Heritage Global Stock Alpha and Beta Analysis
| HGBL Stock | USD 1.62 0.01 0.62% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Heritage Global. It also helps investors analyze the systematic and unsystematic risks associated with investing in Heritage Global over a specified time horizon. Remember, high Heritage Global's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Heritage Global's market risk premium analysis include:
Beta 0.14 | Alpha (0.19) | Risk 2.64 | Sharpe Ratio (0.06) | Expected Return (0.16) |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Heritage |
Heritage Global Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Heritage Global market risk premium is the additional return an investor will receive from holding Heritage Global long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Heritage Global. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Heritage Global's performance over market.| α | -0.19 | β | 0.14 |
Heritage Global expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Heritage Global's Buy-and-hold return. Our buy-and-hold chart shows how Heritage Global performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Heritage Global Market Price Analysis
Market price analysis indicators help investors to evaluate how Heritage Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heritage Global shares will generate the highest return on investment. By understating and applying Heritage Global stock market price indicators, traders can identify Heritage Global position entry and exit signals to maximize returns.
Heritage Global Return and Market Media
The median price of Heritage Global for the period between Mon, Aug 26, 2024 and Sun, Nov 24, 2024 is 1.66 with a coefficient of variation of 3.37. The daily time series for the period is distributed with a sample standard deviation of 0.06, arithmetic mean of 1.67, and mean deviation of 0.04. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Insider Trading | 09/06/2024 |
2 | Disposition of 9513 shares by James Sklar of Heritage Global at 2.57 subject to Rule 16b-3 | 09/26/2024 |
3 | Heritage Global Inc Q2 2024 Earnings Call Highlights Strong Operating Income Growth ... | 10/09/2024 |
4 | Disposition of 19664 shares by Ross Dove of Heritage Global at 2.57 subject to Rule 16b-3 | 10/10/2024 |
5 | Disposition of 9199 shares by Topline Capital Partners, Lp of Heritage Global at 2.9 subject to Rule 16b-3 | 10/17/2024 |
6 | Acquisition by Shimer Samuel L of 7500 shares of Heritage Global at 0.53 subject to Rule 16b-3 | 11/05/2024 |
7 | Heritage Global Inc Q3 2024 Earnings Call Highlights Strategic Moves Amidst Mixed ... | 11/08/2024 |
8 | Heritage Global Inc. Q3 2024 Earnings Call Transcript | 11/11/2024 |
9 | Disposition of 10000 shares by David Ludwig of Heritage Global at 1.61 subject to Rule 16b-3 | 11/19/2024 |
10 | Insider Sell David Ludwig Sells Shares of Heritage Global Inc | 11/21/2024 |
About Heritage Global Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Heritage or other stocks. Alpha measures the amount that position in Heritage Global has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.25 | 0.22 | Price To Sales Ratio | 1.68 | 1.6 |
Heritage Global Upcoming Company Events
As portrayed in its financial statements, the presentation of Heritage Global's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Heritage Global's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Heritage Global's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Heritage Global. Please utilize our Beneish M Score to check the likelihood of Heritage Global's management manipulating its earnings.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Build Portfolio with Heritage Global
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Heritage Global Backtesting, Heritage Global Valuation, Heritage Global Correlation, Heritage Global Hype Analysis, Heritage Global Volatility, Heritage Global History and analyze Heritage Global Performance. For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.