Heico Stock Market Value
| HEI-A Stock | USD 214.48 1.09 0.51% |
| Symbol | HEICO |
HEICO Price To Book Ratio
HEICO '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 HEICO'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 HEICO.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in HEICO on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding HEICO or generate 0.0% return on investment in HEICO over 300 days. HEICO is related to or competes with Vertical Aerospace, Embraer SA, Rocket Lab, Transdigm Group, L3Harris Technologies, Huntington Ingalls, and AeroVironment. HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related... More
HEICO 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 HEICO'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 HEICO upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.37 | |||
| Information Ratio | 0.0316 | |||
| Maximum Drawdown | 5.63 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.4 |
HEICO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HEICO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HEICO's standard deviation. In reality, there are many statistical measures that can use HEICO historical prices to predict the future HEICO's volatility.| Risk Adjusted Performance | 0.1003 | |||
| Jensen Alpha | 0.0471 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0315 | |||
| Treynor Ratio | 0.1674 |
HEICO Backtested Returns
At this point, HEICO is very steady. HEICO holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for HEICO, which you can use to evaluate the volatility of the firm. Please check out HEICO's Semi Deviation of 1.17, risk adjusted performance of 0.1003, and Market Risk Adjusted Performance of 0.1774 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. HEICO has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.97, which attests to possible diversification benefits within a given portfolio. HEICO returns are very sensitive to returns on the market. As the market goes up or down, HEICO is expected to follow. HEICO at this time retains a risk of 1.39%. Please check out HEICO downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if HEICO will be following its current trending patterns.
Auto-correlation | 0.76 |
Good predictability
HEICO has good predictability. Overlapping area represents the amount of predictability between HEICO time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 HEICO price movement. The serial correlation of 0.76 indicates that around 76.0% of current HEICO price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 124.43 |
HEICO lagged returns against current returns
Autocorrelation, which is HEICO 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 HEICO's stock expected returns. We can calculate the autocorrelation of HEICO returns to help us make a trade decision. For example, suppose you find that HEICO 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 |
HEICO 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 HEICO stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEICO stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEICO stock over time.
Current vs Lagged Prices |
| Timeline |
HEICO Lagged Returns
When evaluating HEICO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HEICO stock have on its future price. HEICO 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, HEICO autocorrelation shows the relationship between HEICO stock current value and its past values and can show if there is a momentum factor associated with investing in HEICO.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether HEICO offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HEICO's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Heico Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Heico Stock:Check out HEICO Correlation, HEICO Volatility and HEICO Alpha and Beta module to complement your research on HEICO. For information on how to trade HEICO Stock refer to our How to Trade HEICO Stock guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
HEICO 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.