Health Stock Performance

HAAC
 Stock
  

USD 9.89  0.01  0.10%   

Health Assurance has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.0081, which attests to not very significant fluctuations relative to the market. Let's try to break down what Health's beta means in this case. As returns on the market increase, Health Assurance returns are expected to increase less than the market. However, during the bear market, the loss on holding Health Assurance will be expected to be smaller as well. Although it is important to respect Health Assurance Acq current price history, it is better to be realistic regarding the information on the equity's current price movements. The philosophy in determining future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Health Assurance Acq technical indicators, you can presently evaluate if the expected return of 0.0067% will be sustainable into the future. Health Assurance Acq right now retains a risk of 0.11%. Please check out Health Assurance mean deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio to decide if Health Assurance will be following its current trending patterns.
  
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Health Performance
4 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Health Assurance Acquisition are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Health Assurance is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more

Health Price Channel

Quick Ratio0.38
Fifty Two Week Low9.67
Fifty Two Week High10.04

Health Assurance Relative Risk vs. Return Landscape

If you would invest  985.00  in Health Assurance Acquisition on April 7, 2022 and sell it today you would earn a total of  4.00  from holding Health Assurance Acquisition or generate 0.41% return on investment over 90 days. Health Assurance Acquisition is currently generating 0.0067% in daily expected returns and assumes 0.1062% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of stocks are less volatile than Health, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Health Assurance is expected to generate 0.07 times more return on investment than the market. However, the company is 13.75 times less risky than the market. It trades about 0.06 of its potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of risk.

Health Assurance Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Health Assurance's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Health Assurance Acquisition, and traders can use it to determine the average amount a Health Assurance's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0631

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HAAC
Based on monthly moving average Health Assurance is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Health Assurance by adding it to a well-diversified portfolio.

About Health Assurance Performance

To evaluate Health Assurance Acq Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Health Assurance generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Health Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Health Assurance Acq stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Health's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Assets 0.08  0.08 
Return on Average Equity(2.13) (2.30) 
Return on Invested Capital 0.08  0.08 
Health Assurance Acquisition Corp. does not have significant operations. Health Assurance Acquisition Corp. was incorporated in 2020 and is based in Cambridge, Massachusetts. Health Assurance operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange.

Things to note about Health Assurance Acq

Checking the ongoing alerts about Health Assurance for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Health Assurance Acq help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Health Assurance Alerts

Equity Alerts and Improvement Suggestions

Health Assurance Acq has high likelihood to experience some financial distress in the next 2 years
As of July 6, 2022, Debt to Equity Ratio is expected to decline to -1.13. In addition to that, Average Equity is expected to decline to about (19.1 M)The company has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Health Assurance until it has trouble settling it off, either with new capital or with free cash flow. So, Health Assurance's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Health Assurance Acq sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Health to invest in growth at high rates of return. When we think about Health Assurance's use of debt, we should always consider it together with cash and equity.
Health Assurance Acquisition currently holds about 1.08 M in cash with (3.53 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Health Assurance Acq has a frail financial position based on the latest SEC disclosures
Over 81.0% of the company shares are owned by institutional investors
Latest headline from finance.yahoo.com: Chubb Completes Acquisition of Cignas Personal Accident, Supplemental Health and Life Insurance Business in Asia-Pacific - Yahoo Finance
Please check Risk vs Return Analysis. 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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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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.
Market Capitalization
545.2 M
Return On Assets
-0.0077
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.