National Healthcare Properties, Stock Beta
| NHPAP Stock | 14.09 0.03 0.21% |
National Healthcare Properties, fundamentals help investors to digest information that contributes to National Healthcare's financial success or failures. It also enables traders to predict the movement of National Stock. The fundamental analysis module provides a way to measure National Healthcare's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to National Healthcare stock.
National | Beta |
National Healthcare Properties, Company Beta Analysis
National Healthcare's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current National Healthcare Beta | 625.75 |
Most of National Healthcare's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, National Healthcare Properties, is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
National Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for National Healthcare is extremely important. It helps to project a fair market value of National Stock properly, considering its historical fundamentals such as Beta. Since National Healthcare's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of National Healthcare's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of National Healthcare's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, National Healthcare Properties, has a Beta of 625. This is much higher than that of the Real Estate sector and notably higher than that of the REIT - Healthcare Facilities industry. The beta for all United States stocks is notably lower than that of the firm.
National Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses National Healthcare's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of National Healthcare could also be used in its relative valuation, which is a method of valuing National Healthcare by comparing valuation metrics of similar companies.National Healthcare is currently under evaluation in beta category among its peers.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, National Healthcare will likely underperform.
National Fundamentals
| Return On Equity | -0.24 | ||||
| Return On Asset | -0.0324 | ||||
| Profit Margin | (0.56) % | ||||
| Operating Margin | (0.1) % | ||||
| Current Valuation | 1.54 B | ||||
| Shares Owned By Institutions | 10.10 % | ||||
| Number Of Shares Shorted | 8.09 K | ||||
| Revenue | 353.79 M | ||||
| Gross Profit | (1.94 M) | ||||
| EBITDA | (24.44 M) | ||||
| Net Income | (189.7 M) | ||||
| Total Debt | 362.22 M | ||||
| Book Value Per Share | 24.88 X | ||||
| Cash Flow From Operations | (79.85 M) | ||||
| Short Ratio | 0.49 X | ||||
| Number Of Employees | 26 | ||||
| Beta | 625.75 | ||||
| Total Asset | 1.95 B | ||||
| Retained Earnings | (1.87 B) | ||||
| Working Capital | (365.57 M) | ||||
| Annual Yield | 0.13 % | ||||
| Net Asset | 1.95 B |
About National Healthcare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze National Healthcare Properties,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of National Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of National Healthcare Properties, based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with National Healthcare
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if National Healthcare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in National Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving against National Stock
| 0.48 | AHT-PD | Ashford Hospitality Trust | PairCorr |
| 0.47 | DX | Dynex Capital | PairCorr |
| 0.41 | STRW | Strawberry Fields REIT | PairCorr |
| 0.4 | WELL | Welltower | PairCorr |
| 0.38 | MPW | Medical Properties Trust Aggressive Push | PairCorr |
The ability to find closely correlated positions to National Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace National Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back National Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling National Healthcare Properties, to buy it.
The correlation of National Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as National Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if National Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for National Healthcare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for National Stock Analysis
When running National Healthcare's price analysis, check to measure National Healthcare'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 National Healthcare is operating at the current time. Most of National Healthcare's value examination focuses on studying past and present price action to predict the probability of National Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Healthcare's price. Additionally, you may evaluate how the addition of National Healthcare to your portfolios can decrease your overall portfolio volatility.