HQY Stock | | | USD 94.95 0.19 0.20% |
HealthEquity financial indicator trend analysis is much more than just examining HealthEquity latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HealthEquity is a good investment. Please check the relationship between HealthEquity Ptb Ratio and its Cash Per Share accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HealthEquity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in producer price index.
For more information on how to buy HealthEquity Stock please use our
How to Invest in HealthEquity guide.
Ptb Ratio vs Cash Per Share
Ptb Ratio vs Cash Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
HealthEquity Ptb Ratio account and
Cash Per Share. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between HealthEquity's Ptb Ratio and Cash Per Share is 0.41. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Cash Per Share in the same time period over historical financial statements of HealthEquity, assuming nothing else is changed. The correlation between historical values of HealthEquity's Ptb Ratio and Cash Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of HealthEquity are associated (or correlated) with its Cash Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Per Share has no effect on the direction of Ptb Ratio i.e., HealthEquity's Ptb Ratio and Cash Per Share go up and down completely randomly.
Correlation Coefficient | 0.41 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.
Cash Per Share
Most indicators from HealthEquity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HealthEquity current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HealthEquity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in producer price index.
For more information on how to buy HealthEquity Stock please use our
How to Invest in HealthEquity guide.At this time, HealthEquity's
Selling General Administrative is fairly stable compared to the past year.
Tax Provision is likely to rise to about 20.3
M in 2024, whereas
Sales General And Administrative To Revenue is likely to drop 0.08 in 2024.
HealthEquity fundamental ratios Correlations
Click cells to compare fundamentals
HealthEquity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
HealthEquity fundamental ratios Accounts
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for HealthEquity Stock Analysis
When running HealthEquity's price analysis, check to
measure HealthEquity'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 HealthEquity is operating at the current time. Most of HealthEquity's value examination focuses on studying past and present price action to
predict the probability of HealthEquity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HealthEquity's price. Additionally, you may evaluate how the addition of HealthEquity to your portfolios can decrease your overall portfolio volatility.