Healthequity Stock Market Value
HQY Stock | USD 79.20 0.67 0.84% |
Symbol | HealthEquity |
HealthEquity Price To Book Ratio
Is HealthEquity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HealthEquity. If investors know HealthEquity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HealthEquity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share 0.64 | Revenue Per Share 11.682 | Quarterly Revenue Growth 0.122 | Return On Assets 0.0256 |
The market value of HealthEquity is measured differently than its book value, which is the value of HealthEquity that is recorded on the company's balance sheet. Investors also form their own opinion of HealthEquity's value that differs from its market value or its book value, called intrinsic value, which is HealthEquity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HealthEquity's market value can be influenced by many factors that don't directly affect HealthEquity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HealthEquity's value and its price as these two are different measures arrived at by different means. Investors typically determine if HealthEquity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HealthEquity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
HealthEquity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to HealthEquity's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of HealthEquity.
10/27/2023 |
| 04/24/2024 |
If you would invest 0.00 in HealthEquity on October 27, 2023 and sell it all today you would earn a total of 0.00 from holding HealthEquity or generate 0.0% return on investment in HealthEquity over 180 days. HealthEquity is related to or competes with Health Catalyst, Privia Health, and CareMax. HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States More
HealthEquity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure HealthEquity's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess HealthEquity upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 1.34 | |||
Information Ratio | 0.0341 | |||
Maximum Drawdown | 6.23 | |||
Value At Risk | (2.11) | |||
Potential Upside | 2.43 |
HealthEquity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HealthEquity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HealthEquity's standard deviation. In reality, there are many statistical measures that can use HealthEquity historical prices to predict the future HealthEquity's volatility.Risk Adjusted Performance | 0.0696 | |||
Jensen Alpha | 0.1048 | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | 0.0351 | |||
Treynor Ratio | 0.4082 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HealthEquity's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
HealthEquity Backtested Returns
We consider HealthEquity very steady. HealthEquity holds Efficiency (Sharpe) Ratio of 0.0449, which attests that the entity had a 0.0449% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for HealthEquity, which you can use to evaluate the volatility of the firm. Please check out HealthEquity's risk adjusted performance of 0.0696, and Market Risk Adjusted Performance of 0.4182 to validate if the risk estimate we provide is consistent with the expected return of 0.0604%. HealthEquity has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HealthEquity's returns are expected to increase less than the market. However, during the bear market, the loss of holding HealthEquity is expected to be smaller as well. HealthEquity right now retains a risk of 1.34%. Please check out HealthEquity value at risk, and the relationship between the information ratio and kurtosis , to decide if HealthEquity will be following its current trending patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
HealthEquity has insignificant reverse predictability. Overlapping area represents the amount of predictability between HealthEquity time series from 27th of October 2023 to 25th of January 2024 and 25th of January 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HealthEquity price movement. The serial correlation of -0.18 indicates that over 18.0% of current HealthEquity price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.18 | |
Spearman Rank Test | -0.23 | |
Residual Average | 0.0 | |
Price Variance | 3.95 |
HealthEquity lagged returns against current returns
Autocorrelation, which is HealthEquity stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting HealthEquity's stock expected returns. We can calculate the autocorrelation of HealthEquity returns to help us make a trade decision. For example, suppose you find that HealthEquity has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
Timeline |
HealthEquity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If HealthEquity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HealthEquity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HealthEquity stock over time.
Current vs Lagged Prices |
Timeline |
HealthEquity Lagged Returns
When evaluating HealthEquity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HealthEquity stock have on its future price. HealthEquity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, HealthEquity autocorrelation shows the relationship between HealthEquity stock current value and its past values and can show if there is a momentum factor associated with investing in HealthEquity.
Regressed Prices |
Timeline |
HealthEquity Investors Sentiment
The influence of HealthEquity's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in HealthEquity. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to HealthEquity's public news can be used to forecast risks associated with an investment in HealthEquity. The trend in average sentiment can be used to explain how an investor holding HealthEquity can time the market purely based on public headlines and social activities around HealthEquity. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
HealthEquity's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for HealthEquity's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average HealthEquity's news discussions. The higher the estimated score, the more favorable is the investor's outlook on HealthEquity.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards HealthEquity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, HealthEquity's short interest history, or implied volatility extrapolated from HealthEquity options trading.
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Try AI Portfolio ArchitectCheck out HealthEquity Correlation, HealthEquity Volatility and HealthEquity Alpha and Beta module to complement your research on HealthEquity. For more information on how to buy HealthEquity Stock please use our How to Invest in HealthEquity guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for HealthEquity Stock analysis
When running HealthEquity's price analysis, check to measure HealthEquity's 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 HealthEquity is operating at the current time. Most of HealthEquity's value examination focuses on studying past and present price action to predict the probability of HealthEquity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HealthEquity's price. Additionally, you may evaluate how the addition of HealthEquity to your portfolios can decrease your overall portfolio volatility.
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HealthEquity technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.