Digital Health Current Ratio vs. Number Of Shares Shorted
| DHACUDelisted Stock | USD 14.92 0.64 4.48% |
For Digital Health profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Digital Health to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Digital Health Acquisition utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Digital Health's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Digital Health Acquisition over time as well as its relative position and ranking within its peers.
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Digital Health Acqui Number Of Shares Shorted vs. Current Ratio Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Digital Health's current stock value. Our valuation model uses many indicators to compare Digital Health value to that of its competitors to determine the firm's financial worth. Digital Health Acquisition is one of the top stocks in current ratio category among its peers. It also is one of the top stocks in number of shares shorted category among its peers making about 459.38 of Number Of Shares Shorted per Current Ratio. Comparative valuation analysis is a catch-all technique that is used if you cannot value Digital Health by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Digital Number Of Shares Shorted vs. Current Ratio
Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Digital Health |
| = | 0.64 X |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Digital Health |
| = | 294 |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Digital Number Of Shares Shorted Comparison
Digital Health is currently under evaluation in number of shares shorted category among its peers.
Digital Health Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Digital Health, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Digital Health will eventually generate negative long term returns. The profitability progress is the general direction of Digital Health's change in net profit over the period of time. It can combine multiple indicators of Digital Health, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Digital Health Acquisition Corp. does not have significant operations. The company was incorporated in 2021 and is based in Boca Raton, Florida. Digital Health operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange.
Digital Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Digital Health. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Digital Health position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Digital Health's important profitability drivers and their relationship over time.
Use Digital Health in pair-trading
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 Digital Health 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 Digital Health will appreciate offsetting losses from the drop in the long position's value.Digital Health Pair Trading
Digital Health Acquisition Pair Trading Analysis
The ability to find closely correlated positions to Digital Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital Health 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 Digital Health - 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 Digital Health Acquisition to buy it.
The correlation of Digital Health 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 Digital Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Health Acqui 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 Digital Health 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.Use Investing Themes to Complement your Digital Health position
In addition to having Digital Health in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Exotic Funds Thematic Idea Now
Exotic Funds
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Exotic Funds Theme or any other thematic opportunities.
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Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Digital Stock
If you are still planning to invest in Digital Health Acqui check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Digital Health's history and understand the potential risks before investing.
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