Homerun Resources Stock Market Value
| HMR Stock | 1.28 0.01 0.79% |
| Symbol | Homerun |
Homerun Resources Price To Book Ratio
Homerun Resources '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 Homerun Resources' 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 Homerun Resources.
| 12/07/2024 |
| 01/06/2025 |
If you would invest 0.00 in Homerun Resources on December 7, 2024 and sell it all today you would earn a total of 0.00 from holding Homerun Resources or generate 0.0% return on investment in Homerun Resources over 30 days. Homerun Resources is related to or competes with Calian Technologies, Brookfield Office, Constellation Software, Canlan Ice, Primaris Retail, Hemisphere Energy, and Guru Organic. Homerun Resources is entity of Canada. It is traded as Stock on V exchange. More
Homerun Resources 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 Homerun Resources' 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 Homerun Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.36 | |||
| Information Ratio | 0.072 | |||
| Maximum Drawdown | 30.45 | |||
| Value At Risk | (6.02) | |||
| Potential Upside | 8.33 |
Homerun Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Homerun Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Homerun Resources' standard deviation. In reality, there are many statistical measures that can use Homerun Resources historical prices to predict the future Homerun Resources' volatility.| Risk Adjusted Performance | 0.0704 | |||
| Jensen Alpha | 0.3557 | |||
| Total Risk Alpha | 0.2913 | |||
| Sortino Ratio | 0.066 | |||
| Treynor Ratio | 0.4376 |
Homerun Resources Backtested Returns
At this stage we consider Homerun Stock to be dangerous. Homerun Resources holds Efficiency (Sharpe) Ratio of 0.0182, which attests that the entity had a 0.0182% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Homerun Resources, which you can use to evaluate the volatility of the firm. Please check out Homerun Resources' Downside Deviation of 5.36, market risk adjusted performance of 0.4476, and Risk Adjusted Performance of 0.0704 to validate if the risk estimate we provide is consistent with the expected return of 0.0869%. Homerun Resources has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Homerun Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Homerun Resources is expected to be smaller as well. Homerun Resources right now retains a risk of 4.78%. Please check out Homerun Resources sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Homerun Resources will be following its current trending patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Homerun Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Homerun Resources time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 Homerun Resources price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Homerun Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Homerun Resources lagged returns against current returns
Autocorrelation, which is Homerun Resources 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 Homerun Resources' stock expected returns. We can calculate the autocorrelation of Homerun Resources returns to help us make a trade decision. For example, suppose you find that Homerun Resources 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 |
Homerun Resources 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 Homerun Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Homerun Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Homerun Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Homerun Resources Lagged Returns
When evaluating Homerun Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Homerun Resources stock have on its future price. Homerun Resources 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, Homerun Resources autocorrelation shows the relationship between Homerun Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Homerun Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Homerun Stock Analysis
When running Homerun Resources' price analysis, check to measure Homerun Resources' 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 Homerun Resources is operating at the current time. Most of Homerun Resources' value examination focuses on studying past and present price action to predict the probability of Homerun Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Homerun Resources' price. Additionally, you may evaluate how the addition of Homerun Resources to your portfolios can decrease your overall portfolio volatility.