Hyperfine Historical Balance Sheet
| HYPR Stock | USD 1.01 0.03 3.06% |
Trend analysis of Hyperfine balance sheet accounts such as Total Current Liabilities of 8.6 M or Total Stockholder Equity of 64.6 M provides information on Hyperfine's total assets, liabilities, and equity, which is the actual value of Hyperfine to its prevalent stockholders. By breaking down trends over time using Hyperfine balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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 Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Hyperfine at a specified time, usually calculated after every quarter, six months, or one year. Hyperfine Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Hyperfine and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Hyperfine currently owns. An asset can also be divided into two categories, current and non-current.
Hyperfine Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Hyperfine assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Hyperfine books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Hyperfine balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Hyperfine are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most accounts from Hyperfine's balance sheet are interrelated and interconnected. However, analyzing balance sheet 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 balance sheet 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 Other Current Assets are relatively stable compared to the past year. As of 12/01/2024, Total Current Assets is likely to grow to about 112.5 M, while Total Stockholder Equity is likely to drop slightly above 64.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 13.5M | 8.1M | 5.9M | 6.5M | Total Assets | 202.5M | 134.1M | 94.2M | 117.2M |
Hyperfine balance sheet 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
| 0.53 | LH | Laboratory | PairCorr |
| 0.52 | MD | Mednax Inc | PairCorr |
| 0.47 | DOCS | Doximity | PairCorr |
| 0.45 | ELMD | Electromed | PairCorr |
| 0.4 | 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.