Heart Test Laboratories Stock Market Value
| HSCS Stock | USD 2.90 0.04 1.40% |
| Symbol | Heart |
Heart Test Laboratories Price To Book Ratio
Is Health Care Equipment & Supplies space 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 Heart Test. If investors know Heart 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 Heart Test listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (8.41) | Revenue Per Share 0.036 | Quarterly Revenue Growth 6.538 | Return On Assets (0.82) | Return On Equity (2.69) |
The market value of Heart Test Laboratories is measured differently than its book value, which is the value of Heart that is recorded on the company's balance sheet. Investors also form their own opinion of Heart Test's value that differs from its market value or its book value, called intrinsic value, which is Heart Test'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 Heart Test's market value can be influenced by many factors that don't directly affect Heart Test'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 Heart Test's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heart Test is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heart Test'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.
Heart Test '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 Heart Test's 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 Heart Test.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Heart Test on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Heart Test Laboratories or generate 0.0% return on investment in Heart Test over 30 days. Heart Test is related to or competes with Tivic Health, Bluejay Diagnostics, Nuwellis, NeuroMetrix, ReShape Lifesciences, Inspira Technologies, and Bone Biologics. Heart Test Laboratories, Inc., a medical technology company, provides cardiovascular diagnostic devices More
Heart Test 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 Heart Test's 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 Heart Test Laboratories upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.41 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 58.33 | |||
| Value At Risk | (8.97) | |||
| Potential Upside | 11.44 |
Heart Test Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heart Test's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heart Test's standard deviation. In reality, there are many statistical measures that can use Heart Test historical prices to predict the future Heart Test's volatility.| Risk Adjusted Performance | 0.0191 | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (1.09) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0427 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heart Test'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.
Heart Test Laboratories Backtested Returns
Currently, Heart Test Laboratories is dangerous. Heart Test Laboratories holds Efficiency (Sharpe) Ratio of 0.0037, which attests that the entity had a 0.0037% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Heart Test Laboratories, which you can use to evaluate the volatility of the firm. Please check out Heart Test's risk adjusted performance of 0.0191, and Market Risk Adjusted Performance of 0.0527 to validate if the risk estimate we provide is consistent with the expected return of 0.0297%. The company retains a Market Volatility (i.e., Beta) of 2.19, 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, Heart Test will likely underperform. Heart Test Laboratories right now retains a risk of 7.96%. Please check out Heart Test coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Heart Test will be following its current trending patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
Heart Test Laboratories has modest reverse predictability. Overlapping area represents the amount of predictability between Heart Test time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 Heart Test Laboratories price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Heart Test price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Heart Test Laboratories lagged returns against current returns
Autocorrelation, which is Heart Test 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 Heart Test's stock expected returns. We can calculate the autocorrelation of Heart Test returns to help us make a trade decision. For example, suppose you find that Heart Test 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 |
Heart Test 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 Heart Test stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heart Test stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heart Test stock over time.
Current vs Lagged Prices |
| Timeline |
Heart Test Lagged Returns
When evaluating Heart Test's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heart Test stock have on its future price. Heart Test 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, Heart Test autocorrelation shows the relationship between Heart Test stock current value and its past values and can show if there is a momentum factor associated with investing in Heart Test Laboratories.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Heart Stock Analysis
When running Heart Test's price analysis, check to measure Heart Test'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 Heart Test is operating at the current time. Most of Heart Test's value examination focuses on studying past and present price action to predict the probability of Heart Test's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heart Test's price. Additionally, you may evaluate how the addition of Heart Test to your portfolios can decrease your overall portfolio volatility.