Heritage Insurance Number Of Shares Shorted vs. Gross Profit

HRTG Stock  USD 12.58  0.26  2.11%   
Based on the measurements of profitability obtained from Heritage Insurance's financial statements, Heritage Insurance's profitability may be sliding down. It has an above-average chance of reporting lower numbers next quarter. Profitability indicators assess Heritage Insurance's ability to earn profits and add value for shareholders. The current Price To Sales Ratio is estimated to decrease to 0.22. The current Days Sales Outstanding is estimated to decrease to 30.14. At this time, Heritage Insurance's Net Income is most likely to decrease significantly in the upcoming years. The Heritage Insurance's current Income Tax Expense is estimated to increase to about 9 M, while Total Other Income Expense Net is forecasted to increase to (10.6 M).
For Heritage Insurance profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Heritage Insurance to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Heritage Insurance Hldgs utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Heritage Insurance's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Heritage Insurance Hldgs over time as well as its relative position and ranking within its peers.
  
Check out Risk vs Return Analysis.
Is Property & Casualty Insurance 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 Insurance. 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 Insurance 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
1.033
Earnings Share
2.53
Revenue Per Share
26.755
Quarterly Revenue Growth
0.137
Return On Assets
0.0259
The market value of Heritage Insurance Hldgs 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 Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance'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 Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance'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 Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance'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 Insurance Hldgs Gross Profit vs. Number Of Shares Shorted Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Heritage Insurance's current stock value. Our valuation model uses many indicators to compare Heritage Insurance value to that of its competitors to determine the firm's financial worth.
Heritage Insurance Hldgs is rated # 4 in number of shares shorted category among its peers. It is rated below average in gross profit category among its peers fabricating about  5.93  of Gross Profit per Number Of Shares Shorted. At this time, Heritage Insurance's Gross Profit is most likely to increase significantly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Heritage Insurance by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Heritage Gross Profit vs. Number Of Shares Shorted

Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Heritage Insurance

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
842.21 K
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Heritage Insurance

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
4.99 M
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Heritage Gross Profit Comparison

Heritage Insurance is currently under evaluation in gross profit category among its peers.

Heritage Insurance Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Heritage Insurance, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Heritage Insurance will eventually generate negative long term returns. The profitability progress is the general direction of Heritage Insurance's change in net profit over the period of time. It can combine multiple indicators of Heritage Insurance, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-35.2 M-33.5 M
Operating Income63.2 M66.4 M
Income Before Tax52 M54.6 M
Total Other Income Expense Net-11.2 M-10.6 M
Net Income45.3 M47.6 M
Income Tax Expense6.7 MM
Net Loss-138.9 M-132 M
Net Income From Continuing Ops45.3 M47.6 M
Net Interest Income-11.2 M-11.8 M
Interest Income9.8 M11.6 M
Non Operating Income Net Other-57.9 M-55 M
Change To Netincome94.7 M99.5 M
Net Income Per Share 1.73  1.82 
Income Quality 1.55  1.48 
Net Income Per E B T 0.87  0.82 

Heritage Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Heritage Insurance. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Heritage Insurance position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Heritage Insurance's important profitability drivers and their relationship over time.

Use Heritage Insurance in pair-trading

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 Heritage Insurance 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 Heritage Insurance will appreciate offsetting losses from the drop in the long position's value.

Heritage Insurance Pair Trading

Heritage Insurance Hldgs Pair Trading Analysis

The ability to find closely correlated positions to Heritage Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heritage Insurance 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 Heritage Insurance - 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 Heritage Insurance Hldgs to buy it.
The correlation of Heritage Insurance 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 Heritage Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Heritage Insurance Hldgs 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 Heritage Insurance 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Heritage Insurance position

In addition to having Heritage Insurance in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Steel Works Etc Theme
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Steel Works Etc Theme or any other thematic opportunities.
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When determining whether Heritage Insurance Hldgs is a strong investment it is important to analyze Heritage Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heritage Insurance's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:
Check out Risk vs Return Analysis.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
To fully project Heritage Insurance's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Heritage Insurance Hldgs at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Heritage Insurance's income statement, its balance sheet, and the statement of cash flows.
Potential Heritage Insurance investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Heritage Insurance investors may work on each financial statement separately, they are all related. The changes in Heritage Insurance's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Heritage Insurance's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.