Healthcare Triangle Stock Market Value
| HCTI Stock | USD 0.69 0.01 1.47% |
| Symbol | Healthcare |
Healthcare Triangle Price To Book Ratio
Is Health Care Equipment & Supplies space 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 Healthcare Triangle. If investors know Healthcare 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 Healthcare Triangle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.17) | Revenue Per Share 4.813 | Quarterly Revenue Growth (0.65) | Return On Assets (0.55) | Return On Equity (2.88) |
The market value of Healthcare Triangle is measured differently than its book value, which is the value of Healthcare that is recorded on the company's balance sheet. Investors also form their own opinion of Healthcare Triangle's value that differs from its market value or its book value, called intrinsic value, which is Healthcare Triangle'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 Healthcare Triangle's market value can be influenced by many factors that don't directly affect Healthcare Triangle'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 Healthcare Triangle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Healthcare Triangle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Healthcare Triangle'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.
Healthcare Triangle 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Healthcare Triangle's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Healthcare Triangle.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Healthcare Triangle on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Healthcare Triangle or generate 0.0% return on investment in Healthcare Triangle over 180 days. Healthcare Triangle is related to or competes with Bullfrog, EUDA Health, Mangoceuticals, Common, FOXO Technologies, MultiPlan, CareMax, and MSP Recovery. Healthcare Triangle, Inc., a healthcare information technology company, focuses on developing solutions in the sectors o... More
Healthcare Triangle Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Healthcare Triangle's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Healthcare Triangle upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.67 | |||
| Information Ratio | 0.0536 | |||
| Maximum Drawdown | 142.49 | |||
| Value At Risk | (18.35) | |||
| Potential Upside | 9.92 |
Healthcare Triangle Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Healthcare Triangle's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Healthcare Triangle's standard deviation. In reality, there are many statistical measures that can use Healthcare Triangle historical prices to predict the future Healthcare Triangle's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 1.08 | |||
| Total Risk Alpha | (1.92) | |||
| Sortino Ratio | 0.0909 | |||
| Treynor Ratio | 9.24 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Healthcare Triangle's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Healthcare Triangle Backtested Returns
Healthcare Triangle is out of control given 3 months investment horizon. Healthcare Triangle holds Efficiency (Sharpe) Ratio of 0.0585, which attests that the entity had a 0.0585% return per unit of standard deviation over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.08% are justified by taking the suggested risk. Use Healthcare Triangle risk adjusted performance of 0.0564, and Market Risk Adjusted Performance of 9.25 to evaluate company specific risk that cannot be diversified away. Healthcare Triangle holds a performance score of 4 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Healthcare Triangle's returns are expected to increase less than the market. However, during the bear market, the loss of holding Healthcare Triangle is expected to be smaller as well. Use Healthcare Triangle value at risk, daily balance of power, and the relationship between the total risk alpha and expected short fall , to analyze future returns on Healthcare Triangle.
Auto-correlation | -0.05 |
Very weak reverse predictability
Healthcare Triangle has very weak reverse predictability. Overlapping area represents the amount of predictability between Healthcare Triangle time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Healthcare Triangle price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Healthcare Triangle price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Healthcare Triangle lagged returns against current returns
Autocorrelation, which is Healthcare Triangle stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Healthcare Triangle's stock expected returns. We can calculate the autocorrelation of Healthcare Triangle returns to help us make a trade decision. For example, suppose you find that Healthcare Triangle has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Healthcare Triangle regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Healthcare Triangle stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Healthcare Triangle stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Healthcare Triangle stock over time.
Current vs Lagged Prices |
| Timeline |
Healthcare Triangle Lagged Returns
When evaluating Healthcare Triangle's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Healthcare Triangle stock have on its future price. Healthcare Triangle autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Healthcare Triangle autocorrelation shows the relationship between Healthcare Triangle stock current value and its past values and can show if there is a momentum factor associated with investing in Healthcare Triangle.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Healthcare Triangle offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Healthcare Triangle's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Healthcare Triangle Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Healthcare Triangle Stock:Check out Healthcare Triangle Correlation, Healthcare Triangle Volatility and Healthcare Triangle Alpha and Beta module to complement your research on Healthcare Triangle. For more detail on how to invest in Healthcare Stock please use our How to Invest in Healthcare Triangle guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Healthcare Triangle technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.