Hyperfine Historical Income Statement
| HYPR Stock | USD 0.98 0.02 2.00% |
Historical analysis of Hyperfine income statement accounts such as Interest Income of 3.7 M or Depreciation And Amortization of 709.5 K can show how well Hyperfine performed in making a profits. Evaluating Hyperfine income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hyperfine's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Hyperfine latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hyperfine is a good buy for the upcoming year.
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About Hyperfine Income Statement Analysis
Hyperfine Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hyperfine shareholders. The income statement also shows Hyperfine investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Hyperfine Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hyperfine. It is also known as Hyperfine overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Hyperfine's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hyperfine current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hyperfine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. To learn how to invest in Hyperfine Stock, please use our How to Invest in Hyperfine guide.At this time, Hyperfine's Income Tax Expense is relatively stable compared to the past year.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 18K | 761K | 3.5M | 3.7M | Net Interest Income | 18K | 761K | 3.5M | 3.7M |
Hyperfine income statement Correlations
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Hyperfine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Hyperfine
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 Hyperfine 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 Hyperfine will appreciate offsetting losses from the drop in the long position's value.Moving against Hyperfine Stock
| 0.54 | MD | Mednax Inc | PairCorr |
| 0.52 | LH | Laboratory | PairCorr |
| 0.51 | DOCS | Doximity Sell-off Trend | PairCorr |
| 0.51 | ELMD | Electromed | PairCorr |
| 0.41 | OM | Outset Medical | PairCorr |
The ability to find closely correlated positions to Hyperfine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyperfine 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 Hyperfine - 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 Hyperfine to buy it.
The correlation of Hyperfine 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 Hyperfine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyperfine 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 Hyperfine 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.Additional Tools for Hyperfine Stock Analysis
When running Hyperfine's price analysis, check to measure Hyperfine'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 Hyperfine is operating at the current time. Most of Hyperfine's value examination focuses on studying past and present price action to predict the probability of Hyperfine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hyperfine's price. Additionally, you may evaluate how the addition of Hyperfine to your portfolios can decrease your overall portfolio volatility.