Home Invest (Belgium) Market Value
| HOMI Stock | EUR 15.84 0.18 1.15% |
| Symbol | Home |
Home Invest '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 Home Invest'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 Home Invest.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Home Invest on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Home Invest Belgium or generate 0.0% return on investment in Home Invest over 30 days. Home Invest is related to or competes with Cofinimmo, Care Property, Aedifica, and Montea CVA. Home Invest Belgium S.A. operates as a real estate investment company in Belgium More
Home Invest 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 Home Invest'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 Home Invest Belgium upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 7.94 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.52 |
Home Invest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Home Invest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Home Invest's standard deviation. In reality, there are many statistical measures that can use Home Invest historical prices to predict the future Home Invest's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | 0.6239 |
Home Invest Belgium Backtested Returns
Home Invest Belgium 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. Home Invest Belgium exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Home Invest's Risk Adjusted Performance of (0.11), standard deviation of 1.57, and Market Risk Adjusted Performance of 0.6339 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Home Invest are expected to decrease at a much lower rate. During the bear market, Home Invest is likely to outperform the market. At this point, Home Invest Belgium has a negative expected return of -0.22%. Please make sure to check out Home Invest's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Home Invest Belgium performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.6 |
Good reverse predictability
Home Invest Belgium has good reverse predictability. Overlapping area represents the amount of predictability between Home Invest time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Home Invest Belgium price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Home Invest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Home Invest Belgium lagged returns against current returns
Autocorrelation, which is Home Invest 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 Home Invest's stock expected returns. We can calculate the autocorrelation of Home Invest returns to help us make a trade decision. For example, suppose you find that Home Invest 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 |
Home Invest 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 Home Invest stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Home Invest stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Home Invest stock over time.
Current vs Lagged Prices |
| Timeline |
Home Invest Lagged Returns
When evaluating Home Invest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Home Invest stock have on its future price. Home Invest 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, Home Invest autocorrelation shows the relationship between Home Invest stock current value and its past values and can show if there is a momentum factor associated with investing in Home Invest Belgium.
Regressed Prices |
| Timeline |
Pair Trading with Home Invest
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 Invest 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 Invest will appreciate offsetting losses from the drop in the long position's value.Moving together with Home Stock
| 0.96 | CPINV | Care Property Invest | PairCorr |
| 0.65 | ABI | Anheuser Busch Inbev | PairCorr |
| 0.79 | GBLB | Groep Brussel Lambert | PairCorr |
Moving against Home Stock
| 0.86 | ARGX | Argen X | PairCorr |
| 0.78 | UCB | UCB SA | PairCorr |
| 0.78 | KEYW | Keyware Technologies | PairCorr |
| 0.6 | AGS | ageas SANV | PairCorr |
The ability to find closely correlated positions to Home Invest 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 Invest 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 Invest - 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 Invest Belgium to buy it.
The correlation of Home Invest 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 Invest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Home Invest Belgium 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 Invest 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 Invest's price analysis, check to measure Home Invest'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 Invest is operating at the current time. Most of Home Invest's value examination focuses on studying past and present price action to predict the probability of Home Invest'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 Invest's price. Additionally, you may evaluate how the addition of Home Invest to your portfolios can decrease your overall portfolio volatility.