Heartbeam Stock Market Value
| BEAT Stock | USD 2.80 0.03 1.06% |
| Symbol | Heartbeam |
Heartbeam Price To Book Ratio
Is Health Care Equipment & Supplies space 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 Heartbeam. If investors know Heartbeam 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 Heartbeam listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.68) | Return On Assets (0.70) | Return On Equity (1.14) |
The market value of Heartbeam is measured differently than its book value, which is the value of Heartbeam that is recorded on the company's balance sheet. Investors also form their own opinion of Heartbeam's value that differs from its market value or its book value, called intrinsic value, which is Heartbeam's 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 Heartbeam's market value can be influenced by many factors that don't directly affect Heartbeam's 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 Heartbeam's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heartbeam is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heartbeam's 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.
Heartbeam '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 Heartbeam's 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 Heartbeam.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Heartbeam on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Heartbeam or generate 0.0% return on investment in Heartbeam over 30 days. Heartbeam is related to or competes with Nutex Health, and Mangoceuticals, Common. HeartBeam, Inc., a medical technology company, primarily focuses on telemedicine solutions for the detection and monitor... More
Heartbeam 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 Heartbeam's 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 Heartbeam upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.63 | |||
| Information Ratio | 0.0554 | |||
| Maximum Drawdown | 22.69 | |||
| Value At Risk | (6.23) | |||
| Potential Upside | 10.3 |
Heartbeam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heartbeam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heartbeam's standard deviation. In reality, there are many statistical measures that can use Heartbeam historical prices to predict the future Heartbeam's volatility.| Risk Adjusted Performance | 0.072 | |||
| Jensen Alpha | 0.2378 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0702 | |||
| Treynor Ratio | 0.3262 |
Heartbeam Backtested Returns
Heartbeam appears to be risky, given 3 months investment horizon. Heartbeam holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Heartbeam, which you can use to evaluate the volatility of the firm. Please utilize Heartbeam's market risk adjusted performance of 0.3362, and Risk Adjusted Performance of 0.072 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Heartbeam holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 1.15, which attests to a somewhat significant risk relative to the market. Heartbeam returns are very sensitive to returns on the market. As the market goes up or down, Heartbeam is expected to follow. Please check Heartbeam's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Heartbeam's current trending patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Heartbeam has insignificant reverse predictability. Overlapping area represents the amount of predictability between Heartbeam time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 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 Heartbeam price movement. The serial correlation of -0.17 indicates that over 17.0% of current Heartbeam price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Heartbeam lagged returns against current returns
Autocorrelation, which is Heartbeam 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 Heartbeam's stock expected returns. We can calculate the autocorrelation of Heartbeam returns to help us make a trade decision. For example, suppose you find that Heartbeam 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 |
Heartbeam 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 Heartbeam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heartbeam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heartbeam stock over time.
Current vs Lagged Prices |
| Timeline |
Heartbeam Lagged Returns
When evaluating Heartbeam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heartbeam stock have on its future price. Heartbeam 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, Heartbeam autocorrelation shows the relationship between Heartbeam stock current value and its past values and can show if there is a momentum factor associated with investing in Heartbeam.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Heartbeam Stock Analysis
When running Heartbeam's price analysis, check to measure Heartbeam's 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 Heartbeam is operating at the current time. Most of Heartbeam's value examination focuses on studying past and present price action to predict the probability of Heartbeam's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heartbeam's price. Additionally, you may evaluate how the addition of Heartbeam to your portfolios can decrease your overall portfolio volatility.