Hims Hers Health Stock Market Value
| HIMS Stock | USD 16.88 1.05 6.63% |
| Symbol | Hims |
Hims Hers Health Price To Book Ratio
Is Hims Hers' industry 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 Hims Hers. If investors know Hims 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 Hims Hers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Revenue Per Share 4.549 | Quarterly Revenue Growth 0.458 | Return On Assets (0.01) | Return On Equity (0.01) |
The market value of Hims Hers Health is measured differently than its book value, which is the value of Hims that is recorded on the company's balance sheet. Investors also form their own opinion of Hims Hers' value that differs from its market value or its book value, called intrinsic value, which is Hims Hers' 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 Hims Hers' market value can be influenced by many factors that don't directly affect Hims Hers' 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 Hims Hers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hims Hers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hims Hers' 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.
Hims Hers '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 Hims Hers' 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 Hims Hers.
| 03/28/2024 |
| 05/27/2024 |
If you would invest 0.00 in Hims Hers on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Hims Hers Health or generate 0.0% return on investment in Hims Hers over 60 days. Hims Hers is related to or competes with ELF Beauty, Newell Brands, Virgin Group, Estee Lauder, Honest, Procter Gamble, and Coty. Hims Hers Health, Inc. operates a multi-specialty telehealth platform that connects consumers to licensed healthcare pro... More
Hims Hers 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 Hims Hers' 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 Hims Hers Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.48 | |||
| Information Ratio | 0.1598 | |||
| Maximum Drawdown | 39.03 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 7.67 |
Hims Hers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hims Hers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hims Hers' standard deviation. In reality, there are many statistical measures that can use Hims Hers historical prices to predict the future Hims Hers' volatility.| Risk Adjusted Performance | 0.1067 | |||
| Jensen Alpha | 0.9704 | |||
| Total Risk Alpha | 0.637 | |||
| Sortino Ratio | 0.2909 | |||
| Treynor Ratio | 0.5012 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hims Hers' 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.
Hims Hers Health Backtested Returns
Hims Hers appears to be somewhat reliable, given 3 months investment horizon. Hims Hers Health holds Efficiency (Sharpe) Ratio of 0.0934, which attests that the entity had a 0.0934% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hims Hers Health, which you can use to evaluate the volatility of the firm. Please utilize Hims Hers' Downside Deviation of 3.48, risk adjusted performance of 0.1067, and Market Risk Adjusted Performance of 0.5112 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hims Hers holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of 2.1, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hims Hers will likely underperform. Please check Hims Hers' semi variance, and the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether Hims Hers' current trending patterns will revert.
Auto-correlation | -0.86 |
Excellent reverse predictability
Hims Hers Health has excellent reverse predictability. Overlapping area represents the amount of predictability between Hims Hers time series from 28th of March 2024 to 27th of April 2024 and 27th of April 2024 to 27th of May 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 Hims Hers Health price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Hims Hers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 4.43 |
Hims Hers Health lagged returns against current returns
Autocorrelation, which is Hims Hers 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 Hims Hers' stock expected returns. We can calculate the autocorrelation of Hims Hers returns to help us make a trade decision. For example, suppose you find that Hims Hers 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 |
Hims Hers 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 Hims Hers stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hims Hers stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hims Hers stock over time.
Current vs Lagged Prices |
| Timeline |
Hims Hers Lagged Returns
When evaluating Hims Hers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hims Hers stock have on its future price. Hims Hers 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, Hims Hers autocorrelation shows the relationship between Hims Hers stock current value and its past values and can show if there is a momentum factor associated with investing in Hims Hers Health.
Regressed Prices |
| Timeline |
Pair Trading with Hims Hers
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 Hims Hers 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 Hims Hers will appreciate offsetting losses from the drop in the long position's value.Moving together with Hims Stock
| 0.67 | EW | Edwards Lifesciences Corp | PairCorr |
Moving against Hims Stock
| 0.59 | DYNT | Dynatronics Fiscal Year End 26th of September 2024 | PairCorr |
| 0.55 | VERO | Venus Concept | PairCorr |
The ability to find closely correlated positions to Hims Hers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hims Hers 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 Hims Hers - 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 Hims Hers Health to buy it.
The correlation of Hims Hers 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 Hims Hers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hims Hers Health 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 Hims Hers 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.Check out Hims Hers Correlation, Hims Hers Volatility and Hims Hers Alpha and Beta module to complement your research on Hims Hers. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Hims Stock analysis
When running Hims Hers' price analysis, check to measure Hims Hers' 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 Hims Hers is operating at the current time. Most of Hims Hers' value examination focuses on studying past and present price action to predict the probability of Hims Hers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hims Hers' price. Additionally, you may evaluate how the addition of Hims Hers to your portfolios can decrease your overall portfolio volatility.
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Hims Hers 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.