Heartland Express Stock Market Value
| HTLD Stock | USD 12.37 0.15 1.23% |
| Symbol | Heartland |
Heartland Express Price To Book Ratio
Is Cargo Ground Transportation 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 Heartland Express. If investors know Heartland 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 Heartland Express 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 (0.66) | Dividend Share 0.08 | Earnings Share (0.28) | Revenue Per Share 13.697 | Quarterly Revenue Growth (0.12) |
The market value of Heartland Express is measured differently than its book value, which is the value of Heartland that is recorded on the company's balance sheet. Investors also form their own opinion of Heartland Express' value that differs from its market value or its book value, called intrinsic value, which is Heartland Express' 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 Heartland Express' market value can be influenced by many factors that don't directly affect Heartland Express' 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 Heartland Express' value and its price as these two are different measures arrived at by different means. Investors typically determine if Heartland Express is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heartland Express' 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.
Heartland Express '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 Heartland Express' 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 Heartland Express.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Heartland Express on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Heartland Express or generate 0.0% return on investment in Heartland Express over 30 days. Heartland Express is related to or competes with Werner Enterprises, Universal Logistics, Schneider National, Marten Transport, Covenant Logistics, and Knight Transportation. Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the Uni... More
Heartland Express 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 Heartland Express' 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 Heartland Express upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.68 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.96 | |||
| Value At Risk | (2.46) | |||
| Potential Upside | 2.38 |
Heartland Express Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heartland Express' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heartland Express' standard deviation. In reality, there are many statistical measures that can use Heartland Express historical prices to predict the future Heartland Express' volatility.| Risk Adjusted Performance | 0.023 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0225 |
Heartland Express Backtested Returns
At this point, Heartland Express is not too volatile. Heartland Express holds Efficiency (Sharpe) Ratio of 0.0288, which attests that the entity had a 0.0288% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Heartland Express, which you can use to evaluate the volatility of the firm. Please check out Heartland Express' risk adjusted performance of 0.023, and Market Risk Adjusted Performance of 0.0325 to validate if the risk estimate we provide is consistent with the expected return of 0.0541%. Heartland Express has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 1.42, 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, Heartland Express will likely underperform. Heartland Express right now retains a risk of 1.88%. Please check out Heartland Express value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to decide if Heartland Express will be following its current trending patterns.
Auto-correlation | -0.21 |
Weak reverse predictability
Heartland Express has weak reverse predictability. Overlapping area represents the amount of predictability between Heartland Express time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Heartland Express price movement. The serial correlation of -0.21 indicates that over 21.0% of current Heartland Express price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Heartland Express lagged returns against current returns
Autocorrelation, which is Heartland Express 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 Heartland Express' stock expected returns. We can calculate the autocorrelation of Heartland Express returns to help us make a trade decision. For example, suppose you find that Heartland Express 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 |
Heartland Express 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 Heartland Express stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heartland Express stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heartland Express stock over time.
Current vs Lagged Prices |
| Timeline |
Heartland Express Lagged Returns
When evaluating Heartland Express' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heartland Express stock have on its future price. Heartland Express 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, Heartland Express autocorrelation shows the relationship between Heartland Express stock current value and its past values and can show if there is a momentum factor associated with investing in Heartland Express.
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 Heartland Express is a strong investment it is important to analyze Heartland Express' 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 Heartland Express' future performance. For an informed investment choice regarding Heartland Stock, refer to the following important reports:Check out Heartland Express Correlation, Heartland Express Volatility and Heartland Express Alpha and Beta module to complement your research on Heartland Express. For information on how to trade Heartland Stock refer to our How to Trade Heartland Stock guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Heartland Express 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.