AI Powered Profits: A Jaw-Dropping 119.2% Annual Return for HOV with Swing Trader Robot
As artificial intelligence (AI) reshapes the trading landscape, the magnitude of success it can usher in is truly phenomenal. Illustrating this is the recent triumph of our AI Swing Trader: Sector Rotation Strategy (TA&FA), which generated an incredible 119.2% return for Hovnanian Enterprises (HOV) over the past year.
Peeling Back the Layers of the Homebuilding Industry's Market Cap
HOV is a prominent player in the Homebuilding Industry, which has an average market capitalization of $5.25B. Within this sector, market caps span a vast range, from as low as 91.68K to an imposing 41.06B. In this playing field, D.R. Horton (DHI) leads the pack with the highest valuation of 41.06B, while ASCK brings up the rear with a modest valuation of just 91.68K.
Deciphering Price Trends: The Rise and Fall
The Homebuilding Industry experienced an average weekly price growth of 1%, a trend our AI trading strategy successfully navigated to reap impressive profits. The industry also registered an average monthly price growth of 6%, and a quarterly growth of 31%. Amongst this movement, BLWYF achieved the highest price growth at 46%, while PSMMY faced the steepest descent at -11%.
Assessing Volume Growth across the Industry
Even though the average weekly volume growth across all stocks in the Homebuilding Industry saw a dip of -19%, the monthly and quarterly volume growth figures present a more promising picture. The industry experienced a notable monthly volume growth of 68% and a staggering quarterly volume growth of 237%.
The AI Swing Trader: Sector Rotation Strategy (TA&FA) has demonstrated its prowess in the Homebuilding Industry, producing an outstanding 119.2% return for HOV in just one year. By analyzing intricate market capitalization, price, and volume trends, it has showcased the pivotal role AI can play in the development of future trading strategies. This success story, framed in numbers, provides an inspiring preview of the exciting advancements AI promises for the future of trading.
HOV in upward trend: price may jump up because it broke its lower Bollinger Band on September 19, 2023
HOV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 29 cases where HOV's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day moving average for HOV crossed bullishly above the 50-day moving average on September 01, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HOV advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for HOV moved out of overbought territory on September 12, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on HOV as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for HOV turned negative on September 15, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
HOV moved below its 50-day moving average on September 20, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HOV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for HOV entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HOV’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.784) is normal, around the industry mean (5.750). P/E Ratio (4.794) is within average values for comparable stocks, (83.019). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.535). HOV has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (0.252) is also within normal values, averaging (71.797).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a constructor of single-family detached homes, attached town homes and condominiums
Industry Homebuilding
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HOV and
Correlation & Price change
A.I.dvisor indicates that over the last year, HOV has been closely correlated with TMHC. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if HOV jumps, then TMHC could also see price increases.
| Ticker / NAME | Correlation To HOV | 1D Price Change % | ||
|---|---|---|---|---|
| HOV | 100% | -0.53% | ||
| TMHC - HOV | 73% Closely correlated | +0.05% | ||
| TOL - HOV | 73% Closely correlated | -0.14% | ||
| LGIH - HOV | 71% Closely correlated | -0.79% | ||
| MHO - HOV | 70% Closely correlated | -0.53% | ||
| KBH - HOV | 70% Closely correlated | +0.30% | ||
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