Heritage OTC Stock Market Value

HRGG -  USA Stock  

USD 15.50  0.00  0.00%

Heritage Nola's market value is the price at which a share of Heritage Nola stock trades on a public exchange. It measures the collective expectations of Heritage Nola Bancorp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Heritage Nola Bancorp and determine expected loss or profit from investing in Heritage Nola over a given investment horizon. Please check Heritage Nola Hype Analysis, Heritage Nola Correlation, Heritage Nola Valuation, Heritage Nola Volatility, as well as analyze Heritage Nola Alpha and Beta and Heritage Nola Performance.
Symbol
Backtest


Is Heritage Nola'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 Heritage Nola. If investors know Heritage 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 Heritage Nola 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 Heritage Nola Bancorp is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Nola's value that differs from its market value or its book value, called intrinsic value, which is Heritage Nola'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 Heritage Nola's market value can be influenced by many factors that don't directly affect Heritage Nola'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 Heritage Nola's value and its price as these two are different measures arrived at by different means. Investors typically determine Heritage Nola value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Nola'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.

Heritage Nola '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 Heritage Nola's otc 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 Heritage Nola.
0.00
08/29/2021
No Change 0.00  0.0 
In 2 months and 1 day
10/28/2021
0.00
If you would invest  0.00  in Heritage Nola on August 29, 2021 and sell it all today you would earn a total of 0.00 from holding Heritage Nola Bancorp or generate 0.0% return on investment in Heritage Nola over 60 days. Heritage Nola is related to or competes with Hdfc Bank, US Bancorp, and PNC Bank. Heritage NOLA Bancorp, Inc. operates as a holding company for Heritage Bank of St

Heritage Nola 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 Heritage Nola's otc 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 Heritage Nola Bancorp upside and downside potential and time the market with a certain degree of confidence.

Heritage Nola Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Heritage Nola's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heritage Nola's standard deviation. In reality, there are many statistical measures that can use Heritage Nola historical prices to predict the future Heritage Nola's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Heritage Nola'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. Please use the tools below to analyze the current value of Heritage Nola in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
14.7915.5916.39
Details
Intrinsic
Valuation
LowReal ValueHigh
13.9517.8218.62
Details
Naive
Forecast
LowNext ValueHigh
14.5115.3116.11
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.4115.4315.45
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Heritage Nola. Your research has to be compared to or analyzed against Heritage Nola's peers to derive any actionable benefits. When done correctly, Heritage Nola's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Heritage Nola Bancorp.

Heritage Nola Bancorp Backtested Returns

We consider Heritage Nola very steady. Heritage Nola Bancorp holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had 0.21% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Heritage Nola Bancorp, which you can use to evaluate the future volatility of the firm. Please check out Heritage Nola Downside Deviation of 1.3, risk adjusted performance of 0.1524, and Market Risk Adjusted Performance of 0.8613 to validate if the risk estimate we provide is consistent with the expected return of 0.17%.
Heritage Nola has performance score of 15 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.1925, which attests to not very significant fluctuations relative to the market. Let's try to break down what Heritage's beta means in this case. As returns on the market increase, Heritage Nola returns are expected to increase less than the market. However, during the bear market, the loss on holding Heritage Nola will be expected to be smaller as well. Although it is extremely important to respect Heritage Nola Bancorp current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Heritage Nola Bancorp technical indicators, you can presently evaluate if the expected return of 0.17% will be sustainable into the future. Heritage Nola Bancorp right now retains a risk of 0.8%. Please check out Heritage Nola variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Heritage Nola will be following its current trending patterns.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.64   

Good predictability

Heritage Nola Bancorp has good predictability. Overlapping area represents the amount of predictability between Heritage Nola time series from 29th of August 2021 to 28th of September 2021 and 28th of September 2021 to 28th of October 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Heritage Nola Bancorp price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Heritage Nola price fluctuation can be explain by its past prices.
Correlation Coefficient0.64
Spearman Rank Test0.67
Residual Average0.0
Price Variance0.04

Heritage Nola Bancorp lagged returns against current returns

Autocorrelation, which is Heritage Nola otc 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 Heritage Nola's otc stock expected returns. We can calculate the autocorrelation of Heritage Nola returns to help us make a trade decision. For example, suppose you find that Heritage Nola otc stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Heritage Nola 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 Heritage Nola otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heritage Nola otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heritage Nola otc stock over time.
 Current vs Lagged Prices 
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      Timeline 

Heritage Nola Lagged Returns

When evaluating Heritage Nola's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heritage Nola otc stock have on its future price. Heritage Nola 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, Heritage Nola autocorrelation shows the relationship between Heritage Nola otc stock current value and its past values and can show if there is a momentum factor associated with investing in Heritage Nola Bancorp.
 Regressed Prices 
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      Timeline 

Heritage Nola Investors Sentiment

The influence of Heritage Nola's 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 Heritage. 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 markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - HRGG

Heritage Nola Bancorp Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Heritage Nola Bancorp. What is your judgment towards investing in Heritage Nola Bancorp? Are you bullish or bearish?
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Please check Heritage Nola Hype Analysis, Heritage Nola Correlation, Heritage Nola Valuation, Heritage Nola Volatility, as well as analyze Heritage Nola Alpha and Beta and Heritage Nola Performance. Note that the Heritage Nola Bancorp information on this page should be used as a complementary analysis to other Heritage Nola'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Heritage Nola Bancorp price analysis, check to measure Heritage Nola'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 Heritage Nola is operating at the current time. Most of Heritage Nola's value examination focuses on studying past and present price action to predict the probability of Heritage Nola's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Heritage Nola's price. Additionally, you may evaluate how the addition of Heritage Nola to your portfolios can decrease your overall portfolio volatility.
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Heritage Nola technical otc 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 Heritage Nola technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Heritage Nola 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...