Heritage Commerce Corp Stock Alpha and Beta Analysis
| HTBK Stock | USD 10.66 0.07 0.65% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Heritage Commerce Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Heritage Commerce over a specified time horizon. Remember, high Heritage Commerce's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Heritage Commerce's market risk premium analysis include:
Beta 2.08 | Alpha (0.11) | Risk 2.3 | Sharpe Ratio 0.0503 | Expected Return 0.12 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Heritage Commerce Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Heritage Commerce market risk premium is the additional return an investor will receive from holding Heritage Commerce long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Heritage Commerce. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Heritage Commerce's performance over market.| α | -0.11 | β | 2.08 |
Heritage Commerce expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Heritage Commerce's Buy-and-hold return. Our buy-and-hold chart shows how Heritage Commerce performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Heritage Commerce Market Price Analysis
Market price analysis indicators help investors to evaluate how Heritage Commerce stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heritage Commerce shares will generate the highest return on investment. By understating and applying Heritage Commerce stock market price indicators, traders can identify Heritage Commerce position entry and exit signals to maximize returns.
Heritage Commerce Return and Market Media
The median price of Heritage Commerce for the period between Fri, Aug 30, 2024 and Thu, Nov 28, 2024 is 9.81 with a coefficient of variation of 4.79. The daily time series for the period is distributed with a sample standard deviation of 0.48, arithmetic mean of 9.94, and mean deviation of 0.39. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Lawrence McGovern of 17778 shares of Heritage Commerce subject to Rule 16b-3 | 09/25/2024 |
2 | Insider Trading | 09/26/2024 |
3 | The Manufacturers Life Insurance Company Has 11.80 Million Stake in Heritage Commerce Corp - MarketBeat | 10/04/2024 |
4 | RBB Q3 Earnings and Revenues Beat Estimates | 10/21/2024 |
5 | CVB Financial Tops Q3 Earnings Estimates | 10/23/2024 |
6 | Heritage Commerce Corp Reports Client Deposit Growth of 6 percent in the Third Quarter of 2024 | 10/24/2024 |
7 | Heritage Commerce Corp Reports Q3 2024 Earnings GAAP EPS at 0.17, Net Income Reaches 10.5 Million | 10/25/2024 |
8 | Dimensional Fund Advisors LP Increases Stake in Heritage Commerce Corp | 10/31/2024 |
9 | Are Options Traders Betting on a Big Move in Heritage Commerce Corp Stock | 11/06/2024 |
10 | Acquisition by Sa Thomas A of 37664 shares of Heritage Commerce subject to Rule 16b-3 | 11/18/2024 |
| Heritage Commerce dividend paid on 21st of November 2024 | 11/21/2024 |
About Heritage Commerce Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Heritage or other stocks. Alpha measures the amount that position in Heritage Commerce Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0436 | 0.04 | 0.0524 | 0.055 | Price To Sales Ratio | 4.61 | 4.15 | 3.16 | 4.98 |
Heritage Commerce Upcoming Company Events
As portrayed in its financial statements, the presentation of Heritage Commerce's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Heritage Commerce's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Heritage Commerce's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Heritage Commerce. Please utilize our Beneish M Score to check the likelihood of Heritage Commerce's management manipulating its earnings.
| 25th of April 2024 Upcoming Quarterly Report | View | |
| 25th of July 2024 Next Financial Report | View | |
| 31st of March 2024 Next Fiscal Quarter End | View | |
| 23rd of January 2025 Next Fiscal Year End | View | |
| 31st of December 2023 Last Quarter Report | View | |
| 31st of December 2023 Last Financial Announcement | View |
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Check out Heritage Commerce Backtesting, Heritage Commerce Valuation, Heritage Commerce Correlation, Heritage Commerce Hype Analysis, Heritage Commerce Volatility, Heritage Commerce History and analyze Heritage Commerce Performance. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Heritage Commerce 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.