Healthstream Stock Market Value
| HSTM Stock | USD 31.62 0.17 0.54% |
| Symbol | HealthStream |
HealthStream Price To Book Ratio
Is Health Care Technology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HealthStream. If investors know HealthStream will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HealthStream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.494 | Dividend Share 0.109 | Earnings Share 0.65 | Revenue Per Share 9.485 | Quarterly Revenue Growth 0.039 |
The market value of HealthStream is measured differently than its book value, which is the value of HealthStream that is recorded on the company's balance sheet. Investors also form their own opinion of HealthStream's value that differs from its market value or its book value, called intrinsic value, which is HealthStream's 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 HealthStream's market value can be influenced by many factors that don't directly affect HealthStream's 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 HealthStream's value and its price as these two are different measures arrived at by different means. Investors typically determine if HealthStream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HealthStream's 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.
HealthStream 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to HealthStream's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of HealthStream.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in HealthStream on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding HealthStream or generate 0.0% return on investment in HealthStream over 30 days. HealthStream is related to or competes with National Research, Forian, Streamline Health, Definitive Healthcare, Certara, and Phreesia. HealthStream, Inc. provides workforce and provider solutions for healthcare organizations in the United States More
HealthStream Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure HealthStream's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess HealthStream upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.0592 | |||
| Maximum Drawdown | 10.49 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.36 |
HealthStream Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HealthStream's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HealthStream's standard deviation. In reality, there are many statistical measures that can use HealthStream historical prices to predict the future HealthStream's volatility.| Risk Adjusted Performance | 0.0678 | |||
| Jensen Alpha | 0.1149 | |||
| Total Risk Alpha | 0.0735 | |||
| Sortino Ratio | 0.0646 | |||
| Treynor Ratio | 0.368 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HealthStream's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
HealthStream Backtested Returns
As of now, HealthStream Stock is very steady. HealthStream holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for HealthStream, which you can use to evaluate the volatility of the firm. Please check out HealthStream's risk adjusted performance of 0.0678, and Market Risk Adjusted Performance of 0.378 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. HealthStream has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HealthStream's returns are expected to increase less than the market. However, during the bear market, the loss of holding HealthStream is expected to be smaller as well. HealthStream right now retains a risk of 1.69%. Please check out HealthStream coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if HealthStream will be following its current trending patterns.
Auto-correlation | 0.63 |
Good predictability
HealthStream has good predictability. Overlapping area represents the amount of predictability between HealthStream time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HealthStream price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current HealthStream price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
HealthStream lagged returns against current returns
Autocorrelation, which is HealthStream stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting HealthStream's stock expected returns. We can calculate the autocorrelation of HealthStream returns to help us make a trade decision. For example, suppose you find that HealthStream has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
HealthStream regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If HealthStream stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HealthStream stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HealthStream stock over time.
Current vs Lagged Prices |
| Timeline |
HealthStream Lagged Returns
When evaluating HealthStream's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HealthStream stock have on its future price. HealthStream autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, HealthStream autocorrelation shows the relationship between HealthStream stock current value and its past values and can show if there is a momentum factor associated with investing in HealthStream.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out HealthStream Correlation, HealthStream Volatility and HealthStream Alpha and Beta module to complement your research on HealthStream. To learn how to invest in HealthStream Stock, please use our How to Invest in HealthStream guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
HealthStream technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.