Health Stock Buy Hold or Sell Recommendation

HAAC -  USA Stock  

USD 9.84  0.02  0.20%

Given the investment horizon of 90 days and your slightly conservative level of risk, our recommendation regarding Health Assurance Acquisition is 'Cautious Hold'. Macroaxis provides Health Assurance buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding HAAC positions. The advice algorithm takes into account all of Health Assurance's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from Health Assurance's buy-and-hold perspective. Please check Health Assurance Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Health and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Health Assurance Acquisition.

Execute Health Assurance Buy or Sell Advice

The Health recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Health Assurance Acquisition. Macroaxis does not own or have any residual interests in Health Assurance Acquisition or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Health Assurance's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Health AssuranceBuy Health Assurance
Cautious Hold

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

OvervaluedDetails

Odds of Distress

Above AverageDetails

Economic Sensitivity

Moves indifferently to market movesDetails

Analyst Consensus

Not AvailableDetails

Financial Strenth (F Score)

FrailDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Health Assurance Acquisition has a Mean Deviation of 0.065, Standard Deviation of 0.1037, Variance of 0.0108, Downside Variance of 0.024, Semi Variance of (0.0005883) and Expected Short fall of (0.15)
We provide advice to complement the regular expert consensus on Health Assurance. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. Please utilize Health Assurance Acquisition shares owned by institutions, cash per share, short ratio, as well as the relationship between the net income and book value per share to make buy, hold, or sell decision on Health Assurance. Given that Health Assurance Acq has a cash per share of 0.03 X, we strongly advise you to confirm Health Assurance Acq market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Health Assurance Trading Alerts and Improvement Suggestions

Health Assurance Acq has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (95.57 M).
Health Assurance Acquisition currently holds about 1.52 M in cash with (4.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03.
Health Assurance Acq has a frail financial position based on the latest SEC disclosures
Roughly 69.0% of the company shares are owned by institutional investors
Latest headline from www.marketscreener.com: HEALTH ASSURANCE ACQUISITION CORP. Managements Discussion and Analysis of Financial Condition and Results of Operations. - Marketscreener.com

Health Assurance Returns Distribution Density

The distribution of Health Assurance's historical returns is an attempt to chart the future uncertainty of Health Assurance's future price movements. The chart of the probability distribution of Health Assurance stock daily returns describes the distribution of returns around its average expected value. We use Health Assurance Acquisition price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Health Assurance returns is essential to provide solid investment advice for Health Assurance stock.
Mean Return0.006225Value At Risk-0.2
Potential Upside0.20Standard Deviation0.10
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Health Assurance historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Health Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Health Assurance is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Health Assurance Acquisition backward and forwards among themselves. Health Assurance's institutional investor refers to the entity that pools money to purchase Health Assurance's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Blackrock IncCommon Shares4.9 M48.4 M
Dragoneer Investment Group LlcCommon SharesM39.4 M
Weiss Asset Management LpCommon Shares3.4 M33.2 M
Sculptor Capital LpCommon Shares2.6 M25.9 M
Marshall Wace LlpCommon Shares2.4 M23.4 M
General Catalyst Group Management LlcCommon Shares2.3 M22.8 M
Harspring Capital Management LlcCommon Shares2.1 M21.2 M
Note, although Health Assurance's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Health Assurance Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Health Assurance or Financial Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Health Assurance stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Health stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.0019
β
Beta against DOW0.0129
σ
Overall volatility
0.11
Ir
Information ratio 1.33

Health Assurance Volatility Alert

Health Assurance Acquisition exhibits very low volatility with skewness of 0.42 and kurtosis of 1.51. However, we advise investors to further study Health Assurance Acquisition technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Health Assurance's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Health Assurance's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Health Assurance Implied Volatility

Health Assurance's implied volatility exposes the market's sentiment of Health Assurance Acquisition stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Health Assurance's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Health Assurance stock will not fluctuate a lot when Health Assurance's options are near their expiration.

Health Assurance Fundamentals Vs Peers

Comparing Health Assurance's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Health Assurance's direct or indirect competition across all of the common fundamentals between Health Assurance and the related equities. This way, we can detect undervalued stocks with similar characteristics as Health Assurance or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Health Assurance's fundamental indicators could also be used in its relative valuation, which is a method of valuing Health Assurance by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Health Assurance to competition
FundamentalsHealth AssurancePeer Average
Current Valuation537.6 M16.62 B
Shares Outstanding52.5 M571.82 M
Shares Owned by Institutions69.26 %39.21 %
Number of Shares Shorted531.42 K4.71 M
Net Income(95.57 M)570.98 M
Cash and Equivalents1.52 M2.7 B
Cash per Share0.03 X5.01 X
Current Ratio1.79 X2.16 X
Book Value Per Share(0.88) X1.93 K
Cash Flow from Operations(4.67 M)971.22 M
Short Ratio3.78 X4.00 X
Market Capitalization541.88 M19.03 B

Health Assurance Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Health . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution150.96
Daily Balance Of Power(0.67)
Rate Of Daily Change1.0
Day Median Price9.84
Day Typical Price9.84
Market Facilitation Index0.0
Price Action Indicator(0.015)

About Health Assurance Buy or Sell Advice

When is the right time to buy or sell Health Assurance Acquisition? Buying financial instruments such as Health Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Health Assurance investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2010 2021 2022 (projected)
Current Assets6.03 M1.73 M2.54 M
Total Assets531.09 M526.97 M500.11 M

Use Investing Ideas to Build Portfolios

In addition to having Health Assurance 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.

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Cars Theme
Domestic and international companies involved in manufacturing and serving automobiles and trucks. The Cars theme has 30 constituents.
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 Cars Theme or any other thematic opportunities.
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Please check Health Assurance Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Health Assurance Acq information on this page should be used as a complementary analysis to other Health Assurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Health Assurance Acq price analysis, check to measure Health Assurance'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 Health Assurance is operating at the current time. Most of Health Assurance's value examination focuses on studying past and present price action to predict the probability of Health Assurance's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Health Assurance's price. Additionally, you may evaluate how the addition of Health Assurance to your portfolios can decrease your overall portfolio volatility.
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Is Health Assurance's industry 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 Health Assurance. If investors know Health 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 Health Assurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Health Assurance Acq is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Assurance's value that differs from its market value or its book value, called intrinsic value, which is Health Assurance'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 Health Assurance's market value can be influenced by many factors that don't directly affect Health Assurance'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 Health Assurance's value and its price as these two are different measures arrived at by different means. Investors typically determine Health Assurance value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Assurance'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.