Health Piotroski F Score

HAAC
 Stock
  

USD 9.88  0.01  0.10%   

This module uses fundamental data of Health Assurance to approximate its Piotroski F score. Health Assurance F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Health Assurance Acquisition. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Health Assurance financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please check Health Assurance Altman Z Score, Health Assurance Correlation, Health Assurance Valuation, as well as analyze Health Assurance Alpha and Beta and Health Assurance Hype Analysis.
  
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As of July 6, 2022, Debt to Equity Ratio is expected to decline to -1.13.
At this time, it appears that Health Assurance's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
3.0
Piotroski F Score - Frail
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsNegativeFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthN/AFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeN/AFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginN/AFocus

Health Assurance Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Health Assurance is to make sure Health is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Health Assurance's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Health Assurance's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares52.6 M55.1 M
Sufficiently Down
Increasing
Slightly volatile
Weighted Average Shares Diluted52.6 M55.1 M
Sufficiently Down
Increasing
Slightly volatile
Total Assets500.1 M527 M
Notably Down
Decreasing
Slightly volatile
Total Liabilities53 M44.7 M
Fairly Up
Decreasing
Slightly volatile
Current Assets2.5 M1.7 M
Way Up
Decreasing
Slightly volatile
Current Liabilities2.8 M2.8 M
Fairly Down
Decreasing
Slightly volatile
Return on Average Assets0.07870.0792
Slightly Down
Decreasing
Slightly volatile

Health Assurance Acq F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Health Assurance's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Health Assurance in a much-optimized way.

About Health Assurance Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

About Health Assurance Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Health Assurance Acquisition's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Health Assurance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Health Assurance Acquisition based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.

Health Assurance Investors Sentiment

The influence of Health Assurance's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Health. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Health Assurance Implied Volatility

    
  13.08  
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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Health Assurance in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Health Assurance's short interest history, or implied volatility extrapolated from Health Assurance options trading.

Current Sentiment - HAAC

Health Assurance Acq Investor Sentiment

Macroaxis portfolio users are indifferent in their judgment towards investing in Health Assurance Acquisition. What is your judgment towards investing in Health Assurance Acquisition? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Health Assurance Acq using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Please check Health Assurance Altman Z Score, Health Assurance Correlation, Health Assurance Valuation, as well as analyze Health Assurance Alpha and Beta and Health Assurance Hype 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Health Stock analysis

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.