Heska Stock Performance

HSKA -  USA Stock  

USD 250.32  0.34  0.14%

The company retains a Market Volatility (i.e., Beta) of 0.4901, which attests to possible diversification benefits within a given portfolio. Let's try to break down what Heska's beta means in this case. As returns on the market increase, Heska Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding Heska Corp will be expected to be smaller as well. Although it is extremely important to respect Heska Corp 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 Heska Corp technical indicators, you can presently evaluate if the expected return of 0.014% will be sustainable into the future. Heska Corp right now retains a risk of 1.99%. Please check out Heska Corp treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if Heska Corp will be following its current trending patterns.

Heska Stock Performance 

 
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 Heska Performance
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Over the last 90 days Heska Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong forward-looking signals, Heska Corp is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more

Heska Price Channel

Quick Ratio7.26
Fifty Two Week Low103.00
Target High Price310.00
Fifty Two Week High275.94
Target Low Price225.00

Heska Corp Relative Risk vs. Return Landscape

If you would invest  25,121  in Heska Corp on July 20, 2021 and sell it today you would lose (89.00)  from holding Heska Corp or give up 0.35% of portfolio value over 90 days. Heska Corp is currently generating 0.014% in daily expected returns and assumes 1.987% risk (volatility on return distribution) over the 90 days horizon. In different words, 17% of stocks are less volatile than Heska, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Heska Corp is expected to generate 2.69 times less return on investment than the market. In addition to that, the company is 2.76 times more volatile than its market benchmark. It trades about 0.01 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.05 per unit of volatility.

Heska Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Heska Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Heska Corp, and traders can use it to determine the average amount a Heska Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.007

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Estimated Market Risk
 1.99
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 17 %
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Based on monthly moving average Heska Corp is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Heska Corp by adding it to a well-diversified portfolio.

About Heska Corp Performance

To evaluate Heska Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Heska Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Heska Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Heska Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Heska's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2021
Effect of Exchange Rate Changes on Cash793 K855.6 K
Return on Investment(3.05) (3.13) 
Return on Average Assets(0.038) (0.039) 
Return on Average Equity(0.05) (0.05) 
Return on Invested Capital(0.06) (0.06) 
Return on Sales(0.0494) (0.05) 
Heska Corporation manufactures, sells, and markets veterinary diagnostic and specialty products for canine and feline healthcare markets in the United States, Canada, Mexico, Australia, France, Germany, Italy, Malaysia, Spain, and Switzerland. Heska Corporation was founded in 1988 and is based in Loveland, Colorado. Heska Corp operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 602 people.

Things to note about Heska Corp

Checking the ongoing alerts about Heska Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Heska Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Heska Corp Alerts

Equity Alerts and Improvement Suggestions

Heska Corp is unlikely to experience financial distress in the next 2 years
The company reported the previous year's revenue of 227.17 M. Net Loss for the year was (7.24 M) with profit before overhead, payroll, taxes, and interest of 81.29 M.
Heska Corp has a poor financial position based on the latest SEC disclosures
Over 99.0% of the company shares are owned by institutional investors
Latest headline from www.equities.com: Heska falls 0.14 percent to Close at 250.32 on October 15 - Equities.com
Please check Risk vs Return Analysis. Note that the Heska Corp information on this page should be used as a complementary analysis to other Heska Corp'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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When running Heska Corp price analysis, check to measure Heska Corp'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 Heska Corp is operating at the current time. Most of Heska Corp's value examination focuses on studying past and present price action to predict the probability of Heska Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Heska Corp's price. Additionally, you may evaluate how the addition of Heska Corp to your portfolios can decrease your overall portfolio volatility.
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The market value of Heska Corp is measured differently than its book value, which is the value of Heska that is recorded on the company's balance sheet. Investors also form their own opinion of Heska Corp's value that differs from its market value or its book value, called intrinsic value, which is Heska Corp'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 Heska Corp's market value can be influenced by many factors that don't directly affect Heska Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heska Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Heska Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heska Corp'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.