Health Stock Analysis

HAACU
 Stock
  

USD 9.90  0.02  0.20%   

The small drop in market price for the last few months may raise some interest from private investors. The stock closed today at a share price of 9.90 on 1,367 in trading volume. The company directors and management did not add much value to Health Assurance Acquisition investors in May. However, diversifying your holdings with Health Assurance Acq or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 90 days investing horizon is currently 0.17. The very small Stock volatility is a good signal to private investors with longer-term investment horizons.
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The Health Assurance stock analysis report makes it easy to digest most publicly released information about Health Assurance and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Health Stock analysis module also helps to analyze the Health Assurance price relationship with some important fundamental indicators such as market cap and management efficiency.

Health Stock Analysis Notes

The company had not issued any dividends in recent years. 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 is traded on NASDAQ Exchange in the United States. To learn more about Health Assurance Acquisition call the company at 617 234 7000 or check out https://www.healthassuranceacqcorp.com.

Health Assurance Acq Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Health Assurance's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Health Assurance Acquisition or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Health Assurance Acq generated a negative expected return over the last 90 days
Health Assurance Acq has high likelihood to experience some financial distress in the next 2 years
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 in time and when they become 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 has accumulated 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.
Latest headline from 247wallst.com: Why 8 Big-Dividend Defensive Stocks Can Be Huge Winners If Market Struggles Continue - 247 Wall St.

Management Efficiency

Health Assurance Acq has return on total asset (ROA) of (0.77) % which means that it has lost $0.77 on every $100 spent on asset. This is way below average. Health Assurance management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 29th of June, Health Assurance retains the market risk adjusted performance of 2.34, and Risk Adjusted Performance of (0.14). Health Assurance technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for Health Assurance Acq, which can be compared to its competitors. Please check out Health Assurance Acq coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if Health Assurance is priced fairly, providing market reflects its last-minute price of 9.9 per share. Given that Health Assurance Acquisition has jensen alpha of (0.018797), we strongly advise you to confirm Health Assurance Acq's regular market performance to make sure the company can sustain itself at a future point.

Health Assurance Acq Price Movement Analysis

The output start index for this execution was thirty-five with a total number of output elements of twenty-six. The Exponential Moving Average is calculated by weighting recent values of Health Assurance Acq more heavily than older values.
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Health Assurance Technical and Predictive Indicators

Health Assurance Forecast Models

Health Assurance time-series forecasting models is one of many Health Assurance's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Health Assurance's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Health Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Health Assurance stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Health shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Health Assurance. By using and applying Health Stock analysis, traders can create a robust methodology for identifying Health entry and exit points for their positions.
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 is traded on NASDAQ Exchange in the United States.

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Health Assurance to your portfolios without increasing risk or reducing expected return.

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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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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
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.