| PHR Stock | | | USD 29.84 0.17 0.57% |
Phreesia financial indicator trend analysis is much more than just breaking down Phreesia prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Phreesia is a good investment. Please check the relationship between Phreesia Net Receivables and its Total Stockholder Equity accounts. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phreesia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
To learn how to invest in Phreesia Stock, please use our
How to Invest in Phreesia guide.
Net Receivables vs Total Stockholder Equity
Net Receivables vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Phreesia Net Receivables account and
Total Stockholder Equity. At this time, the significance of the direction appears to have strong relationship.
The correlation between Phreesia's Net Receivables and Total Stockholder Equity is 0.78. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Phreesia, assuming nothing else is changed. The correlation between historical values of Phreesia's Net Receivables and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Phreesia are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Receivables i.e., Phreesia's Net Receivables and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.78 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Net Receivables
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Phreesia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Phreesia current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phreesia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in rate.
To learn how to invest in Phreesia Stock, please use our
How to Invest in Phreesia guide.At this time, Phreesia's
Tax Provision is relatively stable compared to the past year. As of 02/17/2025,
Sales General And Administrative To Revenue is likely to grow to 0.21, while
Selling General Administrative is likely to drop slightly above 53.2
M.
Phreesia fundamental ratios Correlations
Click cells to compare fundamentals
Phreesia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Phreesia fundamental ratios Accounts
Pair Trading with Phreesia
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 Phreesia 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 Phreesia will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Phreesia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phreesia 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 Phreesia - 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 Phreesia to buy it.
The correlation of Phreesia 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 Phreesia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phreesia 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 Phreesia 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 Phreesia Stock Analysis
When running Phreesia's price analysis, check to
measure Phreesia'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 Phreesia is operating at the current time. Most of Phreesia's value examination focuses on studying past and present price action to
predict the probability of Phreesia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phreesia's price. Additionally, you may evaluate how the addition of Phreesia to your portfolios can decrease your overall portfolio volatility.