Healthequity Stock Market Value
| HQY Stock | USD 104.25 0.40 0.38% |
| Symbol | HealthEquity |
HealthEquity Price To Book Ratio
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HealthEquity. If investors know HealthEquity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HealthEquity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.333 | Earnings Share 1.2 | Revenue Per Share 12.733 | Quarterly Revenue Growth 0.231 | Return On Assets 0.034 |
The market value of HealthEquity is measured differently than its book value, which is the value of HealthEquity that is recorded on the company's balance sheet. Investors also form their own opinion of HealthEquity's value that differs from its market value or its book value, called intrinsic value, which is HealthEquity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HealthEquity's market value can be influenced by many factors that don't directly affect HealthEquity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HealthEquity's value and its price as these two are different measures arrived at by different means. Investors typically determine if HealthEquity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HealthEquity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
HealthEquity 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to HealthEquity's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of HealthEquity.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in HealthEquity on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding HealthEquity or generate 0.0% return on investment in HealthEquity over 30 days. HealthEquity is related to or competes with Ollies Bargain, Appfolio, Grand Canyon, and Globus Medical. HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States More
HealthEquity Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure HealthEquity's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess HealthEquity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | 0.1733 | |||
| Maximum Drawdown | 15.16 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 3.46 |
HealthEquity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HealthEquity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HealthEquity's standard deviation. In reality, there are many statistical measures that can use HealthEquity historical prices to predict the future HealthEquity's volatility.| Risk Adjusted Performance | 0.184 | |||
| Jensen Alpha | 0.2939 | |||
| Total Risk Alpha | 0.1565 | |||
| Sortino Ratio | 0.2174 | |||
| Treynor Ratio | 0.2837 |
HealthEquity Backtested Returns
HealthEquity appears to be very steady, given 3 months investment horizon. HealthEquity holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of standard deviation over the last 3 months. By evaluating HealthEquity's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize HealthEquity's market risk adjusted performance of 0.2937, and Risk Adjusted Performance of 0.184 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HealthEquity holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of 1.8, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HealthEquity will likely underperform. Please check HealthEquity's value at risk, and the relationship between the standard deviation and kurtosis , to make a quick decision on whether HealthEquity's current trending patterns will revert.
Auto-correlation | 0.69 |
Good predictability
HealthEquity has good predictability. Overlapping area represents the amount of predictability between HealthEquity time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HealthEquity price movement. The serial correlation of 0.69 indicates that around 69.0% of current HealthEquity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 9.94 |
HealthEquity lagged returns against current returns
Autocorrelation, which is HealthEquity stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting HealthEquity's stock expected returns. We can calculate the autocorrelation of HealthEquity returns to help us make a trade decision. For example, suppose you find that HealthEquity has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
HealthEquity regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If HealthEquity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HealthEquity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HealthEquity stock over time.
Current vs Lagged Prices |
| Timeline |
HealthEquity Lagged Returns
When evaluating HealthEquity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HealthEquity stock have on its future price. HealthEquity autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, HealthEquity autocorrelation shows the relationship between HealthEquity stock current value and its past values and can show if there is a momentum factor associated with investing in HealthEquity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for HealthEquity Stock Analysis
When running HealthEquity's price analysis, check to measure HealthEquity'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 HealthEquity is operating at the current time. Most of HealthEquity's value examination focuses on studying past and present price action to predict the probability of HealthEquity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HealthEquity's price. Additionally, you may evaluate how the addition of HealthEquity to your portfolios can decrease your overall portfolio volatility.