Heritage Nola Bancorp Stock Market Value
HRGG Stock | USD 14.69 0.06 0.41% |
Symbol | Heritage |
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 pink sheet 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.
04/25/2023 |
| 04/19/2024 |
If you would invest 0.00 in Heritage NOLA on April 25, 2023 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 360 days. Heritage NOLA is related to or competes with Rhinebeck Bancorp, Bridgewater Bancshares, Cullman Bancorp, Home Federal, HMN Financial, LINKBANCORP, and Western Alliance. Heritage NOLA Bancorp, Inc. operates as a holding company for Heritage Bank of St More
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 pink sheet 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.
Information Ratio | (0.11) | |||
Maximum Drawdown | 30.71 | |||
Value At Risk | (1.57) | |||
Potential Upside | 1.86 |
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.Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.35) | |||
Total Risk Alpha | (0.68) | |||
Treynor Ratio | (5.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Heritage NOLA Bancorp Backtested Returns
Heritage NOLA Bancorp holds Efficiency (Sharpe) Ratio of -0.0923, which attests that the entity had a -0.0923% return per unit of risk over the last 3 months. Heritage NOLA Bancorp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heritage NOLA's Risk Adjusted Performance of (0.05), standard deviation of 3.59, and Market Risk Adjusted Performance of (5.30) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0647, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Heritage NOLA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Heritage NOLA is expected to be smaller as well. Heritage NOLA Bancorp has an expected return of -0.34%. Please make sure to check out Heritage NOLA jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Heritage NOLA Bancorp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
Heritage NOLA Bancorp has weak reverse predictability. Overlapping area represents the amount of predictability between Heritage NOLA time series from 25th of April 2023 to 22nd of October 2023 and 22nd of October 2023 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 Heritage NOLA Bancorp price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Heritage NOLA price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.26 | |
Spearman Rank Test | 0.02 | |
Residual Average | 0.0 | |
Price Variance | 3.38 |
Heritage NOLA Bancorp lagged returns against current returns
Autocorrelation, which is Heritage NOLA pink sheet'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 pink sheet 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 has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heritage NOLA pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heritage NOLA pink sheet over time.
Current vs Lagged Prices |
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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Heritage NOLA Bancorp.
Regressed Prices |
Timeline |
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Try AI Portfolio ArchitectCheck out Heritage NOLA Correlation, Heritage NOLA Volatility and Heritage NOLA Alpha and Beta module to complement your research on Heritage NOLA. 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 the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Heritage Pink Sheet analysis
When running Heritage NOLA's 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 the 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 pink sheet 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, pink sheet market cycles, or different charting patterns.