Heartland Express (Germany) Market Value
| HLX Stock | EUR 10.80 0.30 2.70% |
| Symbol | Heartland |
Heartland Express '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 Heartland Express' 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 Heartland Express.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Heartland Express on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Heartland Express or generate 0.0% return on investment in Heartland Express over 60 days. Heartland Express is related to or competes with Old Dominion, YAMATO HOLDINGS, SCHNEIDER NATLINC, Werner Enterprises, Seino Holdings, Fukuyama Transporting. Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the Uni... More
Heartland Express 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 Heartland Express' 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 Heartland Express upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 11.45 | |||
| Value At Risk | (2.54) | |||
| Potential Upside | 2.91 |
Heartland Express Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heartland Express' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Heartland Express' standard deviation. In reality, there are many statistical measures that can use Heartland Express historical prices to predict the future Heartland Express' volatility.| Risk Adjusted Performance | 0.0202 | |||
| Jensen Alpha | 0.0162 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1057 |
Heartland Express Backtested Returns
At this point, Heartland Express is not too volatile. Heartland Express holds Efficiency (Sharpe) Ratio of 0.0184, which attests that the entity had a 0.0184% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Heartland Express, which you can use to evaluate the volatility of the firm. Please check out Heartland Express' market risk adjusted performance of 0.1157, and Risk Adjusted Performance of 0.0202 to validate if the risk estimate we provide is consistent with the expected return of 0.0351%. Heartland Express has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Heartland Express' returns are expected to increase less than the market. However, during the bear market, the loss of holding Heartland Express is expected to be smaller as well. Heartland Express right now retains a risk of 1.91%. Please check out Heartland Express information ratio, treynor ratio, and the relationship between the downside deviation and total risk alpha , to decide if Heartland Express will be following its current trending patterns.
Auto-correlation | -0.89 |
Excellent reverse predictability
Heartland Express has excellent reverse predictability. Overlapping area represents the amount of predictability between Heartland Express time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 Heartland Express price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Heartland Express price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Heartland Express lagged returns against current returns
Autocorrelation, which is Heartland Express 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 Heartland Express' stock expected returns. We can calculate the autocorrelation of Heartland Express returns to help us make a trade decision. For example, suppose you find that Heartland Express 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 |
Heartland Express 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 Heartland Express stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Heartland Express stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Heartland Express stock over time.
Current vs Lagged Prices |
| Timeline |
Heartland Express Lagged Returns
When evaluating Heartland Express' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Heartland Express stock have on its future price. Heartland Express 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, Heartland Express autocorrelation shows the relationship between Heartland Express stock current value and its past values and can show if there is a momentum factor associated with investing in Heartland Express.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Heartland Stock
When determining whether Heartland Express is a strong investment it is important to analyze Heartland Express' 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 Heartland Express' future performance. For an informed investment choice regarding Heartland Stock, refer to the following important reports:Check out Heartland Express Correlation, Heartland Express Volatility and Heartland Express Alpha and Beta module to complement your research on Heartland Express. For more detail on how to invest in Heartland Stock please use our How to Invest in Heartland Express guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Heartland Express 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.