Healthcare Story

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HCSG -- USA Stock  

USD 23.60  0.23  0.97%

It looks as if Healthcare Services may not have a good chance to recover from the latest dip as its shares fell again. The company's current daily volatility is 2.88 percent, with a beta of 0.82 and an alpha of -0.11 over DOW. Whilst many millenniums are getting more into investing against high market volatility, it is quite pruden to digest Healthcare Services Group based on its historical prices. We will cover the possibilities of making Healthcare Services into a steady grower in November.
Published over a week ago
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Will Healthcare Services (NASDAQ:HCSG) volatility surge before November
Healthcare Services Group currently holds roughly 170.43 M in cash with 165.62 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.29. The company retains a Market Volatility (i.e. Beta) of 0.8243, which attests to possible diversification benefits within a given portfolio. Let's try to break down what Healthcare's beta means in this case. As returns on the market increase, Healthcare Services returns are expected to increase less than the market. However, during the bear market, the loss on holding Healthcare Services will be expected to be smaller as well. Even though it is essential to pay attention to Healthcare Services current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy in determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Healthcare Services exposes twenty-one different technical indicators, which can help you to evaluate its performance. Healthcare Services has an expected return of -0.06%. Please be advised to check out Healthcare Services information ratio, and the relationship between the downside deviation and value at risk to decide if Healthcare Services stock performance from the past will be repeated at some point in the near future.
Investing in Healthcare Services, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding Healthcare Services along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

How important is Healthcare Services's Liquidity

Healthcare Services financial leverage refers to using borrowed capital as a funding source to finance Healthcare Services Group ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Healthcare Services financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Healthcare Services's total debt and its cash.

How Healthcare utilizes its cash?

To perform a cash flow analysis of Healthcare Services, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Healthcare Services is receiving and how much cash it distributes out in a given period. The Healthcare Services cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Healthcare Services Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 93.58 Million

Healthcare Services Correlation with Peers

Investors in Healthcare can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in Healthcare Services Group. Diversification will allow for the same portfolio return with reduced risk. The correlation table of Healthcare Services and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities Healthcare is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of Healthcare for more details

Detailed Perspective On Healthcare Services

Healthcare Services holds Efficiency (Sharpe) Ratio of -0.0208, which attests that the entity had -0.0208% of return per unit of standard deviation over the last month. Macroaxis philosophy in determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Healthcare Services exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Healthcare Services risk adjusted performance of 0.0164, and Market Risk Adjusted Performance of 0.032 to validate the risk estimate we provide.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Will Healthcare price dip impact its balance sheet?

Latest Treynor Ratio is up to 0.02. Price may dip again. Healthcare Services Group exhibits above-average semi-deviation for your current time horizon. We encourage investors to investigate Healthcare Services Group individually to make sure intended market timing strategies and available technical indicagtors are consistent with their estimates about Healthcare Services future systematic risk.

Our Final Perspective on Healthcare Services

Although many other companies in the medical care facilities industry are either recovering or due for a correction, Healthcare Services may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of the 12th of October 2020, we believe that at this point, Healthcare Services is not too volatile with very low odds of financial distress within the next 2 years. From a slightly different point of view, the entity appears to be overvalued. Our up-to-date 30 days buy-hold-sell advice on the firm is Cautious Hold.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Healthcare Services Group. Please refer to our Terms of Use for any information regarding our disclosure principles.

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