Heritage Global Stock Price on November 28, 2024
| HGBL Stock | USD 1.72 0.06 3.61% |
If you're considering investing in Heritage Stock, it is important to understand the factors that can impact its price. As of today, the current price of Heritage Global stands at 1.72, as last reported on the 29th of November, with the highest price reaching 1.74 and the lowest price hitting 1.69 during the day. As of now, Heritage Stock is very risky. Heritage Global holds Efficiency (Sharpe) Ratio of 0.0152, which attests that the entity had a 0.0152% return per unit of risk over the last 3 months. We have found thirty technical indicators for Heritage Global, which you can use to evaluate the volatility of the firm. Please check out Heritage Global's Market Risk Adjusted Performance of 0.105, risk adjusted performance of 0.0151, and Downside Deviation of 2.29 to validate if the risk estimate we provide is consistent with the expected return of 0.0346%.
Heritage Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Heritage |
Sharpe Ratio = 0.0152
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| Negative Returns | HGBL |
Estimated Market Risk
| 2.27 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Heritage Global is performing at about 1% 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 Heritage Global by adding it to a well-diversified portfolio.
Heritage Global Valuation on November 28, 2024
It is possible to determine the worth of Heritage Global on a given historical date. On November 28, 2024 Heritage was worth 1.69 at the beginning of the trading date compared to the closed value of 1.72. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Heritage Global stock. Still, in general, we apply an absolute valuation method to find Heritage Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Heritage Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Heritage Global's related companies.
| Open | High | Low | Close | Volume | |
| 1.69 | 1.74 | 1.69 | 1.72 | 35,227 | |
11/29/2024 | 1.69 | 1.74 | 1.69 | 1.72 | 0.00 |
| Backtest Heritage Global | | | Heritage Global History | | | Heritage Global Valuation | Previous |
Heritage Global Trading Date Momentum on November 28, 2024
| On November 29 2024 Heritage Global was traded for 1.72 at the closing time. The top price for the day was 1.74 and the lowest listed price was 1.69 . There was no trading activity during the period 0.0. Lack of trading volume on November 29, 2024 did not cause price change. The trading delta at closing time against the current closing price is 1.74% . |
Heritage Global Fundamentals Correlations and Trends
By evaluating Heritage Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Heritage Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Heritage financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Heritage Global Stock history
Heritage Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Heritage is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Heritage Global will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Heritage Global stock prices may prove useful in developing a viable investing in Heritage Global
Heritage Global, Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. Heritage Global, Inc. was incorporated in 1983 and is headquartered in San Diego, California. Heritage Global operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 63 people.
Heritage Global Stock Technical Analysis
Heritage Global 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.
Price Boundaries
Heritage Global Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Heritage Global cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Heritage Global November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Heritage Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heritage Global shares will generate the highest return on investment. By undertsting and applying Heritage Global stock market strength indicators, traders can identify Heritage Global entry and exit signals to maximize returns
Heritage Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Heritage Global's price direction in advance. Along with the technical and fundamental analysis of Heritage Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Heritage to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0151 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.095 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Business Services 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 Global. 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 Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Heritage Global 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 Global's value that differs from its market value or its book value, called intrinsic value, which is Heritage Global'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 Global's market value can be influenced by many factors that don't directly affect Heritage Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Global'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.