He Equipment Services Stock Market Value
| HEES Stock | USD 56.68 1.41 2.55% |
| Symbol | HEES |
HE Equipment Services Price To Book Ratio
Is Trading Companies & Distributors 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 HE Equipment. If investors know HEES 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 HE Equipment 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 (0.37) | Dividend Share 1.1 | Earnings Share 3.94 | Revenue Per Share 41.909 | Quarterly Revenue Growth (0.04) |
The market value of HE Equipment Services is measured differently than its book value, which is the value of HEES that is recorded on the company's balance sheet. Investors also form their own opinion of HE Equipment's value that differs from its market value or its book value, called intrinsic value, which is HE Equipment'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 HE Equipment's market value can be influenced by many factors that don't directly affect HE Equipment'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 HE Equipment's value and its price as these two are different measures arrived at by different means. Investors typically determine if HE Equipment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HE Equipment'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.
HE Equipment '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 HE Equipment'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 HE Equipment.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in HE Equipment on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding HE Equipment Services or generate 0.0% return on investment in HE Equipment over 30 days. HE Equipment is related to or competes with GATX, McGrath RentCorp, Alta Equipment, Ryder System, Custom Truck, PROG Holdings, and Mega Matrix. HE Equipment Services, Inc. operates as an integrated equipment services company More
HE Equipment 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 HE Equipment'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 HE Equipment Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.087 | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 3.36 |
HE Equipment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HE Equipment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HE Equipment's standard deviation. In reality, there are many statistical measures that can use HE Equipment historical prices to predict the future HE Equipment's volatility.| Risk Adjusted Performance | 0.1051 | |||
| Jensen Alpha | 0.0802 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0958 | |||
| Treynor Ratio | 0.1315 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HE Equipment's 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.
HE Equipment Services Backtested Returns
HE Equipment appears to be very steady, given 3 months investment horizon. HE Equipment Services retains Efficiency (Sharpe Ratio) of 0.11, which attests that the entity had a 0.11% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for HE Equipment, which you can use to evaluate the volatility of the firm. Please utilize HE Equipment's Semi Deviation of 2.06, standard deviation of 2.64, and Market Risk Adjusted Performance of 0.1415 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HE Equipment holds a performance score of 8. The company owns a Beta (Systematic Risk) of 2.51, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HE Equipment will likely underperform. Please check HE Equipment's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether HE Equipment's current price history will revert.
Auto-correlation | 0.20 |
Weak predictability
HE Equipment Services has weak predictability. Overlapping area represents the amount of predictability between HE Equipment time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 HE Equipment Services price movement. The serial correlation of 0.2 indicates that over 20.0% of current HE Equipment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 2.31 |
HE Equipment Services lagged returns against current returns
Autocorrelation, which is HE Equipment 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 HE Equipment's stock expected returns. We can calculate the autocorrelation of HE Equipment returns to help us make a trade decision. For example, suppose you find that HE Equipment 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 |
HE Equipment 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 HE Equipment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HE Equipment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HE Equipment stock over time.
Current vs Lagged Prices |
| Timeline |
HE Equipment Lagged Returns
When evaluating HE Equipment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HE Equipment stock have on its future price. HE Equipment 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, HE Equipment autocorrelation shows the relationship between HE Equipment stock current value and its past values and can show if there is a momentum factor associated with investing in HE Equipment Services.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for HEES Stock Analysis
When running HE Equipment's price analysis, check to measure HE Equipment'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 HE Equipment is operating at the current time. Most of HE Equipment's value examination focuses on studying past and present price action to predict the probability of HE Equipment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HE Equipment's price. Additionally, you may evaluate how the addition of HE Equipment to your portfolios can decrease your overall portfolio volatility.