Heritage Global Inc. (HGBL)

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Heritage Global Inc. (HGBL) is down 0.8% since the beginning of the year. At $1 per share, HGBL is trading 47.0% below its 52-week high of $2. Investors who bought $1,000 worth of HGBL shares 5 years ago would now be looking at an investment worth $452.

Heritage Global Inc. (HGBL) has returned -0.81% so far this year and -41.71% over the past 12 months. Looking at the last ten years, HGBL has achieved an annualized return of 20.66%, outperforming the S&P 500 Index benchmark, which averaged 13.66% per year.

Based on dividend-adjusted daily data since Jan 5, 2016, HGBL's average daily return is +0.25%, while the average monthly return is +3.09%. At this rate, an investment would double in approximately 1.9 years.

Historically, 48% of months were positive and 52% were negative. The best month was Aug 2016 with a return of +97.4%, while the worst month was Sep 2020 at -37.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, HGBL closed higher 41% of trading days. The best single day was Apr 1, 2016 with a return of +56.7%, while the worst single day was Feb 8, 2016 at -42.9%.

Heritage Global Inc. has an annualized alpha of 69.07%, beta of 0.64, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 06, 2016.

• This stock captured 131.62% of S&P 500 Index gains and 109.92% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• Beta of 0.64 may look defensive, but with R2 of 0.02 this stock is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this stock's risk.
• R2 of 0.02 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HGBL ranks 8 for risk / return — in the bottom 8% of stocks on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Heritage Global Inc. (HGBL) and compare them to S&P 500 Index.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Heritage Global Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Heritage Global Inc. was 74.19%, occurring on May 12, 2022. Recovery took 266 trading sessions.

The current Heritage Global Inc. drawdown is 69.48%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Heritage Global Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Heritage Global Inc. is priced in the market compared to other companies in the Capital Markets industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.