Bright Health Shares Owned By Institutions vs. Current Valuation
| BHGDelisted Stock | USD 12.29 0.39 3.08% |
For Bright Health profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bright Health to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bright Health Group utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bright Health's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bright Health Group over time as well as its relative position and ranking within its peers.
Bright |
Bright Health Group Current Valuation vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Bright Health's current stock value. Our valuation model uses many indicators to compare Bright Health value to that of its competitors to determine the firm's financial worth. Bright Health Group is rated below average in shares owned by institutions category among its peers. It also is rated below average in current valuation category among its peers reporting about 19,232,492 of Current Valuation per Shares Owned By Institutions. Comparative valuation analysis is a catch-all technique that is used if you cannot value Bright Health by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Bright Current Valuation vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Bright Health |
| = | 65.02 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Bright Health |
| = | 1.25 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Bright Current Valuation vs Competition
Bright Health Group is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Health Care industry is currently estimated at about 972.67 Billion. Bright Health adds roughly 1.25 Billion in current valuation claiming only tiny portion of equities under Health Care industry.
Bright Health Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Bright Health, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Bright Health will eventually generate negative long term returns. The profitability progress is the general direction of Bright Health's change in net profit over the period of time. It can combine multiple indicators of Bright Health, 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.
Bright Health Group, Inc., a healthcare company, provides health insurance policies in the United States. Bright Health Group, Inc. was incorporated in 2015 and is headquartered in Minneapolis, Minnesota. Bright Health operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 3203 people.
Bright Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Bright Health. 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 Bright Health 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 Bright Health's important profitability drivers and their relationship over time.
Use Bright Health 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 Bright Health 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 Bright Health will appreciate offsetting losses from the drop in the long position's value.Bright Health Pair Trading
Bright Health Group Pair Trading Analysis
The ability to find closely correlated positions to Bright Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bright Health 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 Bright Health - 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 Bright Health Group to buy it.
The correlation of Bright Health 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 Bright Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bright Health Group 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 Bright Health 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 Bright Health position
In addition to having Bright Health 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 Alcohol Thematic Idea Now
Alcohol
Companies involved in production and distribution of wines and alcoholic beverages. The Alcohol theme has 43 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 Alcohol Theme or any other thematic opportunities.
| View All Next | Launch |
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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |