Heritage Commerce Corp Stock Market Value
| HTBK Stock | USD 10.66 0.07 0.65% |
| Symbol | Heritage |
Heritage Commerce Corp Price To Book Ratio
Is Regional Banks 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 Heritage Commerce. 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 Commerce listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Dividend Share 0.52 | Earnings Share 0.71 | Revenue Per Share 2.763 | Quarterly Revenue Growth (0.11) |
The market value of Heritage Commerce Corp 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 Commerce's value that differs from its market value or its book value, called intrinsic value, which is Heritage Commerce'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 Commerce's market value can be influenced by many factors that don't directly affect Heritage Commerce'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 Commerce's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Commerce is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Commerce'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 Commerce '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 Commerce'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 Heritage Commerce.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Heritage Commerce on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Heritage Commerce Corp or generate 0.0% return on investment in Heritage Commerce over 30 days. Heritage Commerce is related to or competes with Home Federal, First Financial, First Northwest, First Capital, Community West, Home Bancorp, and CB Financial. Heritage Commerce Corp operates as the bank holding company for Heritage Bank of Commerce that provides various commerci... More
Heritage Commerce 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 Commerce'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 Heritage Commerce Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.0049 | |||
| Maximum Drawdown | 17.09 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 2.93 |
Heritage Commerce Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heritage Commerce's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heritage Commerce's standard deviation. In reality, there are many statistical measures that can use Heritage Commerce historical prices to predict the future Heritage Commerce's volatility.| Risk Adjusted Performance | 0.0528 | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0072 | |||
| Treynor Ratio | 0.0606 |
Heritage Commerce Corp Backtested Returns
As of now, Heritage Stock is not too volatile. Heritage Commerce Corp holds Efficiency (Sharpe) Ratio of 0.0503, which attests that the entity had a 0.0503% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Heritage Commerce Corp, which you can use to evaluate the volatility of the firm. Please check out Heritage Commerce's Downside Deviation of 1.53, risk adjusted performance of 0.0528, and Market Risk Adjusted Performance of 0.0706 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Heritage Commerce has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 2.08, 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, Heritage Commerce will likely underperform. Heritage Commerce Corp right now retains a risk of 2.3%. Please check out Heritage Commerce semi variance, and the relationship between the maximum drawdown and accumulation distribution , to decide if Heritage Commerce will be following its current trending patterns.
Auto-correlation | 0.42 |
Average predictability
Heritage Commerce Corp has average predictability. Overlapping area represents the amount of predictability between Heritage Commerce 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 Heritage Commerce Corp price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Heritage Commerce price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Heritage Commerce Corp lagged returns against current returns
Autocorrelation, which is Heritage Commerce 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 Commerce's stock expected returns. We can calculate the autocorrelation of Heritage Commerce returns to help us make a trade decision. For example, suppose you find that Heritage Commerce 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 |
Heritage Commerce 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 Commerce stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heritage Commerce stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heritage Commerce stock over time.
Current vs Lagged Prices |
| Timeline |
Heritage Commerce Lagged Returns
When evaluating Heritage Commerce's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heritage Commerce stock have on its future price. Heritage Commerce 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 Commerce autocorrelation shows the relationship between Heritage Commerce stock current value and its past values and can show if there is a momentum factor associated with investing in Heritage Commerce Corp.
Regressed Prices |
| Timeline |
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Heritage Commerce technical 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.