4 Stocks to Watch From the Prospering Accident Health Insurance Industry - Yahoo Finance
BHGDelisted Stock | USD 12.29 0.39 3.08% |
Roughly 62% of Bright Health's investor base is looking to short. The analysis of current outlook of investing in Bright Health Group suggests that many traders are alarmed regarding Bright Health's prospects. The current market sentiment, together with Bright Health's historical and current headlines, can help investors time the market. In addition, many technical investors use Bright Health Group stock news signals to limit their universe of possible portfolio assets.
Bright |
4 Stocks to Watch From the Prospering Accident Health Insurance Industry Yahoo Finance
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Bright Health Fundamental Analysis
We analyze Bright Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bright Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bright Health based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Bright Health is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Bright Health Group Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bright Health stock to make a market-neutral strategy. Peer analysis of Bright Health could also be used in its relative valuation, which is a method of valuing Bright Health by comparing valuation metrics with similar companies.
Peers
Bright Health Related Equities
UNH | UnitedHealth Group | 0.92 | ||||
CLOV | Clover Health | 0.88 | ||||
CNC | Centene Corp | 0.61 | ||||
ALHC | Alignment Healthcare | 0.24 | ||||
MOH | Molina Healthcare | 0.51 | ||||
CI | Cigna Corp | 1.01 | ||||
HUM | Humana | 1.05 | ||||
CVS | CVS Health | 1.93 | ||||
ELV | Elevance Health | 1.95 |
Check out Trending Equities to better understand how to build diversified portfolios. 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. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Other Consideration for investing in Bright Stock
If you are still planning to invest in Bright Health Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Bright Health's history and understand the potential risks before investing.
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