Heritage Global Stock Market Value
| HGBL Stock | USD 1.62 0.01 0.62% |
| Symbol | Heritage |
Heritage Global Price To Book Ratio
Is Asset Management & Custody 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 Global. 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 Global 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 (0.41) | Earnings Share 0.27 | Revenue Per Share 1.361 | Quarterly Revenue Growth (0.33) | Return On Assets 0.066 |
The market value of Heritage Global 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Heritage Global'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 Global's market value can be influenced by many factors that don't directly affect Heritage Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Global'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 Global '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 Global'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 Global.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Heritage Global on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Heritage Global or generate 0.0% return on investment in Heritage Global over 30 days. Heritage Global is related to or competes with Scully Royalty, Mercurity Fintech, Donnelley Financial, Oppenheimer Holdings, Nomura Holdings, Piper Sandler, and Houlihan Lokey. Heritage Global, Inc., together with its subsidiaries, operates as an asset services company with focus on financial and... More
Heritage Global 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 Global'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 Global upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 13.1 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 4.22 |
Heritage Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heritage Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heritage Global's standard deviation. In reality, there are many statistical measures that can use Heritage Global historical prices to predict the future Heritage Global's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (1.25) |
Heritage Global Backtested Returns
Heritage Global holds Efficiency (Sharpe) Ratio of -0.061, which attests that the entity had a -0.061% return per unit of risk over the last 3 months. Heritage Global exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heritage Global's Standard Deviation of 2.63, market risk adjusted performance of (1.24), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Heritage Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Heritage Global is expected to be smaller as well. At this point, Heritage Global has a negative expected return of -0.16%. Please make sure to check out Heritage Global's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Heritage Global performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Heritage Global has virtually no predictability. Overlapping area represents the amount of predictability between Heritage Global time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Heritage Global price movement. The serial correlation of 0.01 indicates that just 1.0% of current Heritage Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Heritage Global lagged returns against current returns
Autocorrelation, which is Heritage Global 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 Global's stock expected returns. We can calculate the autocorrelation of Heritage Global returns to help us make a trade decision. For example, suppose you find that Heritage Global 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 Global 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 Global stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heritage Global stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heritage Global stock over time.
Current vs Lagged Prices |
| Timeline |
Heritage Global Lagged Returns
When evaluating Heritage Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heritage Global stock have on its future price. Heritage Global 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 Global autocorrelation shows the relationship between Heritage Global stock current value and its past values and can show if there is a momentum factor associated with investing in Heritage Global.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Heritage Global Correlation, Heritage Global Volatility and Heritage Global Alpha and Beta module to complement your research on Heritage Global. For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Heritage Global 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.