Meritage Homes (Germany) Market Value
| MEY Stock | EUR 78.50 1.50 1.95% |
| Symbol | Meritage |
Meritage Homes '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 Meritage Homes' 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 Meritage Homes.
| 12/26/2024 |
| 01/25/2025 |
If you would invest 0.00 in Meritage Homes on December 26, 2024 and sell it all today you would earn a total of 0.00 from holding Meritage Homes or generate 0.0% return on investment in Meritage Homes over 30 days. Meritage Homes is related to or competes with NVR, Sekisui Chemical, Superior Plus, Origin Agritech, Identiv, INTUITIVE SURGICAL, and Intel. Meritage Homes Corporation designs and builds single-family homes in the United States More
Meritage Homes 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 Meritage Homes' 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 Meritage Homes upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (5.06) | |||
| Potential Upside | 2.93 |
Meritage Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meritage Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meritage Homes' standard deviation. In reality, there are many statistical measures that can use Meritage Homes historical prices to predict the future Meritage Homes' volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.28) |
Meritage Homes Backtested Returns
Meritage Homes has Sharpe Ratio of -0.0489, which conveys that the firm had a -0.0489 % return per unit of risk over the last 3 months. Meritage Homes exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Meritage Homes' Risk Adjusted Performance of (0.08), mean deviation of 1.64, and Standard Deviation of 2.18 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.85, which conveys possible diversification benefits within a given portfolio. Meritage Homes returns are very sensitive to returns on the market. As the market goes up or down, Meritage Homes is expected to follow. At this point, Meritage Homes has a negative expected return of -0.1%. Please make sure to verify Meritage Homes' treynor ratio, daily balance of power, price action indicator, as well as the relationship between the skewness and day median price , to decide if Meritage Homes performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Meritage Homes has very good reverse predictability. Overlapping area represents the amount of predictability between Meritage Homes time series from 26th of December 2024 to 10th of January 2025 and 10th of January 2025 to 25th 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 Meritage Homes price movement. The serial correlation of -0.68 indicates that around 68.0% of current Meritage Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 5.51 |
Meritage Homes lagged returns against current returns
Autocorrelation, which is Meritage Homes 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 Meritage Homes' stock expected returns. We can calculate the autocorrelation of Meritage Homes returns to help us make a trade decision. For example, suppose you find that Meritage Homes 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 |
Meritage Homes 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 Meritage Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meritage Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meritage Homes stock over time.
Current vs Lagged Prices |
| Timeline |
Meritage Homes Lagged Returns
When evaluating Meritage Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meritage Homes stock have on its future price. Meritage Homes 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, Meritage Homes autocorrelation shows the relationship between Meritage Homes stock current value and its past values and can show if there is a momentum factor associated with investing in Meritage Homes.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Meritage Stock
Meritage Homes financial ratios help investors to determine whether Meritage Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Meritage with respect to the benefits of owning Meritage Homes security.