Mi Homes Stock Market Value
| MHO Stock | USD 127.56 4.33 3.51% |
| Symbol | MHO |
MI Homes Price To Book Ratio
Is MI Homes' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MI Homes. If investors know MHO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MI Homes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.313 | Earnings Share 17.35 | Revenue Per Share 146.322 | Quarterly Revenue Growth 0.046 | Return On Assets 0.0964 |
The market value of MI Homes is measured differently than its book value, which is the value of MHO that is recorded on the company's balance sheet. Investors also form their own opinion of MI Homes' value that differs from its market value or its book value, called intrinsic value, which is MI Homes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MI Homes' market value can be influenced by many factors that don't directly affect MI Homes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MI Homes' value and its price as these two are different measures arrived at by different means. Investors typically determine if MI Homes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MI Homes' 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.
MI 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 MI 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 MI Homes.
| 04/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in MI Homes on April 14, 2024 and sell it all today you would earn a total of 0.00 from holding MI Homes or generate 0.0% return on investment in MI Homes over 30 days. MI Homes is related to or competes with TRI Pointe, Beazer Homes, Century Communities, Meritage, Taylor Morn, LGI Homes, and Hovnanian Enterprises. MI Homes, Inc., together with its subsidiaries, operates as a builder of single-family homes in Ohio, Indiana, Illinois,... More
MI 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 MI 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 MI Homes upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.93 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 3.3 |
MI Homes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MI Homes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MI Homes' standard deviation. In reality, there are many statistical measures that can use MI Homes historical prices to predict the future MI Homes' volatility.| Risk Adjusted Performance | 0.0176 | |||
| Jensen Alpha | 0.0176 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1819 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MI Homes' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MI Homes Backtested Returns
We consider MI Homes very steady. MI Homes retains Efficiency (Sharpe Ratio) of 0.0143, which conveys that the firm had a 0.0143% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for MI Homes, which you can use to evaluate the volatility of the firm. Please verify MI Homes' Mean Deviation of 1.78, standard deviation of 2.4, and Market Risk Adjusted Performance of 0.1919 to check out if the risk estimate we provide is consistent with the expected return of 0.0332%. MI Homes has a performance score of 1 on a scale of 0 to 100. The company owns a Beta (Systematic Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MI Homes' returns are expected to increase less than the market. However, during the bear market, the loss of holding MI Homes is expected to be smaller as well. MI Homes today owns a risk of 2.31%. Please verify MI Homes maximum drawdown, and the relationship between the information ratio and expected short fall , to decide if MI Homes will be following its current price history.
Auto-correlation | 0.62 |
Good predictability
MI Homes has good predictability. Overlapping area represents the amount of predictability between MI Homes time series from 14th of April 2024 to 29th of April 2024 and 29th of April 2024 to 14th of May 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 MI Homes price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current MI Homes price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 7.33 |
MI Homes lagged returns against current returns
Autocorrelation, which is MI 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 MI Homes' stock expected returns. We can calculate the autocorrelation of MI Homes returns to help us make a trade decision. For example, suppose you find that MI 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 |
MI 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 MI Homes stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MI Homes stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MI Homes stock over time.
Current vs Lagged Prices |
| Timeline |
MI Homes Lagged Returns
When evaluating MI Homes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MI Homes stock have on its future price. MI 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, MI Homes autocorrelation shows the relationship between MI Homes stock current value and its past values and can show if there is a momentum factor associated with investing in MI Homes.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out MI Homes Correlation, MI Homes Volatility and MI Homes Alpha and Beta module to complement your research on MI Homes. To learn how to invest in MHO Stock, please use our How to Invest in MI Homes guide.Note that the MI Homes information on this page should be used as a complementary analysis to other MI Homes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Complementary Tools for MHO Stock analysis
When running MI Homes' price analysis, check to measure MI Homes' 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 MI Homes is operating at the current time. Most of MI Homes' value examination focuses on studying past and present price action to predict the probability of MI Homes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MI Homes' price. Additionally, you may evaluate how the addition of MI Homes to your portfolios can decrease your overall portfolio volatility.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
MI Homes technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.