Hyperfine Capex To Revenue vs Price To Sales Ratio Analysis
| HYPR Stock | USD 1.02 0.04 4.08% |
Hyperfine financial indicator trend analysis is much more than just examining Hyperfine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Hyperfine is a good investment. Please check the relationship between Hyperfine Capex To Revenue and its Price To Sales Ratio accounts. 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.
Capex To Revenue vs Price To Sales Ratio
Capex To Revenue vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Hyperfine Capex To Revenue account and Price To Sales Ratio. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Hyperfine's Capex To Revenue and Price To Sales Ratio is 0.92. Overlapping area represents the amount of variation of Capex To Revenue that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Hyperfine, assuming nothing else is changed. The correlation between historical values of Hyperfine's Capex To Revenue and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Revenue of Hyperfine are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Capex To Revenue i.e., Hyperfine's Capex To Revenue and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.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.Most indicators from Hyperfine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Hyperfine current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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.As of 11/24/2024, Selling General Administrative is likely to drop to about 20.2 M. Issuance Of Capital Stock is expected to grow at the current pace this year
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 18K | 761K | 3.5M | 3.7M | Net Interest Income | 18K | 761K | 3.5M | 3.7M |
Hyperfine fundamental ratios 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.