Absolute Health And Stock Beta
| AHFI Stock | USD 0.0001 0.00 0.00% |
Absolute Health and fundamentals help investors to digest information that contributes to Absolute Health's financial success or failures. It also enables traders to predict the movement of Absolute Pink Sheet. The fundamental analysis module provides a way to measure Absolute Health's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Absolute Health pink sheet.
Absolute |
Absolute Health and Company Beta Analysis
Absolute Health's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Absolute Health Beta | 345.39 |
Most of Absolute Health's fundamental indicators, such as Beta, 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, Absolute Health and is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Absolute Health and has a Beta of 345. This is much higher than that of the Financial Services sector and significantly higher than that of the Shell Companies industry. The beta for all United States stocks is notably lower than that of the firm.
Absolute Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Absolute Health's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Absolute Health could also be used in its relative valuation, which is a method of valuing Absolute Health by comparing valuation metrics of similar companies.Absolute Health is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Absolute Health will likely underperform.
Absolute Fundamentals
| Shares Outstanding | 64.22 M | |||
| Beta | 345.39 | |||
| Market Capitalization | 147.2 K |
About Absolute Health Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Absolute Health and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Absolute Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Absolute Health and based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in Absolute Pink Sheet
Absolute Health financial ratios help investors to determine whether Absolute Pink Sheet 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 Absolute with respect to the benefits of owning Absolute Health security.