HeartCore Historical Financial Ratios
| HTCR Stock | USD 1.69 0.06 3.68% |
HeartCore Enterprises is recently reporting on over 92 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 2.65 or Days Sales Outstanding of 40.13 will help investors to properly organize and evaluate HeartCore Enterprises financial condition quickly.
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About HeartCore Financial Ratios Analysis
HeartCore EnterprisesFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate HeartCore Enterprises investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on HeartCore financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across HeartCore Enterprises history.
HeartCore Enterprises Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing HeartCore Enterprises stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on HeartCore Enterprises sales, a figure that is much harder to manipulate than other HeartCore Enterprises multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Most ratios from HeartCore Enterprises' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into HeartCore Enterprises current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 HeartCore Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in HeartCore Stock, please use our How to Invest in HeartCore Enterprises guide.At this time, HeartCore Enterprises' Cash Per Share is relatively stable compared to the past year. As of 12/02/2024, Income Quality is likely to grow to 1.05, while Days Sales Outstanding is likely to drop 40.13.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 8.72 | 10.98 | 7.84 | 13.4 | Days Of Inventory On Hand | 28.79 | 35.93 | 32.34 | 25.7 |
HeartCore Enterprises fundamentals Correlations
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HeartCore Enterprises Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with HeartCore Enterprises
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 HeartCore Enterprises 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 HeartCore Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving together with HeartCore Stock
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| 0.88 | BL | Blackline | PairCorr |
Moving against HeartCore Stock
The ability to find closely correlated positions to HeartCore Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HeartCore Enterprises 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 HeartCore Enterprises - 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 HeartCore Enterprises to buy it.
The correlation of HeartCore Enterprises 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 HeartCore Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HeartCore Enterprises 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 HeartCore Enterprises 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 HeartCore Stock Analysis
When running HeartCore Enterprises' price analysis, check to measure HeartCore Enterprises' 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 HeartCore Enterprises is operating at the current time. Most of HeartCore Enterprises' value examination focuses on studying past and present price action to predict the probability of HeartCore Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HeartCore Enterprises' price. Additionally, you may evaluate how the addition of HeartCore Enterprises to your portfolios can decrease your overall portfolio volatility.