Heartbeam Stock Market Value
| BEAT Stock | USD 2.16 0.36 20.00% |
| Symbol | Heartbeam |
Is Heartbeam's 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 Heartbeam. If investors know Heartbeam 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 Heartbeam listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Heartbeam is measured differently than its book value, which is the value of Heartbeam that is recorded on the company's balance sheet. Investors also form their own opinion of Heartbeam's value that differs from its market value or its book value, called intrinsic value, which is Heartbeam'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 Heartbeam's market value can be influenced by many factors that don't directly affect Heartbeam'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 Heartbeam's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heartbeam is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heartbeam'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.
Heartbeam '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 Heartbeam'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 Heartbeam.
| 03/18/2024 |
| 04/17/2024 |
If you would invest 0.00 in Heartbeam on March 18, 2024 and sell it all today you would earn a total of 0.00 from holding Heartbeam or generate 0.0% return on investment in Heartbeam over 30 days. Heartbeam is related to or competes with FOXO Technologies, EUDA Health, Nutex Health, Healthcare Triangle, Bullfrog, Mangoceuticals Common, and MSP Recovery. HeartBeam, Inc., a medical technology company, primarily focuses on telemedicine solutions for the detection and monitor... More
Heartbeam 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 Heartbeam'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 Heartbeam upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.0982 | |||
| Maximum Drawdown | 33.9 | |||
| Value At Risk | (5.64) | |||
| Potential Upside | 9.26 |
Heartbeam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heartbeam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heartbeam's standard deviation. In reality, there are many statistical measures that can use Heartbeam historical prices to predict the future Heartbeam's volatility.| Risk Adjusted Performance | 0.0767 | |||
| Jensen Alpha | 0.5943 | |||
| Total Risk Alpha | 0.2006 | |||
| Sortino Ratio | 0.143 | |||
| Treynor Ratio | 0.8111 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heartbeam'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.
Heartbeam Backtested Returns
Heartbeam appears to be dangerous, given 3 months investment horizon. Heartbeam holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. By evaluating Heartbeam's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Heartbeam's risk adjusted performance of 0.0767, and Market Risk Adjusted Performance of 0.8211 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Heartbeam holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Heartbeam's returns are expected to increase less than the market. However, during the bear market, the loss of holding Heartbeam is expected to be smaller as well. Please check Heartbeam's coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Heartbeam's current trending patterns will revert.
Auto-correlation | 0.50 |
Modest predictability
Heartbeam has modest predictability. Overlapping area represents the amount of predictability between Heartbeam time series from 18th of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 17th 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 Heartbeam price movement. The serial correlation of 0.5 indicates that about 50.0% of current Heartbeam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Heartbeam lagged returns against current returns
Autocorrelation, which is Heartbeam 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 Heartbeam's stock expected returns. We can calculate the autocorrelation of Heartbeam returns to help us make a trade decision. For example, suppose you find that Heartbeam 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 |
Heartbeam 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 Heartbeam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heartbeam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heartbeam stock over time.
Current vs Lagged Prices |
| Timeline |
Heartbeam Lagged Returns
When evaluating Heartbeam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heartbeam stock have on its future price. Heartbeam 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, Heartbeam autocorrelation shows the relationship between Heartbeam stock current value and its past values and can show if there is a momentum factor associated with investing in Heartbeam.
Regressed Prices |
| Timeline |
Pair Trading with Heartbeam
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Heartbeam position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Heartbeam will appreciate offsetting losses from the drop in the long position's value.Moving against Heartbeam Stock
| 0.74 | ZCMD | ZhongchaoInc Report 9th of May 2024 | PairCorr |
| 0.64 | TXG | 10X Genomics Downward Rally | PairCorr |
| 0.56 | ICCT | iCoreConnect Common stock | PairCorr |
| 0.55 | VASO | Vaso Corp | PairCorr |
| 0.53 | PHR | Phreesia Financial Report 29th of May 2024 | PairCorr |
The ability to find closely correlated positions to Heartbeam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heartbeam when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Heartbeam - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Heartbeam to buy it.
The correlation of Heartbeam is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Heartbeam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Heartbeam moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Heartbeam can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Heartbeam Correlation, Heartbeam Volatility and Heartbeam Alpha and Beta module to complement your research on Heartbeam. For more information on how to buy Heartbeam Stock please use our How to Invest in Heartbeam guide.Note that the Heartbeam information on this page should be used as a complementary analysis to other Heartbeam's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Heartbeam Stock analysis
When running Heartbeam's price analysis, check to measure Heartbeam's 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 Heartbeam is operating at the current time. Most of Heartbeam's value examination focuses on studying past and present price action to predict the probability of Heartbeam's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heartbeam's price. Additionally, you may evaluate how the addition of Heartbeam to your portfolios can decrease your overall portfolio volatility.
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Heartbeam 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.