Heritage Insurance Hldgs Stock Market Value
| HRTG Stock | USD 12.36 0.07 0.56% |
| Symbol | Heritage |
Heritage Insurance Hldgs Price To Book Ratio
Is Property & Casualty Insurance 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 Insurance. 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 Insurance 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 1.033 | Earnings Share 2.53 | Revenue Per Share 26.755 | Quarterly Revenue Growth 0.137 | Return On Assets 0.0259 |
The market value of Heritage Insurance Hldgs 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 Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance'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 Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance'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 Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance'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 Insurance '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 Insurance'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 Insurance.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Heritage Insurance on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Heritage Insurance Hldgs or generate 0.0% return on investment in Heritage Insurance over 30 days. Heritage Insurance is related to or competes with Universal Insurance, Donegal Group, Horace Mann, NI Holdings, HCI, Kingstone Companies, and United Fire. Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance prod... More
Heritage Insurance 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 Insurance'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 Insurance Hldgs upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 28.52 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 5.17 |
Heritage Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heritage Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heritage Insurance's standard deviation. In reality, there are many statistical measures that can use Heritage Insurance historical prices to predict the future Heritage Insurance's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.08) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heritage Insurance'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 Insurance Hldgs Backtested Returns
Heritage Insurance Hldgs holds Efficiency (Sharpe) Ratio of -0.0552, which attests that the entity had a -0.0552% return per unit of risk over the last 3 months. Heritage Insurance Hldgs exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heritage Insurance's Market Risk Adjusted Performance of (0.21), risk adjusted performance of (0.03), and Standard Deviation of 5.43 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.24, 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, Heritage Insurance will likely underperform. At this point, Heritage Insurance Hldgs has a negative expected return of -0.3%. Please make sure to check out Heritage Insurance's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Heritage Insurance Hldgs performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.79 |
Good predictability
Heritage Insurance Hldgs has good predictability. Overlapping area represents the amount of predictability between Heritage Insurance time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Insurance Hldgs price movement. The serial correlation of 0.79 indicates that around 79.0% of current Heritage Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Heritage Insurance Hldgs lagged returns against current returns
Autocorrelation, which is Heritage Insurance 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 Insurance's stock expected returns. We can calculate the autocorrelation of Heritage Insurance returns to help us make a trade decision. For example, suppose you find that Heritage Insurance 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 Insurance 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 Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heritage Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heritage Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Heritage Insurance Lagged Returns
When evaluating Heritage Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heritage Insurance stock have on its future price. Heritage Insurance 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 Insurance autocorrelation shows the relationship between Heritage Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Heritage Insurance Hldgs.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Heritage Insurance Hldgs is a strong investment it is important to analyze Heritage Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heritage Insurance's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:Check out Heritage Insurance Correlation, Heritage Insurance Volatility and Heritage Insurance Alpha and Beta module to complement your research on Heritage Insurance. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Heritage Insurance 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.