Hyrecar Stock Performance
The company retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HyreCar are completely uncorrelated.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days HyreCar has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable technical and fundamental indicators, HyreCar is not utilizing all of its potentials. The recent stock price agitation, may contribute to short-term losses for the retail investors. ...more
HyreCar |
HyreCar Relative Risk vs. Return Landscape
If you would invest 0.00 in HyreCar on December 17, 2024 and sell it today you would earn a total of 0.00 from holding HyreCar or generate 0.0% return on investment over 90 days. HyreCar is currently producing negative expected returns and takes up 0.0% volatility of returns over 90 trading days. Put another way, 0% of traded pink sheets are less volatile than HyreCar, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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HyreCar Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for HyreCar's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as HyreCar, and traders can use it to determine the average amount a HyreCar's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average HyreCar is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of HyreCar by adding HyreCar to a well-diversified portfolio.
Things to note about HyreCar performance evaluation
Checking the ongoing alerts about HyreCar for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for HyreCar help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| HyreCar generated a negative expected return over the last 90 days | |
| HyreCar has some characteristics of a very speculative penny stock |
- Analyzing HyreCar's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether HyreCar's stock is overvalued or undervalued compared to its peers.
- Examining HyreCar's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating HyreCar's management team can have a significant impact on its success or failure. Reviewing the track record and experience of HyreCar's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of HyreCar's pink sheet. These opinions can provide insight into HyreCar's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for HyreCar Pink Sheet Analysis
When running HyreCar's price analysis, check to measure HyreCar'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 HyreCar is operating at the current time. Most of HyreCar's value examination focuses on studying past and present price action to predict the probability of HyreCar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HyreCar's price. Additionally, you may evaluate how the addition of HyreCar to your portfolios can decrease your overall portfolio volatility.