Housing Development's market value is the price at which a share of Housing Development trades on a public exchange. It measures the collective expectations of Housing Development Bank investors about its performance. Housing Development is trading at 52.57 as of the 14th of December 2024. This is a 0.17 percent up since the beginning of the trading day. The stock's lowest day price was 52.0. With this module, you can estimate the performance of a buy and hold strategy of Housing Development Bank and determine expected loss or profit from investing in Housing Development over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Housing
Housing Development '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 Housing Development'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 Housing Development.
0.00
11/14/2024
No Change 0.00
0.0
In 31 days
12/14/2024
0.00
If you would invest 0.00 in Housing Development on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Housing Development Bank or generate 0.0% return on investment in Housing Development over 30 days.
Housing Development 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 Housing Development'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 Housing Development Bank 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 Housing Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Housing Development's standard deviation. In reality, there are many statistical measures that can use Housing Development historical prices to predict the future Housing Development's volatility.
Housing Development appears to be very steady, given 3 months investment horizon. Housing Development Bank holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Housing Development Bank, which you can use to evaluate the volatility of the firm. Please utilize Housing Development's Risk Adjusted Performance of 0.0719, downside deviation of 1.64, and Market Risk Adjusted Performance of 0.9779 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Housing Development holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Housing Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding Housing Development is expected to be smaller as well. Please check Housing Development's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Housing Development's current trending patterns will revert.
Auto-correlation
0.51
Modest predictability
Housing Development Bank has modest predictability. Overlapping area represents the amount of predictability between Housing Development time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th of December 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 Housing Development Bank price movement. The serial correlation of 0.51 indicates that about 51.0% of current Housing Development price fluctuation can be explain by its past prices.
Correlation Coefficient
0.51
Spearman Rank Test
-0.05
Residual Average
0.0
Price Variance
0.23
Housing Development Bank lagged returns against current returns
Autocorrelation, which is Housing Development 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 Housing Development's stock expected returns. We can calculate the autocorrelation of Housing Development returns to help us make a trade decision. For example, suppose you find that Housing Development 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
Housing Development 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 Housing Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Housing Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Housing Development stock over time.
Current vs Lagged Prices
Timeline
Housing Development Lagged Returns
When evaluating Housing Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Housing Development stock have on its future price. Housing Development 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, Housing Development autocorrelation shows the relationship between Housing Development stock current value and its past values and can show if there is a momentum factor associated with investing in Housing Development Bank.
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.