Herc Holdings Stock Market Value
| HRI Stock | USD 150.77 1.76 1.15% |
| Symbol | Herc |
Herc Holdings Price To Book Ratio
Is Herc Holdings' industry 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 Herc Holdings. If investors know Herc 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 Herc Holdings 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 (0.02) | Dividend Share 2.53 | Earnings Share 12.1 | Revenue Per Share 115.158 | Quarterly Revenue Growth 0.057 |
The market value of Herc Holdings is measured differently than its book value, which is the value of Herc that is recorded on the company's balance sheet. Investors also form their own opinion of Herc Holdings' value that differs from its market value or its book value, called intrinsic value, which is Herc Holdings' 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 Herc Holdings' market value can be influenced by many factors that don't directly affect Herc Holdings' 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 Herc Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Herc Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Herc Holdings' 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.
Herc Holdings '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 Herc Holdings' 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 Herc Holdings.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Herc Holdings on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Herc Holdings or generate 0.0% return on investment in Herc Holdings over 30 days. Herc Holdings is related to or competes with Ryder System, Willis Lease, Avis Budget, FlexShopper, and Global Ship. Herc Holdings Inc., through its subsidiaries, operates as an equipment rental supplier in the United States and internat... More
Herc Holdings 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 Herc Holdings' 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 Herc Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.0312 | |||
| Maximum Drawdown | 15.36 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 3.46 |
Herc Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Herc Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Herc Holdings' standard deviation. In reality, there are many statistical measures that can use Herc Holdings historical prices to predict the future Herc Holdings' volatility.| Risk Adjusted Performance | 0.0454 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0267 | |||
| Treynor Ratio | 0.0531 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Herc Holdings' 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.
Herc Holdings Backtested Returns
We consider Herc Holdings very steady. Herc Holdings holds Efficiency (Sharpe) Ratio of 0.0364, which attests that the entity had a 0.0364% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Herc Holdings, which you can use to evaluate the volatility of the firm. Please check out Herc Holdings' Market Risk Adjusted Performance of 0.0631, downside deviation of 2.62, and Risk Adjusted Performance of 0.0454 to validate if the risk estimate we provide is consistent with the expected return of 0.0833%. Herc Holdings has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 2.42, 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, Herc Holdings will likely underperform. Herc Holdings right now retains a risk of 2.29%. Please check out Herc Holdings value at risk, as well as the relationship between the skewness and day median price , to decide if Herc Holdings will be following its current trending patterns.
Auto-correlation | 0.37 |
Below average predictability
Herc Holdings has below average predictability. Overlapping area represents the amount of predictability between Herc Holdings time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Herc Holdings price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Herc Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 26.11 |
Herc Holdings lagged returns against current returns
Autocorrelation, which is Herc Holdings 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 Herc Holdings' stock expected returns. We can calculate the autocorrelation of Herc Holdings returns to help us make a trade decision. For example, suppose you find that Herc Holdings 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 |
Herc Holdings 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 Herc Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Herc Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Herc Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Herc Holdings Lagged Returns
When evaluating Herc Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Herc Holdings stock have on its future price. Herc Holdings 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, Herc Holdings autocorrelation shows the relationship between Herc Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Herc Holdings.
Regressed Prices |
| Timeline |
Herc Holdings Investors Sentiment
The influence of Herc Holdings' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Herc. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Herc Holdings' public news can be used to forecast risks associated with an investment in Herc. The trend in average sentiment can be used to explain how an investor holding Herc can time the market purely based on public headlines and social activities around Herc Holdings. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Herc Holdings' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Herc Holdings' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Herc Holdings' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Herc Holdings.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Herc Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Herc Holdings' short interest history, or implied volatility extrapolated from Herc Holdings options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Herc Holdings Correlation, Herc Holdings Volatility and Herc Holdings Alpha and Beta module to complement your research on Herc Holdings. For more detail on how to invest in Herc Stock please use our How to Invest in Herc Holdings guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Herc Stock analysis
When running Herc Holdings' price analysis, check to measure Herc Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Herc Holdings is operating at the current time. Most of Herc Holdings' value examination focuses on studying past and present price action to predict the probability of Herc Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Herc Holdings' price. Additionally, you may evaluate how the addition of Herc Holdings to your portfolios can decrease your overall portfolio volatility.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |
Herc Holdings 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.