HCA Holdings Price To Earning vs. Beta
| HCA Etf | USD 302.76 1.86 0.61% |
For HCA Holdings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of HCA Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well HCA Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between HCA Holdings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of HCA Holdings over time as well as its relative position and ranking within its peers.
HCA |
The market value of HCA Holdings is measured differently than its book value, which is the value of HCA that is recorded on the company's balance sheet. Investors also form their own opinion of HCA Holdings' value that differs from its market value or its book value, called intrinsic value, which is HCA Holdings' 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 HCA Holdings' market value can be influenced by many factors that don't directly affect HCA Holdings' 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 HCA Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if HCA Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HCA Holdings' 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.
HCA Holdings Beta vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining HCA Holdings's current stock value. Our valuation model uses many indicators to compare HCA Holdings value to that of its competitors to determine the firm's financial worth. HCA Holdings is rated below average in price to earning as compared to similar ETFs. It is rated # 3 ETF in beta as compared to similar ETFs totaling about 0.12 of Beta per Price To Earning. The ratio of Price To Earning to Beta for HCA Holdings is roughly 8.03 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the HCA Holdings' earnings, one of the primary drivers of an investment's value.HCA Beta vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
HCA Holdings |
| = | 13.57 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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.
HCA Holdings |
| = | 1.69 |
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.
HCA Beta Comparison
HCA Holdings is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, HCA Holdings will likely underperform.
HCA Holdings Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in HCA Holdings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, HCA Holdings will eventually generate negative long term returns. The profitability progress is the general direction of HCA Holdings' change in net profit over the period of time. It can combine multiple indicators of HCA Holdings, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
HCA Healthcare, Inc., through its subsidiaries, provides health care services company in the United States. HCA Healthcare, Inc. was founded in 1968 and is headquartered in Nashville, Tennessee. Hca Holdings operates under Medical Care Facilities classification in the United States and is traded on New York Stock Exchange. It employs 204000 people.
HCA Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on HCA Holdings. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of HCA Holdings position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the HCA Holdings' important profitability drivers and their relationship over time.
| Price To Earning vs Price To Book | ||
| Price To Sales vs Beta | ||
| Price To Earning vs Annual Yield | ||
| Net Asset vs Beta | ||
| Price To Earning vs Last Dividend Paid |
Use HCA Holdings in pair-trading
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 HCA Holdings 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 HCA Holdings will appreciate offsetting losses from the drop in the long position's value.HCA Holdings Pair Trading
HCA Holdings Pair Trading Analysis
The ability to find closely correlated positions to HCA Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HCA Holdings 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 HCA Holdings - 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 HCA Holdings to buy it.
The correlation of HCA Holdings 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 HCA Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HCA Holdings 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 HCA Holdings 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.Use Investing Themes to Complement your HCA Holdings position
In addition to having HCA Holdings in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Drugs Thematic Idea Now
Drugs
Companies involved in medical and pharmaceutical drug research, manufacturing, and delivery. The Drugs theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Drugs Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in HCA Etf
To fully project HCA Holdings' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of HCA Holdings at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include HCA Holdings' income statement, its balance sheet, and the statement of cash flows.