Health Stock Market Value

HAACU -  USA Stock  

USD 9.90  0.02  0.20%

Health Assurance's market value is the price at which a share of Health Assurance stock trades on a public exchange. It measures the collective expectations of Health Assurance Acquisition investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Health Assurance Acquisition and determine expected loss or profit from investing in Health Assurance over a given investment horizon. Please check Health Assurance Hype Analysis, Health Assurance Correlation, Health Assurance Valuation, Health Assurance Volatility, as well as analyze Health Assurance Alpha and Beta and Health Assurance Performance.
Symbol
Backtest


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
554 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.

Health Assurance 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Health Assurance's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Health Assurance.
0.00
05/26/2022
No Change 0.00  0.0 
In 30 days
06/25/2022
0.00
If you would invest  0.00  in Health Assurance on May 26, 2022 and sell it all today you would earn a total of 0.00 from holding Health Assurance Acquisition or generate 0.0% return on investment in Health Assurance over 30 days. Health Assurance is related to or competes with Vertex Energy. Health Assurance Acquisition Corp. does not have significant operationsMore

Health Assurance Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Health Assurance's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Health Assurance Acquisition upside and downside potential and time the market with a certain degree of confidence.

Health Assurance Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Health Assurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Health Assurance's standard deviation. In reality, there are many statistical measures that can use Health Assurance historical prices to predict the future Health Assurance's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Health Assurance's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Health Assurance in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.739.9010.07
Details
Intrinsic
Valuation
LowReal ValueHigh
9.759.9210.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Health Assurance. Your research has to be compared to or analyzed against Health Assurance's peers to derive any actionable benefits. When done correctly, Health Assurance's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Health Assurance Acq.

Health Assurance Acq Backtested Returns

Health Assurance Acq holds Efficiency (Sharpe) Ratio of -0.0278, which attests that the entity had -0.0278% of return per unit of standard deviation over the last 3 months. Macroaxis philosophy in determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Health Assurance Acq exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Health Assurance risk adjusted performance of (0.13), and Market Risk Adjusted Performance of 1.36 to validate the risk estimate we provide.
The company retains a Market Volatility (i.e., Beta) of -0.0118, 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, returns on owning Health Assurance are expected to decrease at a much lower rate. During the bear market, Health Assurance is likely to outperform the market. Even though it is essential to pay attention to Health Assurance Acq current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy in determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Health Assurance Acq exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Health Assurance Acq has an expected return of -0.0047%. Please be advised to check out Health Assurance coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power to decide if Health Assurance Acq performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.10  

Insignificant predictability

Health Assurance Acquisition has insignificant predictability. Overlapping area represents the amount of predictability between Health Assurance time series from 26th of May 2022 to 10th of June 2022 and 10th of June 2022 to 25th of June 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Health Assurance Acq price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Health Assurance price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test0.09
Residual Average0.0
Price Variance0.0

Health Assurance Acq lagged returns against current returns

Autocorrelation, which is Health Assurance stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Health Assurance's stock expected returns. We can calculate the autocorrelation of Health Assurance returns to help us make a trade decision. For example, suppose you find that Health Assurance stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Health Assurance regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Health Assurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Health Assurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Health Assurance stock over time.
 Current vs Lagged Prices 
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      Timeline 

Health Assurance Lagged Returns

When evaluating Health Assurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Health Assurance stock have on its future price. Health Assurance autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Health Assurance autocorrelation shows the relationship between Health Assurance stock current value and its past values and can show if there is a momentum factor associated with investing in Health Assurance Acquisition.
 Regressed Prices 
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      Timeline 

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.
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 - HAACU

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

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Please check Health Assurance Hype Analysis, Health Assurance Correlation, Health Assurance Valuation, Health Assurance Volatility, as well as analyze Health Assurance Alpha and Beta and Health Assurance Performance. 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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Health Assurance technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Health Assurance technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Health Assurance trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...