Healthequity Stock Market Value

HQY
 Stock
  

USD 57.67  3.72  6.06%   

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


Is Healthequity'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 Healthequity. If investors know Healthequity 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 Healthequity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.96
Market Capitalization
4.9 B
Quarterly Revenue Growth YOY
0.12
Return On Assets
0.0059
Return On Equity
-0.0299
The market value of Healthequity is measured differently than its book value, which is the value of Healthequity that is recorded on the company's balance sheet. Investors also form their own opinion of Healthequity's value that differs from its market value or its book value, called intrinsic value, which is Healthequity'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 Healthequity's market value can be influenced by many factors that don't directly affect Healthequity'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 Healthequity's value and its price as these two are different measures arrived at by different means. Investors typically determine Healthequity value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Healthequity'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.

Healthequity '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 Healthequity'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 Healthequity.
0.00
08/12/2020
No Change 0.00  0.0 
In 1 year 10 months and 22 days
07/03/2022
0.00
If you would invest  0.00  in Healthequity on August 12, 2020 and sell it all today you would earn a total of 0.00 from holding Healthequity or generate 0.0% return on investment in Healthequity over 690 days. Healthequity is related to or competes with General Electric, B of A, Dupont Denemours, Home Depot, Walmart, Coca Cola, and Verizon Communications. HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United StatesMore

Healthequity 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 Healthequity'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 Healthequity upside and downside potential and time the market with a certain degree of confidence.

Healthequity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthequity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthequity's standard deviation. In reality, there are many statistical measures that can use Healthequity historical prices to predict the future Healthequity's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Healthequity'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 Healthequity in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
55.6358.1060.57
Details
Intrinsic
Valuation
LowReal ValueHigh
56.1758.6461.11
Details
Naive
Forecast
LowNext ValueHigh
52.6655.1457.61
Details
11 Analysts
Consensus
LowTarget PriceHigh
52.0064.8086.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Healthequity. Your research has to be compared to or analyzed against Healthequity's peers to derive any actionable benefits. When done correctly, Healthequity'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 Healthequity.

Healthequity Backtested Returns

Healthequity holds Efficiency (Sharpe) Ratio of -0.0839, which attests that the entity had -0.0839% 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. Healthequity exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Healthequity market risk adjusted performance of (0.26), and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide.
The company retains a Market Volatility (i.e., Beta) of 0.7691, which attests to possible diversification benefits within a given portfolio. Let's try to break down what Healthequity's beta means in this case. As returns on the market increase, Healthequity returns are expected to increase less than the market. However, during the bear market, the loss on holding Healthequity will be expected to be smaller as well. Even though it is essential to pay attention to Healthequity 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. Healthequity exposes twenty-one different technical indicators, which can help you to evaluate its performance. Healthequity has an expected return of -0.21%. Please be advised to check out Healthequity standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Healthequity performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.46  

Modest reverse predictability

Healthequity has modest reverse predictability. Overlapping area represents the amount of predictability between Healthequity time series from 12th of August 2020 to 23rd of July 2021 and 23rd of July 2021 to 3rd of July 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 Healthequity price movement. The serial correlation of -0.46 indicates that about 46.0% of current Healthequity price fluctuation can be explain by its past prices.
Correlation Coefficient-0.46
Spearman Rank Test-0.21
Residual Average0.0
Price Variance68.59

Healthequity lagged returns against current returns

Autocorrelation, which is Healthequity 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 Healthequity's stock expected returns. We can calculate the autocorrelation of Healthequity returns to help us make a trade decision. For example, suppose you find that Healthequity 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 

Healthequity 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 Healthequity stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthequity stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthequity stock over time.
 Current vs Lagged Prices 
Share
      Timeline 

Healthequity Lagged Returns

When evaluating Healthequity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthequity stock have on its future price. Healthequity 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, Healthequity autocorrelation shows the relationship between Healthequity stock current value and its past values and can show if there is a momentum factor associated with investing in Healthequity.
 Regressed Prices 
Share
      Timeline 

Healthequity Investors Sentiment

The influence of Healthequity'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 Healthequity. 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.

Healthequity Implied Volatility

    
  37.77  
Healthequity's implied volatility exposes the market's sentiment of Healthequity stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Healthequity'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 Healthequity stock will not fluctuate a lot when Healthequity'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 Healthequity 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, Healthequity's short interest history, or implied volatility extrapolated from Healthequity options trading.

Current Sentiment - HQY

Healthequity Investor Sentiment

Greater number of Macroaxis users are currently bullish on Healthequity. What is your judgment towards investing in Healthequity? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Healthequity 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 Healthequity Hype Analysis, Healthequity Correlation, Healthequity Valuation, Healthequity Volatility, as well as analyze Healthequity Alpha and Beta and Healthequity Performance. Note that the Healthequity information on this page should be used as a complementary analysis to other Healthequity'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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for Healthequity Stock analysis

When running Healthequity price analysis, check to measure Healthequity'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 Healthequity is operating at the current time. Most of Healthequity's value examination focuses on studying past and present price action to predict the probability of Healthequity's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Healthequity's price. Additionally, you may evaluate how the addition of Healthequity to your portfolios can decrease your overall portfolio volatility.
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Healthequity 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 Healthequity technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Healthequity 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...