Haoxi Health Financial Statements From 2010 to 2024
| HAO Etf | USD 0.25 0.02 8.70% |
Profit Margin 0.0266 | Market Capitalization 12.3 M | Enterprise Value Revenue 0.1412 | Revenue 48.5 M | Earnings Share 0.04 |
Check Haoxi Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Haoxi Health's main balance sheet or income statement drivers, such as , as well as many indicators such as . Haoxi financial statements analysis is a perfect complement when working with Haoxi Health Valuation or Volatility modules.
Haoxi |
Haoxi Health Technology ETF Price To Sales Analysis
Haoxi Health's Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Current Haoxi Health Price To Sales | 0.25 X |
Most of Haoxi Health's fundamental indicators, such as Price To Sales, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Haoxi Health Technology is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
| Competition |
Based on the latest financial disclosure, Haoxi Health Technology has a Price To Sales of 0.2536 times. This is much higher than that of the Media family and significantly higher than that of the Communication Services category. The price to sales for all United States etfs is notably lower than that of the firm.
Haoxi Health Technology Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Haoxi Health's current stock value. Our valuation model uses many indicators to compare Haoxi Health value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Haoxi Health competition to find correlations between indicators driving Haoxi Health's intrinsic value. More Info.Haoxi Health Technology is rated # 5 ETF in price to earning as compared to similar ETFs. It is rated # 3 ETF in price to book as compared to similar ETFs fabricating about 0.10 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Haoxi Health Technology is roughly 9.97 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Haoxi Health's earnings, one of the primary drivers of an investment's value.About Haoxi Health Financial Statements
Haoxi Health investors utilize fundamental indicators, such as revenue or net income, to predict how Haoxi Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The investment seeks to track the investment results of the AlphaShares China Small Cap Index . Invesco China is traded on PCX Exchange in the United States.
Pair Trading with Haoxi Health
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Haoxi Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Haoxi Health will appreciate offsetting losses from the drop in the long position's value.Moving against Haoxi Etf
| 0.84 | SE | Sea | PairCorr |
| 0.78 | TV | Grupo Televisa SAB | PairCorr |
| 0.75 | CHR | Cheer Holding | PairCorr |
| 0.61 | CURIW | CuriosityStream | PairCorr |
| 0.6 | BOC | Boston Omaha Corp | PairCorr |
The ability to find closely correlated positions to Haoxi Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haoxi Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Haoxi Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Haoxi Health Technology to buy it.
The correlation of Haoxi Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Haoxi Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haoxi Health Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Haoxi Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Haoxi Etf
Haoxi Health financial ratios help investors to determine whether Haoxi Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Haoxi with respect to the benefits of owning Haoxi Health security.