Healthcare Competitors
| HCSG Stock | USD 22.28 3.04 15.80% |
Healthcare Services vs Zenas BioPharma Correlation
Good diversification
The correlation between Healthcare Services Group and ZBIO is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Healthcare Services Group and ZBIO in the same portfolio, assuming nothing else is changed.
Moving together with Healthcare Stock
Moving against Healthcare Stock
The Healthcare Services' current Return On Tangible Assets is estimated to increase to 0.08. The Healthcare Services' current Return On Capital Employed is estimated to increase to 0.12. At this time, Healthcare Services' Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The Healthcare Services' current Other Current Assets is estimated to increase to about 26.3 M, while Net Tangible Assets are projected to decrease to roughly 324.8 M.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Healthcare Services' 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.
Healthcare Services Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Healthcare Services and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Healthcare and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Healthcare Services does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Healthcare Stock performing well and Healthcare Services Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Healthcare Services' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| USPH | 1.56 | 0.11 | 0.06 | 0.19 | 1.81 | 3.72 | 10.34 | |||
| PNTG | 1.58 | 0.40 | 0.15 | 0.76 | 1.95 | 3.75 | 17.07 | |||
| AHCO | 1.68 | 0.03 | (0.01) | 0.16 | 2.23 | 4.17 | 12.80 | |||
| SEM | 1.17 | 0.21 | 0.20 | 0.27 | 0.77 | 2.25 | 13.50 | |||
| CNMD | 1.86 | (0.12) | 0.00 | (0.05) | 0.00 | 3.36 | 14.72 | |||
| NEOG | 2.44 | 0.83 | 0.34 | 0.63 | 1.68 | 5.96 | 34.17 | |||
| GDRX | 2.15 | (0.63) | 0.00 | (0.34) | 0.00 | 3.44 | 15.98 | |||
| KMTS | 2.53 | 0.05 | 0.01 | 0.14 | 3.83 | 4.70 | 20.54 | |||
| NVAX | 3.07 | 0.17 | 0.07 | 0.20 | 2.98 | 6.10 | 26.98 | |||
| ZBIO | 5.59 | 0.15 | (0.01) | (0.02) | 11.47 | 9.05 | 68.95 |
Cross Equities Net Income Analysis
Compare Healthcare Services and related stocks such as US Physicalrapy, Pennant Group, and Adapthealth Corp Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| USPH | (200 K) | 21 M | 17.9 M | 12.7 M | 19.8 M | 22.3 M | 20.6 M | 22.3 M | 10.1 M | 28.1 M | 30.6 M | 27.8 M | 28.3 M | 14.7 M | 26.5 M | 30.4 M | 32 M |
| PNTG | 7.9 M | 7.9 M | 7.9 M | 7.9 M | 7.9 M | 7.9 M | 7.9 M | 9.9 M | 15.7 M | 2.5 M | 15.7 M | 2.7 M | 6.6 M | 13.4 M | 22.6 M | 25.9 M | 27.2 M |
| AHCO | (3.8 M) | (3.8 M) | (3.8 M) | (3.8 M) | (3.8 M) | (3.8 M) | (3.8 M) | (690) | 2.1 M | (21.3 M) | (161.6 M) | 156.2 M | 69.3 M | (678.9 M) | 90.4 M | 81.4 M | 85.4 M |
| SEM | (27.9 M) | 107.8 M | 148.2 M | 114.4 M | 120.6 M | 130.7 M | 115.4 M | 177.2 M | 137.8 M | 148.4 M | 259 M | 402.2 M | 159 M | 243.5 M | 214 M | 246.1 M | 151.6 M |
| CNMD | 700 K | 752 K | 40.5 M | 35.9 M | 32.2 M | 30.5 M | 14.7 M | 55.5 M | 40.9 M | 28.6 M | 9.5 M | 62.5 M | (80.6 M) | 64.5 M | 132.4 M | 47.1 M | 24.4 M |
| NEOG | (1.1 M) | 22.5 M | 27.2 M | 28.2 M | 33.5 M | 36.6 M | 43.8 M | 63.1 M | 60.2 M | 59.5 M | 60.9 M | 48.3 M | (22.9 M) | (9.4 M) | (1.1 B) | (982.8 M) | (933.7 M) |
| GDRX | (7.8 M) | (7.8 M) | (7.8 M) | (7.8 M) | (7.8 M) | (7.8 M) | (7.8 M) | 8.8 M | 43.8 M | 66 M | (293.6 M) | (25.3 M) | (32.8 M) | (8.9 M) | 16.4 M | 14.8 M | 15.5 M |
| KMTS | (29.5 M) | (29.5 M) | (29.5 M) | (29.5 M) | (29.5 M) | (29.5 M) | (29.5 M) | (29.5 M) | (29.5 M) | (29.5 M) | (34.1 M) | (84.2 M) | (84.2 M) | (94.1 M) | (113.8 M) | (102.4 M) | (107.6 M) |
| NVAX | (5.5 M) | (19.4 M) | (28.5 M) | (52 M) | (82.9 M) | (156.9 M) | (280 M) | (183.8 M) | (184.7 M) | (130.1 M) | (427.5 M) | (1.7 B) | (657.9 M) | (545.1 M) | (187.5 M) | (168.7 M) | (177.2 M) |
Healthcare Services and related stocks such as US Physicalrapy, Pennant Group, and Adapthealth Corp Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Healthcare Services financial statement analysis. It represents the amount of money remaining after all of Healthcare Services Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Healthcare Services Competitive Analysis
The better you understand Healthcare Services competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Healthcare Services' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Healthcare Services' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Healthcare Services Competition Performance Charts
Five steps to successful analysis of Healthcare Services Competition
Healthcare Services' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Healthcare Services in relation to its competition. Healthcare Services' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Healthcare Services in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Healthcare Services' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Healthcare Services, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your Healthcare Services position
In addition to having Healthcare Services 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?
Run Healthcare Thematic Idea Now
Healthcare
Companies that provide healthcare goods and services including hospitals, health maintenance organizations, HMOs, or medical aid manufacturers. The Healthcare theme has 20 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 Healthcare Theme or any other thematic opportunities.
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Check out Healthcare Services Correlation with its peers. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Can Commercial Services & Supplies industry sustain growth momentum? Does Healthcare have expansion opportunities? Factors like these will boost the valuation of Healthcare Services. Market participants price Healthcare higher when confident in its future expansion prospects. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Healthcare Services demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth 2.105 | Earnings Share 0.54 | Revenue Per Share | Quarterly Revenue Growth 0.085 | Return On Assets |
Investors evaluate Healthcare Services using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Healthcare Services' intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause Healthcare Services' market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Healthcare Services' value and its price as these two are different measures arrived at by different means. Investors typically determine if Healthcare Services is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Healthcare Services' market price signifies the transaction level at which participants voluntarily complete trades.