Heartcore Enterprises Stock Market Value
| HTCR Stock | USD 1.18 0.12 11.32% |
| Symbol | HeartCore |
HeartCore Enterprises Price To Book Ratio
Is Application Software 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 HeartCore Enterprises. If investors know HeartCore 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 HeartCore Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.04 | Earnings Share (0.42) | Revenue Per Share 0.821 | Quarterly Revenue Growth (0.20) | Return On Assets (0.19) |
The market value of HeartCore Enterprises is measured differently than its book value, which is the value of HeartCore that is recorded on the company's balance sheet. Investors also form their own opinion of HeartCore Enterprises' value that differs from its market value or its book value, called intrinsic value, which is HeartCore Enterprises' 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 HeartCore Enterprises' market value can be influenced by many factors that don't directly affect HeartCore Enterprises' 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 HeartCore Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if HeartCore Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HeartCore Enterprises' 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.
HeartCore Enterprises '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 HeartCore Enterprises' 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 HeartCore Enterprises.
| 05/16/2024 |
| 11/12/2024 |
If you would invest 0.00 in HeartCore Enterprises on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding HeartCore Enterprises or generate 0.0% return on investment in HeartCore Enterprises over 180 days. HeartCore Enterprises is related to or competes with Wearable Devices, Intelligent Living, and Akanda Corp. HeartCore Enterprises, Inc., a software development company, provides Software as a Service solutions to enterprise cust... More
HeartCore Enterprises 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 HeartCore Enterprises' 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 HeartCore Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.6 | |||
| Information Ratio | 0.1176 | |||
| Maximum Drawdown | 31.62 | |||
| Value At Risk | (10.17) | |||
| Potential Upside | 14.63 |
HeartCore Enterprises Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HeartCore Enterprises' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HeartCore Enterprises' standard deviation. In reality, there are many statistical measures that can use HeartCore Enterprises historical prices to predict the future HeartCore Enterprises' volatility.| Risk Adjusted Performance | 0.1175 | |||
| Jensen Alpha | 0.487 | |||
| Total Risk Alpha | (0.55) | |||
| Sortino Ratio | 0.126 | |||
| Treynor Ratio | 0.3254 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HeartCore Enterprises' 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.
HeartCore Enterprises Backtested Returns
HeartCore Enterprises is dangerous given 3 months investment horizon. HeartCore Enterprises holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of standard deviation over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use HeartCore Enterprises risk adjusted performance of 0.1175, and Market Risk Adjusted Performance of 0.3354 to evaluate company specific risk that cannot be diversified away. HeartCore Enterprises holds a performance score of 11 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 3.07, 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, HeartCore Enterprises will likely underperform. Use HeartCore Enterprises coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to analyze future returns on HeartCore Enterprises.
Auto-correlation | -0.32 |
Poor reverse predictability
HeartCore Enterprises has poor reverse predictability. Overlapping area represents the amount of predictability between HeartCore Enterprises time series from 16th of May 2024 to 14th of August 2024 and 14th of August 2024 to 12th 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 HeartCore Enterprises price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current HeartCore Enterprises price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
HeartCore Enterprises lagged returns against current returns
Autocorrelation, which is HeartCore Enterprises 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 HeartCore Enterprises' stock expected returns. We can calculate the autocorrelation of HeartCore Enterprises returns to help us make a trade decision. For example, suppose you find that HeartCore Enterprises 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 |
HeartCore Enterprises 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 HeartCore Enterprises stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HeartCore Enterprises stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HeartCore Enterprises stock over time.
Current vs Lagged Prices |
| Timeline |
HeartCore Enterprises Lagged Returns
When evaluating HeartCore Enterprises' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HeartCore Enterprises stock have on its future price. HeartCore Enterprises 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, HeartCore Enterprises autocorrelation shows the relationship between HeartCore Enterprises stock current value and its past values and can show if there is a momentum factor associated with investing in HeartCore Enterprises.
Regressed Prices |
| Timeline |
Pair Trading with HeartCore Enterprises
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 HeartCore Enterprises 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 HeartCore Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving together with HeartCore Stock
| 0.61 | U | Unity Software | PairCorr |
| 0.83 | BL | Blackline | PairCorr |
| 0.76 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
Moving against HeartCore Stock
| 0.52 | DMAN | Innovativ Media Group | PairCorr |
| 0.5 | VCSA | Vacasa Inc | PairCorr |
| 0.46 | VERB | VERB TECHNOLOGY PANY | PairCorr |
The ability to find closely correlated positions to HeartCore Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HeartCore Enterprises 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 HeartCore Enterprises - 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 HeartCore Enterprises to buy it.
The correlation of HeartCore Enterprises 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 HeartCore Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HeartCore Enterprises 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 HeartCore Enterprises 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.Additional Tools for HeartCore Stock Analysis
When running HeartCore Enterprises' price analysis, check to measure HeartCore Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HeartCore Enterprises is operating at the current time. Most of HeartCore Enterprises' value examination focuses on studying past and present price action to predict the probability of HeartCore Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HeartCore Enterprises' price. Additionally, you may evaluate how the addition of HeartCore Enterprises to your portfolios can decrease your overall portfolio volatility.