Healthcare Stock Alpha and Beta Analysis

HCSG Stock  USD 10.72  0.30  2.88%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Healthcare Services Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Healthcare Services over a specified time horizon. Remember, high Healthcare Services' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Sharpe Ratio
Expected Return
Please note that although Healthcare Services alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Healthcare Services did 0.45  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Healthcare Services Group stock's relative risk over its benchmark. Healthcare Services has a beta of 1.16  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Healthcare Services will likely underperform. The current Book Value per Share is estimated to increase to 5.96. The current Enterprise Value over EBIT is estimated to increase to 21.48.

Healthcare Services Quarterly Book Value per Share


Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Check out Healthcare Services Backtesting, Healthcare Services Valuation, Healthcare Services Correlation, Healthcare Services Hype Analysis, Healthcare Services Volatility, Healthcare Services History and analyze Healthcare Services Performance.

Healthcare Services Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Healthcare Services market risk premium is the additional return an investor will receive from holding Healthcare Services long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Healthcare Services. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Healthcare Services' performance over market.
α-0.45   β1.16

Healthcare Services expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Healthcare Services' Buy-and-hold return. Our buy-and-hold chart shows how Healthcare Services performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Healthcare Services Market Price Analysis

Market price analysis indicators help investors to evaluate how Healthcare Services stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Healthcare Services shares will generate the highest return on investment. By understating and applying Healthcare Services stock market price indicators, traders can identify Healthcare Services position entry and exit signals to maximize returns.

Healthcare Services Return and Market Media

The median price of Healthcare Services for the period between Wed, Jun 28, 2023 and Tue, Sep 26, 2023 is 12.64 with a coefficient of variation of 11.79. The daily time series for the period is distributed with a sample standard deviation of 1.51, arithmetic mean of 12.78, and mean deviation of 1.27. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
EPS Estimate
EPS Reported
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About Healthcare Services Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Healthcare or other stocks. Alpha measures the amount that position in Healthcare Services has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2022 2023 (projected)
Calculated Tax Rate23.1829.37
Interest Coverage20.621.14

Healthcare Services Upcoming Company Events

As portrayed in its financial statements, the presentation of Healthcare Services' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Healthcare Services' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Healthcare Services' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Healthcare Services. Please utilize our Beneish M Score to check the likelihood of Healthcare Services' management manipulating its earnings.
25th of October 2023
Upcoming Quarterly Report
21st of February 2024
Next Financial Report
30th of September 2023
Next Fiscal Quarter End
21st of February 2024
Next Fiscal Year End
30th of June 2023
Last Quarter Report
31st of December 2022
Last Financial Announcement

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When running Healthcare Services' price analysis, check to measure Healthcare Services' 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 Healthcare Services is operating at the current time. Most of Healthcare Services' value examination focuses on studying past and present price action to predict the probability of Healthcare Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Healthcare Services' price. Additionally, you may evaluate how the addition of Healthcare Services to your portfolios can decrease your overall portfolio volatility.
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Healthcare Services 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.
A focus of Healthcare Services technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Healthcare Services trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...