Hims Property Plant And Equipment Net vs Short Term Investments Analysis

HIMS Stock

USD 21.57 0.18 0.83%

Hims Hers financial indicator trend analysis is much more than just examining Hims Hers Health latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hims Hers Health is a good investment. Please check the relationship between Hims Hers Property Plant And Equipment Net and its Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Property Plant And Equipment Net vs Short Term Investments

Property Plant And Equipment Net vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hims Hers Health Property Plant And Equipment Net account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Hims Hers' Property Plant And Equipment Net and Short Term Investments is 0.56. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Hims Hers Health, assuming nothing else is changed. The correlation between historical values of Hims Hers' Property Plant And Equipment Net and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Hims Hers Health are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Property Plant And Equipment Net i.e., Hims Hers' Property Plant And Equipment Net and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

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Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Short Term Investments

Short Term Investments is an item under the current assets section of Hims Hers balance sheet. It contains any investments Hims Hers Health undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Hims Hers Health can easily liquidate in the marketplace.

Most indicators from Hims Hers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hims Hers Health current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hims Hers Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Tax Provision is likely to gain to about 2.1 M in 2024, whereas Selling General Administrative is likely to drop slightly above 117.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	204.5M	408.7M	705.4M	740.7M
Total Revenue	271.9M	526.9M	872M	915.6M

Gross Profit Total Revenue

Hims Hers fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Inventory	Other Current Assets	Other Stockholder Equity	Total Current Assets	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total
Other Current Liab		0.92	0.81	-0.75	0.59	0.75	0.77	0.72	0.69	0.77	0.9	0.88	0.73	0.84	-0.45	0.54	0.67	-0.84	0.89	0.85	0.16	0.92	-0.83	0.83	0.89	-0.82
Total Current Liabilities	0.92		0.91	-0.81	0.84	0.52	0.86	0.87	0.83	0.89	0.92	0.94	0.83	0.9	-0.4	0.69	0.77	-0.9	0.98	0.94	0.26	0.93	-0.9	0.92	0.87	-0.9
Net Tangible Assets	0.81	0.91		-0.89	0.84	0.41	0.91	0.9	0.95	1.0	0.9	0.95	0.77	0.98	-0.42	0.73	0.79	-0.91	0.89	0.95	0.32	0.92	-0.98	0.95	0.9	-0.99
Retained Earnings	-0.75	-0.81	-0.89		-0.79	-0.29	-0.96	-0.91	-0.96	-0.9	-0.93	-0.93	-0.9	-0.96	0.68	-0.8	-0.84	0.91	-0.87	-0.93	0.0	-0.91	0.95	-0.94	-0.89	0.9
Accounts Payable	0.59	0.84	0.84	-0.79		0.05	0.81	0.94	0.88	0.86	0.79	0.85	0.81	0.83	-0.32	0.72	0.72	-0.78	0.86	0.88	0.27	0.77	-0.83	0.88	0.69	-0.84
Other Assets	0.75	0.52	0.41	-0.29	0.05		0.25	0.25	0.19	0.34	0.55	0.5	0.25	0.42	-0.3	-0.09	0.09	-0.33	0.41	0.45	0.02	0.59	-0.43	0.44	0.65	-0.41
Net Receivables	0.77	0.86	0.91	-0.96	0.81	0.25		0.86	0.95	0.92	0.89	0.91	0.9	0.95	-0.61	0.91	0.95	-0.98	0.92	0.9	0.08	0.9	-0.94	0.9	0.85	-0.9
Inventory	0.72	0.87	0.9	-0.91	0.94	0.25	0.86		0.94	0.91	0.92	0.95	0.86	0.93	-0.47	0.67	0.7	-0.82	0.88	0.97	0.18	0.89	-0.94	0.97	0.85	-0.92
Other Current Assets	0.69	0.83	0.95	-0.96	0.88	0.19	0.95	0.94		0.97	0.87	0.92	0.84	0.97	-0.51	0.82	0.84	-0.9	0.86	0.94	0.2	0.88	-0.97	0.94	0.85	-0.95
Other Stockholder Equity	0.77	0.89	1.0	-0.9	0.86	0.34	0.92	0.91	0.97		0.88	0.93	0.77	0.98	-0.41	0.75	0.8	-0.9	0.88	0.95	0.33	0.9	-0.98	0.95	0.88	-0.99
Total Current Assets	0.9	0.92	0.9	-0.93	0.79	0.55	0.89	0.92	0.87	0.88		0.99	0.91	0.95	-0.66	0.64	0.73	-0.89	0.94	0.97	-0.01	0.99	-0.95	0.97	0.97	-0.9
Total Assets	0.88	0.94	0.95	-0.93	0.85	0.5	0.91	0.95	0.92	0.93	0.99		0.89	0.97	-0.59	0.68	0.76	-0.91	0.95	0.99	0.1	0.99	-0.98	0.99	0.97	-0.95
Short Long Term Debt Total	0.73	0.83	0.77	-0.9	0.81	0.25	0.9	0.86	0.84	0.77	0.91	0.89		0.84	-0.77	0.79	0.84	-0.9	0.92	0.87	-0.24	0.89	-0.83	0.87	0.83	-0.75
Total Stockholder Equity	0.84	0.9	0.98	-0.96	0.83	0.42	0.95	0.93	0.97	0.98	0.95	0.97	0.84		-0.54	0.75	0.81	-0.93	0.91	0.97	0.2	0.96	-1.0	0.98	0.94	-0.98
Other Liab	-0.45	-0.4	-0.42	0.68	-0.32	-0.3	-0.61	-0.47	-0.51	-0.41	-0.66	-0.59	-0.77	-0.54		-0.48	-0.54	0.59	-0.54	-0.52	0.72	-0.64	0.53	-0.54	-0.67	0.38
Property Plant And Equipment Net	0.54	0.69	0.73	-0.8	0.72	-0.09	0.91	0.67	0.82	0.75	0.64	0.68	0.79	0.75	-0.48		0.98	-0.9	0.79	0.68	0.07	0.66	-0.72	0.66	0.56	-0.7
Current Deferred Revenue	0.67	0.77	0.79	-0.84	0.72	0.09	0.95	0.7	0.84	0.8	0.73	0.76	0.84	0.81	-0.54	0.98		-0.96	0.86	0.75	0.06	0.76	-0.79	0.73	0.67	-0.76
Net Debt	-0.84	-0.9	-0.91	0.91	-0.78	-0.33	-0.98	-0.82	-0.9	-0.9	-0.89	-0.91	-0.9	-0.93	0.59	-0.9	-0.96		-0.95	-0.89	-0.08	-0.91	0.91	-0.88	-0.85	0.88
Cash	0.89	0.98	0.89	-0.87	0.86	0.41	0.92	0.88	0.86	0.88	0.94	0.95	0.92	0.91	-0.54	0.79	0.86	-0.95		0.94	0.1	0.94	-0.9	0.92	0.87	-0.87
Non Current Assets Total	0.85	0.94	0.95	-0.93	0.88	0.45	0.9	0.97	0.94	0.95	0.97	0.99	0.87	0.97	-0.52	0.68	0.75	-0.89	0.94		0.17	0.97	-0.98	1.0	0.94	-0.96
Non Currrent Assets Other	0.16	0.26	0.32	0.0	0.27	0.02	0.08	0.18	0.2	0.33	-0.01	0.1	-0.24	0.2	0.72	0.07	0.06	-0.08	0.1	0.17		0.03	-0.21	0.15	0.0	-0.37
Cash And Short Term Investments	0.92	0.93	0.92	-0.91	0.77	0.59	0.9	0.89	0.88	0.9	0.99	0.99	0.89	0.96	-0.64	0.66	0.76	-0.91	0.94	0.97	0.03		-0.96	0.97	0.99	-0.92
Common Stock Total Equity	-0.83	-0.9	-0.98	0.95	-0.83	-0.43	-0.94	-0.94	-0.97	-0.98	-0.95	-0.98	-0.83	-1.0	0.53	-0.72	-0.79	0.91	-0.9	-0.98	-0.21	-0.96		-0.98	-0.94	0.99
Common Stock Shares Outstanding	0.83	0.92	0.95	-0.94	0.88	0.44	0.9	0.97	0.94	0.95	0.97	0.99	0.87	0.98	-0.54	0.66	0.73	-0.88	0.92	1.0	0.15	0.97	-0.98		0.95	-0.96
Short Term Investments	0.89	0.87	0.9	-0.89	0.69	0.65	0.85	0.85	0.85	0.88	0.97	0.97	0.83	0.94	-0.67	0.56	0.67	-0.85	0.87	0.94	0.0	0.99	-0.94	0.95		-0.9
Non Current Liabilities Total	-0.82	-0.9	-0.99	0.9	-0.84	-0.41	-0.9	-0.92	-0.95	-0.99	-0.9	-0.95	-0.75	-0.98	0.38	-0.7	-0.76	0.88	-0.87	-0.96	-0.37	-0.92	0.99	-0.96	-0.9

