Hyperfine Stock Market Value
| HYPR Stock | USD 1.01 0.03 3.06% |
| Symbol | Hyperfine |
Hyperfine 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 Hyperfine. If investors know Hyperfine 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 Hyperfine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.57) | Revenue Per Share 0.166 | Quarterly Revenue Growth 0.074 | Return On Assets (0.30) | Return On Equity (0.49) |
The market value of Hyperfine is measured differently than its book value, which is the value of Hyperfine that is recorded on the company's balance sheet. Investors also form their own opinion of Hyperfine's value that differs from its market value or its book value, called intrinsic value, which is Hyperfine'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 Hyperfine's market value can be influenced by many factors that don't directly affect Hyperfine'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 Hyperfine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hyperfine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hyperfine'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.
Hyperfine '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 Hyperfine'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 Hyperfine.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Hyperfine on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Hyperfine or generate 0.0% return on investment in Hyperfine over 180 days. Hyperfine is related to or competes with Neuropace, Orthopediatrics Corp, Anika Therapeutics, PAVmed, LivaNova PLC, Electromed, and SurModics. Hyperfine, Inc. provides imaging, monitoring, and magnetic resonance imaging products More
Hyperfine 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 Hyperfine'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 Hyperfine upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 18.67 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 4.12 |
Hyperfine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hyperfine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hyperfine's standard deviation. In reality, there are many statistical measures that can use Hyperfine historical prices to predict the future Hyperfine's volatility.| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.01) |
Hyperfine Backtested Returns
Currently, Hyperfine is very risky. Hyperfine holds Efficiency (Sharpe) Ratio of 0.0207, which attests that the entity had a 0.0207% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Hyperfine, which you can use to evaluate the volatility of the firm. Please check out Hyperfine's insignificant Market Risk Adjusted Performance, risk adjusted performance of 0.0074, and Standard Deviation of 3.43 to validate if the risk estimate we provide is consistent with the expected return of 0.0683%. Hyperfine has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.88, which attests to possible diversification benefits within a given portfolio. Hyperfine returns are very sensitive to returns on the market. As the market goes up or down, Hyperfine is expected to follow. Hyperfine right now retains a risk of 3.3%. Please check out Hyperfine total risk alpha, kurtosis, as well as the relationship between the Kurtosis and market facilitation index , to decide if Hyperfine will be following its current trending patterns.
Auto-correlation | -0.27 |
Weak reverse predictability
Hyperfine has weak reverse predictability. Overlapping area represents the amount of predictability between Hyperfine 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 Hyperfine price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Hyperfine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Hyperfine lagged returns against current returns
Autocorrelation, which is Hyperfine 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 Hyperfine's stock expected returns. We can calculate the autocorrelation of Hyperfine returns to help us make a trade decision. For example, suppose you find that Hyperfine 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 |
Hyperfine 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 Hyperfine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hyperfine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hyperfine stock over time.
Current vs Lagged Prices |
| Timeline |
Hyperfine Lagged Returns
When evaluating Hyperfine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hyperfine stock have on its future price. Hyperfine 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, Hyperfine autocorrelation shows the relationship between Hyperfine stock current value and its past values and can show if there is a momentum factor associated with investing in Hyperfine.
Regressed Prices |
| Timeline |
Pair Trading with Hyperfine
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 Hyperfine 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 Hyperfine will appreciate offsetting losses from the drop in the long position's value.Moving against Hyperfine Stock
| 0.53 | LH | Laboratory | PairCorr |
| 0.52 | MD | Mednax Inc | PairCorr |
| 0.47 | DOCS | Doximity | PairCorr |
| 0.45 | ELMD | Electromed | PairCorr |
| 0.4 | OM | Outset Medical | PairCorr |
The ability to find closely correlated positions to Hyperfine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyperfine 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 Hyperfine - 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 Hyperfine to buy it.
The correlation of Hyperfine 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 Hyperfine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyperfine 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 Hyperfine 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 Hyperfine Stock Analysis
When running Hyperfine's price analysis, check to measure Hyperfine'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 Hyperfine is operating at the current time. Most of Hyperfine's value examination focuses on studying past and present price action to predict the probability of Hyperfine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hyperfine's price. Additionally, you may evaluate how the addition of Hyperfine to your portfolios can decrease your overall portfolio volatility.