Hyperfine Historical Financial Ratios
| HYPR Stock | USD 1.02 0.04 4.08% |
Hyperfine is recently reporting on over 94 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.99 or Days Sales Outstanding of 178 will help investors to properly organize and evaluate Hyperfine financial condition quickly.
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About Hyperfine Financial Ratios Analysis
HyperfineFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Hyperfine investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Hyperfine financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Hyperfine history.
Hyperfine Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Hyperfine stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Hyperfine sales, a figure that is much harder to manipulate than other Hyperfine multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Hyperfine. There are two different methods for calculating Hyperfine invested capital: operating approach and financing approach. Understanding Hyperfine invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.Free Cash Flow Per Share
The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.Payout Ratio
Payout Ratio is the proportion of Hyperfine earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Hyperfine dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Hyperfine is paying out more in dividends than it makes in net income.Most ratios from Hyperfine's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Hyperfine current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Current Ratio is relatively stable compared to the past year. As of 11/24/2024, Tangible Book Value Per Share is likely to grow to 1.24, while Operating Cash Flow Per Share is likely to drop (0.62).
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 1.18 | 8.71 | 5.17 | 3.18 | Days Of Inventory On Hand | 590.74 | 285.6 | 382.86 | 569.94 |
Hyperfine fundamentals 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
| 0.66 | FOXO | FOXO Technologies | PairCorr |
| 0.58 | DOCS | Doximity | PairCorr |
| 0.56 | ITGR | Integer Holdings Corp | PairCorr |
| 0.5 | VMD | Viemed Healthcare | PairCorr |
| 0.48 | VEEV | Veeva Systems Class | 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.