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Hims Hers Account Relationship Matchups

Hims Hers fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	11.1M	1.6M	55.0M	12.4M	36.4M	21.5M
Total Current Liabilities	20.6M	15.2M	79.2M	47.9M	88.5M	50.5M
Net Tangible Assets	(141.1M)	(149.8M)	197.8M	170.8M	196.4M	206.3M
Retained Earnings	(153.2M)	(171.3M)	(279.0M)	(344.6M)	(368.2M)	(386.6M)
Accounts Payable	7.2M	8.1M	19.6M	32.4M	43.1M	22.7M
Other Assets	963K	1.0M	8.8M	888K	1.0	0.95
Net Receivables	859K	1.1M	3.6M	3.2M	5.7M	6.0M
Inventory	4.2M	3.5M	13.6M	21.6M	22.5M	12.7M
Other Current Assets	480K	171K	9.1M	15.4M	15.9M	16.7M
Other Stockholder Equity	(173.4M)	(225.5M)	613.7M	656.6M	712.3M	747.9M
Total Current Assets	69.6M	113.1M	269.9M	216.6M	265.1M	180.0M

Pair Trading with Hims Hers

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 Hims Hers 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 Hims Hers will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hims Stock

0.72

Guardant Health

Pair Corr

Moving against Hims Stock

0.69	VERO	Venus Concept	Pair Corr
0.65	EDAP	EDAP TMS SA	Pair Corr
0.59	MD	Mednax Inc	Pair Corr
0.59	DYNT	Dynatronics Fiscal Year End 26th of September 2024	Pair Corr
0.42	DXCM	DexCom Inc	Pair Corr

The ability to find closely correlated positions to Hims Hers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hims Hers 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 Hims Hers - 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 Hims Hers Health to buy it.

The correlation of Hims Hers 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 Hims Hers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hims Hers Health 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 Hims Hers 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.

Pair Correlation Correlation Matching

Additional Tools for Hims Stock Analysis

When running Hims Hers' price analysis, check to measure Hims Hers' 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 Hims Hers is operating at the current time. Most of Hims Hers' value examination focuses on studying past and present price action to predict the probability of Hims Hers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hims Hers' price. Additionally, you may evaluate how the addition of Hims Hers to your portfolios can decrease your overall portfolio volatility.

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