Health Stock Today

HAACU -  USA Stock  

USD 9.88  0.02  0.20%

Market Performance
0 of 100
Odds Of Distress
Over 75
Health Assurance is selling for under 9.88 as of the 25th of May 2022; that is -0.2 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 9.88. Health Assurance has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Health Assurance Acquisition are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of April 2022 and ending today, the 25th of May 2022. Please note, there could be an existing legal relationship between Health Assurance Acq (HAACU) and Health Assurance Acq (HAAC). Click here to learn more.
Health Assurance Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or business combination with one or more businesses. The company was formerly known as Healthcare Assurance Acquisition Corp. More on Health Assurance Acquisition
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Health Assurance Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Health Assurance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Health Assurance or challenge it. These highlights can help you better understand the position you are entering 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.
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Related EntityHAAC (Health Assurance Acquisition)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Health Assurance's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Health Assurance Acquisition (HAACU) is traded on NASDAQ Exchange in USA . The company classifies itself under Financial Services sector and is part of Shell Companies industry. 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.
Check Health Assurance Probability Of Bankruptcy
Ownership
Roughly 95.0 (percent) of Health Assurance outstanding shares are held by regular investors with 0.0 % owned by insiders and only 4.54 pct. by outside corporations.

Ownership Allocation (%)

Check Health Ownership Details

Health Stock Price Odds Analysis

What are Health Assurance's target price odds to finish over the current price? Attributed to a normal probability distribution, the odds of Health Assurance jumping above the current price in 90 days from now is about 98.0%. The Health Assurance Acquisition probability density function shows the probability of Health Assurance stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Health Assurance Acquisition has a beta of -0.0037. This usually indicates as returns on benchmark increase, returns on holding Health Assurance are expected to decrease at a much lower rate. During the bear market, however, Health Assurance Acquisition is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Health Assurance Acq is significantly underperforming DOW.
  Odds Below 9.88HorizonTargetOdds Above 9.88
1.65%90 days
 9.88 
97.97%
Based on a normal probability distribution, the odds of Health Assurance to move above the current price in 90 days from now is about 98.0 (This Health Assurance Acquisition probability density function shows the probability of Health Stock to fall within a particular range of prices over 90 days) .

Health Assurance Acq Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Health Assurance market risk premium is the additional return an investor will receive from holding Health Assurance long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Health Assurance. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Health Assurance's alpha and beta are two of the key measurements used to evaluate Health Assurance's performance over the market, the standard measures of volatility play an important role as well.

Health Stock Against Markets

Picking the right benchmark for Health Assurance stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Health Assurance stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Health Assurance is critical whether you are bullish or bearish towards Health Assurance Acquisition at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Health Assurance without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Investing Health Assurance Acquisition

You need to understand the risk of investing before taking a position in Health Assurance. The danger of trading Health Assurance Acquisition is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Health Assurance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Health Assurance. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Health Assurance Acq is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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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.
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.