Heartland Banccorp Stock Market Value
| HLAN Stock | USD 164.50 1.48 0.91% |
| Symbol | Heartland |
Heartland Banccorp '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 Banccorp'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 Heartland Banccorp.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Heartland Banccorp on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Heartland Banccorp or generate 0.0% return on investment in Heartland Banccorp over 720 days. Heartland Banccorp is related to or competes with HUMANA, SCOR PK, Thrivent High, Morningstar Unconstrained, SPACE, Via Renewables, and T Rowe. Heartland BancCorp operates as the bank holding company for Heartland Bank that provides various banking and financial s... More
Heartland Banccorp 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 Banccorp'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 Heartland Banccorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.042 | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.76 |
Heartland Banccorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heartland Banccorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heartland Banccorp's standard deviation. In reality, there are many statistical measures that can use Heartland Banccorp historical prices to predict the future Heartland Banccorp's volatility.| Risk Adjusted Performance | 0.0906 | |||
| Jensen Alpha | 0.0179 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0523 | |||
| Treynor Ratio | 0.1393 |
Heartland Banccorp Backtested Returns
Heartland Banccorp appears to be very steady, given 3 months investment horizon. Heartland Banccorp holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Heartland Banccorp, which you can use to evaluate the volatility of the firm. Please utilize Heartland Banccorp's risk adjusted performance of 0.0906, and Market Risk Adjusted Performance of 0.1493 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Heartland Banccorp holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 1.52, 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 Banccorp will likely underperform. Please check Heartland Banccorp's value at risk, rate of daily change, and the relationship between the total risk alpha and expected short fall , to make a quick decision on whether Heartland Banccorp's current trending patterns will revert.
Auto-correlation | -0.5 |
Modest reverse predictability
Heartland Banccorp has modest reverse predictability. Overlapping area represents the amount of predictability between Heartland Banccorp time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Banccorp price movement. The serial correlation of -0.5 indicates that about 50.0% of current Heartland Banccorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 869.23 |
Heartland Banccorp lagged returns against current returns
Autocorrelation, which is Heartland Banccorp 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 Heartland Banccorp's otc stock expected returns. We can calculate the autocorrelation of Heartland Banccorp returns to help us make a trade decision. For example, suppose you find that Heartland Banccorp has exhibited high autocorrelation historically, and you observe that the otc 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 Banccorp 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 Banccorp otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heartland Banccorp otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heartland Banccorp otc stock over time.
Current vs Lagged Prices |
| Timeline |
Heartland Banccorp Lagged Returns
When evaluating Heartland Banccorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heartland Banccorp otc stock have on its future price. Heartland Banccorp 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 Banccorp autocorrelation shows the relationship between Heartland Banccorp otc stock current value and its past values and can show if there is a momentum factor associated with investing in Heartland Banccorp.
Regressed Prices |
| Timeline |
Pair Trading with Heartland Banccorp
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 Heartland Banccorp 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 Heartland Banccorp will appreciate offsetting losses from the drop in the long position's value.Moving against Heartland OTC Stock
| 0.86 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.83 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.81 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.81 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.79 | BKRKY | Bank Rakyat | PairCorr |
The ability to find closely correlated positions to Heartland Banccorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heartland Banccorp 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 Heartland Banccorp - 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 Heartland Banccorp to buy it.
The correlation of Heartland Banccorp 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 Heartland Banccorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Heartland Banccorp 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 Heartland Banccorp 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.Other Information on Investing in Heartland OTC Stock
Heartland Banccorp financial ratios help investors to determine whether Heartland OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Heartland with respect to the benefits of owning Heartland Banccorp security.