HireRight Holdings Current Valuation vs. Revenue
| HRTDelisted Stock | USD 14.36 0.01 0.07% |
For HireRight Holdings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of HireRight Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well HireRight Holdings Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between HireRight Holdings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of HireRight Holdings Corp over time as well as its relative position and ranking within its peers.
HireRight |
HireRight Holdings Corp Revenue vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining HireRight Holdings's current stock value. Our valuation model uses many indicators to compare HireRight Holdings value to that of its competitors to determine the firm's financial worth. HireRight Holdings Corp is rated # 3 in current valuation category among its peers. It is rated below average in revenue category among its peers totaling about 0.44 of Revenue per Current Valuation. The ratio of Current Valuation to Revenue for HireRight Holdings Corp is roughly 2.28 . Comparative valuation analysis is a catch-all technique that is used if you cannot value HireRight Holdings 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.HireRight Current Valuation vs. Competition
HireRight Holdings Corp is rated # 3 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is currently estimated at about 14.44 Billion. HireRight Holdings retains roughly 1.65 Billion in current valuation claiming about 11% of equities under Industrials industry.
HireRight Revenue vs. Current Valuation
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.
HireRight Holdings |
| = | 1.65 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.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
HireRight Holdings |
| = | 721.88 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
HireRight Revenue vs Competition
HireRight Holdings Corp is rated below average in revenue category among its peers. Market size based on revenue of Industrials industry is currently estimated at about 38.01 Billion. HireRight Holdings claims roughly 721.88 Million in revenue contributing just under 2% to equities under Industrials industry.
HireRight Holdings Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in HireRight Holdings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, HireRight Holdings will eventually generate negative long term returns. The profitability progress is the general direction of HireRight Holdings' change in net profit over the period of time. It can combine multiple indicators of HireRight Holdings, 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.
HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. The company was incorporated in 1990 and is based in Nashville, Tennessee. Hireright Holdings operates under Staffing Employment Services classification in the United States and is traded on New York Stock Exchange. It employs 2760 people.
HireRight Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on HireRight Holdings. 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 HireRight Holdings 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 HireRight Holdings' important profitability drivers and their relationship over time.
Use HireRight Holdings 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 HireRight Holdings 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 HireRight Holdings will appreciate offsetting losses from the drop in the long position's value.HireRight Holdings Pair Trading
HireRight Holdings Corp Pair Trading Analysis
The ability to find closely correlated positions to HireRight Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HireRight Holdings 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 HireRight Holdings - 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 HireRight Holdings Corp to buy it.
The correlation of HireRight Holdings 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 HireRight Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HireRight Holdings Corp 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 HireRight Holdings 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 HireRight Holdings position
In addition to having HireRight Holdings 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 Healthcare Funds Thematic Idea Now
Healthcare Funds
Funds or Etfs investing in medical and healthcare goods or services as well as hospital management or maintenance organizations. The Healthcare Funds theme has 39 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 Healthcare Funds Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis 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 metropolitan statistical area. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Other Consideration for investing in HireRight Stock
If you are still planning to invest in HireRight Holdings Corp 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 HireRight Holdings' history and understand the potential risks before investing.
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