Healthlead Public Gross Profit vs. Current Valuation
| HL Stock | 8.80 0.10 1.15% |
For Healthlead Public profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Healthlead Public to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Healthlead Public utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Healthlead Public's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Healthlead Public over time as well as its relative position and ranking within its peers.
Healthlead |
Healthlead Public Current Valuation vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Healthlead Public's current stock value. Our valuation model uses many indicators to compare Healthlead Public value to that of its competitors to determine the firm's financial worth. Healthlead Public is one of the top stocks in gross profit category among its peers. It also is rated as one of the top companies in current valuation category among its peers reporting about 20.49 of Current Valuation per Gross Profit. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Healthlead Public's earnings, one of the primary drivers of an investment's value.Healthlead Current Valuation vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Healthlead Public |
| = | 293.95 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Healthlead Public |
| = | 6.02 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Healthlead Current Valuation vs Competition
Healthlead Public is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Medical Distribution industry is currently estimated at about 255.53 Billion. Healthlead Public holds roughly 6.02 Billion in current valuation claiming about 2.36% of all equities under Medical Distribution industry.
Healthlead Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Healthlead Public. 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 Healthlead Public 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 Healthlead Public's important profitability drivers and their relationship over time.
Use Healthlead Public 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 Healthlead Public 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 Healthlead Public will appreciate offsetting losses from the drop in the long position's value.Healthlead Public Pair Trading
Healthlead Public Pair Trading Analysis
The ability to find closely correlated positions to Healthlead Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Healthlead Public 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 Healthlead Public - 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 Healthlead Public to buy it.
The correlation of Healthlead Public 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 Healthlead Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Healthlead Public 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 Healthlead Public 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 Healthlead Public position
In addition to having Healthlead Public 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 Machinery Thematic Idea Now
Machinery
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Machinery theme has 61 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 Machinery Theme or any other thematic opportunities.
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Other Information on Investing in Healthlead Stock
To fully project Healthlead Public's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Healthlead Public at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Healthlead Public's income statement, its balance sheet, and the statement of cash flows.