Health Advance Current Valuation vs. Shares Outstanding
| HADVDelisted Stock | USD 0 0.00 0.00% |
For Health Advance profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Health Advance to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Health Advance utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Health Advance's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Health Advance over time as well as its relative position and ranking within its peers.
Health |
Health Advance Shares Outstanding vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Health Advance's current stock value. Our valuation model uses many indicators to compare Health Advance value to that of its competitors to determine the firm's financial worth. Health Advance is rated as one of the top companies in current valuation category among related companies. It is one of the top stocks in shares outstanding category among related companies creating about 142.00 of Shares Outstanding per Current Valuation. Comparative valuation analysis is a catch-all model that can be used if you cannot value Health Advance by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Health Advance's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Health Advance's earnings, one of the primary drivers of an investment's value.Health Current Valuation vs. Competition
Health Advance is rated as one of the top companies in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Pharmaceutical Retailers industry is currently estimated at about 10.98 Million. Health Advance holds roughly 1.08 Million in current valuation claiming about 10% of equities listed under Pharmaceutical Retailers industry.
Health Shares Outstanding vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Health Advance |
| = | 1.08 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Health Advance |
| = | 153.9 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Health Shares Outstanding Comparison
Health Advance is currently under evaluation in shares outstanding category among related companies.
Health Advance Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Health Advance, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Health Advance will eventually generate negative long term returns. The profitability progress is the general direction of Health Advance's change in net profit over the period of time. It can combine multiple indicators of Health Advance, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Health Advance Inc., a development stage company, operates as an on-line retailer of home medical products in Canada and the United States. Health Advance Inc. was founded in 2010 and is based in Las Vegas, Nevada. Health Advance operates under Pharmaceutical Retailers classification in the United States and is traded on OTC Exchange. It employs 3 people.
Health Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Health Advance. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Health Advance position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Health Advance's important profitability drivers and their relationship over time.
Use Health Advance in pair-trading
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 Health Advance 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 Health Advance will appreciate offsetting losses from the drop in the long position's value.Health Advance Pair Trading
Health Advance Pair Trading Analysis
The ability to find closely correlated positions to Health Advance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Health Advance 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 Health Advance - 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 Health Advance to buy it.
The correlation of Health Advance 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 Health Advance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Health Advance 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 Health Advance 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.Use Investing Themes to Complement your Health Advance position
In addition to having Health Advance in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Small and mid-cap equities that are involved in production and delivery of Marijuana products. This theme is designed for investors that are willing to accept higher levels of market risk inherited by Marijuana production in the United States. The Marijuana theme has 49 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Marijuana Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Health Advance information on this page should be used as a complementary analysis to other Health Advance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Other Consideration for investing in Health Pink Sheet
If you are still planning to invest in Health Advance check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Health Advance's history and understand the potential risks before investing.
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