Heartland Express Stock Market Value

HTLD Stock  USD 10.16  0.18  1.74%   
Heartland Express' market value is the price at which a share of Heartland Express trades on a public exchange. It measures the collective expectations of Heartland Express investors about its performance. Heartland Express is trading at 10.16 as of the 19th of April 2024, a -1.74 percent decrease since the beginning of the trading day. The stock's lowest day price was 10.09.
With this module, you can estimate the performance of a buy and hold strategy of Heartland Express and determine expected loss or profit from investing in Heartland Express over a given investment horizon. 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.
Symbol

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.
0.00
03/20/2024
No Change 0.00  0.0 
In 31 days
04/19/2024
0.00
If you would invest  0.00  in Heartland Express on March 20, 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, PAM Transportation, 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
8.7210.2711.82
Details
Intrinsic
Valuation
LowRealHigh
9.1411.7313.28
Details
Naive
Forecast
LowNextHigh
8.399.9311.48
Details
6 Analysts
Consensus
LowTargetHigh
14.2015.6017.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Heartland Express. Your research has to be compared to or analyzed against Heartland Express' peers to derive any actionable benefits. When done correctly, Heartland Express' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Heartland Express.

Heartland Express Backtested Returns

Heartland Express holds Efficiency (Sharpe) Ratio of -0.29, which attests that the entity had a -0.29% return per unit of standard deviation over the last 3 months. Heartland Express exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heartland Express' risk adjusted performance of (0.13), and Market Risk Adjusted Performance of (0.27) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.29, 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 -0.45%. Please make sure to check out Heartland Express standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Heartland Express performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.87  

Very good predictability

Heartland Express has very good predictability. Overlapping area represents the amount of predictability between Heartland Express 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 Heartland Express price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Heartland Express price fluctuation can be explain by its past prices.
Correlation Coefficient0.87
Spearman Rank Test0.9
Residual Average0.0
Price Variance0.07

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  

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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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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.
A focus of Heartland Express technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Heartland Express trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...