Heartland Express Stock Market Value
| HTLD Stock | USD 10.33 0.10 0.96% |
| Symbol | Heartland |
Heartland Express Price To Book Ratio
Is Heartland Express' 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 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 0.19 | Revenue Per Share 15.282 | Quarterly Revenue Growth (0.22) |
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.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Heartland Express on January 25, 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 90 days. Heartland Express is related to or competes with TFI International, Morningstar Unconstrained, and SPACE. 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.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 8.4 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 2.37 |
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 | (0.12) | |||
| Jensen Alpha | (0.46) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.26) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heartland Express' 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.
Heartland Express Backtested Returns
Heartland Express holds Efficiency (Sharpe) Ratio of -0.23, which attests that the entity had a -0.23% return per unit of standard deviation over the last 3 months. Heartland Express exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heartland Express' market risk adjusted performance of (0.25), and Risk Adjusted Performance of (0.12) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.33, 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 has an expected return of -0.38%. Please make sure to check out Heartland Express treynor ratio, and the relationship between the standard deviation and kurtosis , to decide if Heartland Express performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.83 |
Very good predictability
Heartland Express has very good predictability. Overlapping area represents the amount of predictability between Heartland Express time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th 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 Heartland Express price movement. The serial correlation of 0.83 indicates that around 83.0% of current Heartland Express price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
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 |
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 Heartland Express 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, Heartland Express' short interest history, or implied volatility extrapolated from Heartland Express options trading.
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Try AI Portfolio ArchitectCheck 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Heartland Stock analysis
When running Heartland Express' price analysis, check to measure Heartland Express' 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 Heartland Express is operating at the current time. Most of Heartland Express' value examination focuses on studying past and present price action to predict the probability of Heartland Express' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heartland Express' price. Additionally, you may evaluate how the addition of Heartland Express to your portfolios can decrease your overall portfolio volatility.
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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.