Market Volatility From Address

Obtain HouseCanary's proprietary market volatility metrics for a local ZIP code, including beta, Sharpe ratio, and Modigliani-Modigliani risk-adjusted return, based on the HouseCanary home price index (HPI).

Source: HouseCanary

Pricing Tier: Basic

Updated: Monthly

Request Query Params

<table><tr><th>Property</th><th>Type</th><th>Description</th><th>Example</th></tr> <tr><td>slug</td><td>string</td><td>Unique readable string identifier for the property</td><td>123-Main-St-Apt-1B-San-Francisco-CA-94132</td> </tr> <tr><td>address</td><td>string</td><td>Either a single URL-safe string ("slug") identifying the address, or just a building number, street name, and optionally unit number (if not a slug the payload must also include other identifiers)</td><td>123 Main St</td> </tr> <tr><td>unit</td><td>string</td><td>Unit number for the property, if needed and not already specified in the address string</td><td>Apt 1B</td> </tr> <tr><td>city</td><td>string</td><td>City in which the property is located</td><td>San Francisco</td> </tr> <tr><td>state</td><td>string</td><td>2-letter acronym of the US state in which the property is located</td><td>CA</td> </tr> <tr><td>zipcode</td><td>string</td><td>5-digit US zipcode in which the property is located</td><td>94105</td> </tr> </table>

Response

<table><tr><th>Field</th><th>Type</th><th>Description</th><th>Example</th></tr> <tr><td>beta</td><td>number</td><td>Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. Beta is calculated by comparing the security's or portfolio's price movement to the movement of the market index. A beta of 1 indicates that the security's price moves with the market. A beta above 1 indicates that the security's price is more volatile than the market, while a beta below 1 indicates that the security's price is less volatile than the market.</td><td>1.2</td> </tr> <tr><td>sharpe_ratio</td><td>number</td><td>Sharpe ratio is a measure for calculating risk-adjusted return. It is the average return earned in excess of the risk-free rate per unit of volatility or total risk. A high Sharpe ratio indicates that the risk-adjusted return is high. A low Sharpe ratio indicates that the risk-adjusted return is low.</td><td>0.75</td> </tr> <tr><td>modigliani_risk_adjusted_return</td><td>number</td><td>Measure of volatility in zip HPI relative to national HPI. Values greater than 1 indicate that zip HPI is more volatile.</td><td>0.85</td> </tr> </table>

[
  {
    "property/zip_volatility": {
      "result": {
        "beta": 1.2,
        "sharpe_ratio": 0.75,
        "modigliani_risk_adjusted_return": 0.85
      }
    },
    "address_info": {
      "address_full": "123 Main St San Francisco CA 94132",
      "slug": "123-Main-St-Apt-1B-San-Francisco-CA-94132",
      "address": "123 Main St",
      "unit": "Apt 1B",
      "city": "San Francisco",
      "state": "CA",
      "zipcode": "94132",
      "zipcode_plus4": "1234",
      "block_id": "060750313013007",
      "blockgroup_id": "060750201004",
      "county_fips": "06075",
      "metrodiv": "41860",
      "msa": "41860",
      "geo_precision": "rooftop",
      "lat": 37.789,
      "lng": -122.401,
      "status": {
        "match": true,
        "details": [
          "Address fully verified"
        ],
        "requested_item": {
          "zipcode": "94132",
          "address": "123+Main+St"
        },
        "changes": [
          "State added or changed"
        ]
      }
    }
  }
]