Heritage Distilling Holding Stock Market Value
| CASK Stock | 3.00 0.13 4.53% |
| Symbol | Heritage |
Is Beer and Liquor 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 Distilling. 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 Distilling 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 Distilling 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 Distilling's value that differs from its market value or its book value, called intrinsic value, which is Heritage Distilling'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 Distilling's market value can be influenced by many factors that don't directly affect Heritage Distilling'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 Distilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Distilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Distilling'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 Distilling '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 Distilling'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 Distilling.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Heritage Distilling on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Heritage Distilling Holding or generate 0.0% return on investment in Heritage Distilling over 30 days. Heritage Distilling is related to or competes with Fresh Grapes, Eastside Distilling, Willamette Valley, Diageo PLC, Innovation Beverage, LQR House, and Constellation Brands. Heritage Distilling is entity of United States More
Heritage Distilling 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 Distilling'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 Distilling Holding upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 15.0 | |||
| Value At Risk | (15.00) | |||
| Potential Upside | 5.81 |
Heritage Distilling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heritage Distilling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heritage Distilling's standard deviation. In reality, there are many statistical measures that can use Heritage Distilling historical prices to predict the future Heritage Distilling's volatility.| Risk Adjusted Performance | (0.23) | |||
| Jensen Alpha | (1.66) | |||
| Total Risk Alpha | (2.29) | |||
| Treynor Ratio | 31.98 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Heritage Distilling'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.
Heritage Distilling Backtested Returns
Heritage Distilling holds Efficiency (Sharpe) Ratio of -0.33, which attests that the entity had a -0.33% return per unit of risk over the last 3 months. Heritage Distilling exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Heritage Distilling's Market Risk Adjusted Performance of 31.99, standard deviation of 5.05, and Risk Adjusted Performance of (0.23) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0521, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Heritage Distilling are expected to decrease at a much lower rate. During the bear market, Heritage Distilling is likely to outperform the market. At this point, Heritage Distilling has a negative expected return of -1.66%. Please make sure to check out Heritage Distilling's potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Heritage Distilling performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Heritage Distilling Holding has good predictability. Overlapping area represents the amount of predictability between Heritage Distilling time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Heritage Distilling price movement. The serial correlation of 0.67 indicates that around 67.0% of current Heritage Distilling price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Heritage Distilling lagged returns against current returns
Autocorrelation, which is Heritage Distilling 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 Distilling's stock expected returns. We can calculate the autocorrelation of Heritage Distilling returns to help us make a trade decision. For example, suppose you find that Heritage Distilling 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 Distilling 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 Distilling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heritage Distilling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heritage Distilling stock over time.
Current vs Lagged Prices |
| Timeline |
Heritage Distilling Lagged Returns
When evaluating Heritage Distilling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heritage Distilling stock have on its future price. Heritage Distilling 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 Distilling autocorrelation shows the relationship between Heritage Distilling stock current value and its past values and can show if there is a momentum factor associated with investing in Heritage Distilling Holding.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Heritage Distilling Correlation, Heritage Distilling Volatility and Heritage Distilling Alpha and Beta module to complement your research on Heritage Distilling. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Heritage Distilling 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.