Healthequity Stock Performance

HQY -  USA Stock  

USD 62.80  1.82  2.98%

The company retains a Market Volatility (i.e., Beta) of 1.2735, which attests to a somewhat significant risk relative to the market. Let's try to break down what Healthequity's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Healthequity will likely underperform. 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-eight different technical indicators, which can help you to evaluate its performance. Healthequity has an expected return of -0.05%. Please be advised to check out Healthequity value at risk, and the relationship between the information ratio and kurtosis to decide if Healthequity performance from the past will be repeated at some point in the near future.
  
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Healthequity Performance
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Over the last 90 days Healthequity has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, Healthequity is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more

Healthequity Price Channel

Quick Ratio2.04
Fifty Two Week Low36.81
Target High Price95.00
Fifty Two Week High84.78
Target Low Price64.00

Healthequity Relative Risk vs. Return Landscape

If you would invest  6,405  in Healthequity on February 27, 2022 and sell it today you would lose (125.00)  from holding Healthequity or give up 1.95% of portfolio value over 90 days. Healthequity is generating negative expected returns assuming volatility of 2.7361% on return distribution over 90 days investment horizon. In other words, 23% of stocks are less volatile than Healthequity, and above 99% of all equities are expected to generate higher returns over the next 90 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering the 90-day investment horizon Healthequity is expected to generate 1.69 times more return on investment than the market. However, the company is 1.69 times more volatile than its market benchmark. It trades about -0.02 of its potential returns per unit of risk. The DOW is currently generating roughly -0.05 per unit of risk.

Healthequity Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthequity's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Healthequity, and traders can use it to determine the average amount a Healthequity'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 = -0.0183

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Negative ReturnsHQY
Estimated Market Risk
 2.74
  actual daily
 
 23 %
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Expected Return
 -0.05
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 0 %
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 -0.02
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Based on monthly moving average Healthequity is performing at about 0% 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 Healthequity by adding it to a well-diversified portfolio.

About Healthequity Performance

To evaluate Healthequity 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 Healthequity 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 Healthequity 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 Healthequity 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 Healthequity'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 Investment 1.69  1.74 
Return on Average Assets(0.014) (0.0144) 
Return on Average Equity(0.024) (0.0246) 
Return on Invested Capital(0.026) (0.0267) 
Return on Sales(0.04) (0.0411) 
HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. The company was incorporated in 2002 and is headquartered in Draper, Utah. Healthequity operates under Health Information Services classification in the United States and is traded on NASDAQ Exchange. It employs 3688 people.

Things to note about Healthequity

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

Healthequity Alerts

Equity Alerts and Improvement Suggestions

Healthequity generated a negative expected return over the last 90 days
The company reported the last year's revenue of 756.56 M. Reported Net Loss for the year was (44.29 M) with profit before taxes, overhead, and interest of 423.71 M.
Latest headline from simplywall.st: These 4 Measures Indicate That HealthEquity Is Using Debt Extensively - Simply Wall St
Please check Risk vs Return Analysis. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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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.
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.