HealthEquity Story

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HQY -- USA Stock  

USD 47.19  0.61  1.28%

24% of stocks are less volatile than HealthEquity, and above 99% of all equities are expected to generate higher returns over the next 60 days. While some of us are excited about healthcare space, it makes sense to break down HealthEquity in greater detail to make a better estimate of its risk and reward. We will inspect how risky is to take a position in HealthEquity at this time. HealthEquity's low volatility may still impact the value of the stock as we estimate it as currently fairly valued. The real value, based on our analysis, is getting close to 56.13 per share.
Published over two weeks ago
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Will HealthEquity (NASDAQ:HQY) current volatility force investors to bail out?
HealthEquity has roughly 171.09 M in cash with 94.7 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.4.
Volatility is a rate at which the price of HealthEquity or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of HealthEquity may increase or decrease. In other words, similar to HealthEquity's beta indicator, it measures the risk of HealthEquity and helps estimate the fluctuations that may happen in a short period of time. So if prices of HealthEquity fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility. Please read more on our technical analysis page.

How important is HealthEquity's Liquidity

HealthEquity financial leverage refers to using borrowed capital as a funding source to finance HealthEquity ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. HealthEquity 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 HealthEquity's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for HealthEquity, but it might be worth checking our own buy vs. sell analysis

HealthEquity Volatility Drivers

HealthEquity unsystematic risk is unique to HealthEquity and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in HealthEquity you can also buy Evolent Health. You can also mitigate this risk by investing in the health information services sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing HealthEquity important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in HealthEquity income statement and balance sheet. Here are more details about HealthEquity volatility.
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