Heritage Financial Stock Market Value
| HFWA Stock | USD 24.25 0.22 0.90% |
| Symbol | Heritage |
Heritage Financial Price To Book Ratio
Is Regional Banks 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 Heritage Financial. If investors know Heritage 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 Heritage Financial 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 0.904 | Dividend Share 0.92 | Earnings Share 1.24 | Revenue Per Share | Quarterly Revenue Growth 0.133 |
The market value of Heritage Financial is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Financial's value that differs from its market value or its book value, called intrinsic value, which is Heritage Financial'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 Heritage Financial's market value can be influenced by many factors that don't directly affect Heritage Financial'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 Heritage Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Financial'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.
Heritage Financial '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 Heritage Financial'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 Heritage Financial.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Heritage Financial on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Heritage Financial or generate 0.0% return on investment in Heritage Financial over 30 days. Heritage Financial is related to or competes with Heritage Commerce, Horizon Bancorp, Independent Bank, and Great Southern. Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial se... More
Heritage Financial 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 Heritage Financial'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 Heritage Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 9.15 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 2.72 |
Heritage Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heritage Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heritage Financial's standard deviation. In reality, there are many statistical measures that can use Heritage Financial historical prices to predict the future Heritage Financial's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heritage Financial'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.
Heritage Financial Backtested Returns
Heritage Financial holds Efficiency (Sharpe) Ratio of -0.0376, which attests that the entity had a -0.0376 % return per unit of risk over the last 3 months. Heritage Financial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heritage Financial's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.10), and Standard Deviation of 1.71 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.92, which attests to possible diversification benefits within a given portfolio. Heritage Financial returns are very sensitive to returns on the market. As the market goes up or down, Heritage Financial is expected to follow. At this point, Heritage Financial has a negative expected return of -0.0646%. Please make sure to check out Heritage Financial's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Heritage Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Heritage Financial has very good reverse predictability. Overlapping area represents the amount of predictability between Heritage Financial time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Heritage Financial price movement. The serial correlation of -0.67 indicates that around 67.0% of current Heritage Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Heritage Financial lagged returns against current returns
Autocorrelation, which is Heritage Financial 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 Heritage Financial's stock expected returns. We can calculate the autocorrelation of Heritage Financial returns to help us make a trade decision. For example, suppose you find that Heritage Financial 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 |
Heritage Financial 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 Heritage Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heritage Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heritage Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Heritage Financial Lagged Returns
When evaluating Heritage Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heritage Financial stock have on its future price. Heritage Financial 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, Heritage Financial autocorrelation shows the relationship between Heritage Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Heritage Financial.
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 Heritage Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Heritage Financial'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 Heritage Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Heritage Financial Stock:Check out Heritage Financial Correlation, Heritage Financial Volatility and Heritage Financial Alpha and Beta module to complement your research on Heritage Financial. For information on how to trade Heritage Stock refer to our How to Trade Heritage Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Heritage Financial 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.