My Humble.
Please note, there is a significant difference between My Humble's value and its price as these two are different measures arrived at by different means. Investors typically determine if My Humble is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, My Humble'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.
My Humble '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 My Humble'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 My Humble.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure My Humble'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 My Humble House 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 My Humble's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as My Humble's standard deviation. In reality, there are many statistical measures that can use My Humble historical prices to predict the future My Humble's volatility.
My Humble House retains Efficiency (Sharpe Ratio) of -0.15, which conveys that the firm had a -0.15% return per unit of price deviation over the last 3 months. My Humble exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify My Humble's Market Risk Adjusted Performance of 0.7579, information ratio of (0.1), and Mean Deviation of 1.27 to check out the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning My Humble are expected to decrease at a much lower rate. During the bear market, My Humble is likely to outperform the market. At this point, My Humble House has a negative expected return of -0.26%. Please make sure to verify My Humble's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if My Humble House performance from the past will be repeated at future time.
Auto-correlation
0.62
Good predictability
My Humble House has good predictability. Overlapping area represents the amount of predictability between My Humble time series from 14th of December 2024 to 29th of December 2024 and 29th of December 2024 to 13th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of My Humble House price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current My Humble price fluctuation can be explain by its past prices.
Correlation Coefficient
0.62
Spearman Rank Test
0.39
Residual Average
0.0
Price Variance
2.09
My Humble House lagged returns against current returns
Autocorrelation, which is My Humble 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 My Humble's stock expected returns. We can calculate the autocorrelation of My Humble returns to help us make a trade decision. For example, suppose you find that My Humble 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
My Humble 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 My Humble stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if My Humble stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in My Humble stock over time.
Current vs Lagged Prices
Timeline
My Humble Lagged Returns
When evaluating My Humble's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of My Humble stock have on its future price. My Humble 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, My Humble autocorrelation shows the relationship between My Humble stock current value and its past values and can show if there is a momentum factor associated with investing in My Humble House.
Regressed Prices
Timeline
Also Currently Popular
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.
When running My Humble's price analysis, check to measure My Humble'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 My Humble is operating at the current time. Most of My Humble's value examination focuses on studying past and present price action to predict the probability of My Humble's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move My Humble's price. Additionally, you may evaluate how the addition of My Humble to your portfolios can decrease your overall portfolio volatility.