EHealth Historical Valuation
| EHTH Stock | USD 5.31 0.54 11.32% |
Some fundamental drivers such as market cap or EHealth enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze eHealth valuation indicators such as Enterprise Value of 350.9 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of EHealth's future value.
EHealth |
About EHealth Valuation Data Analysis
Valuation is the financial process of determining what EHealth is worth. EHealth valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. EHealth valuation ratios help investors to determine whether EHealth Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EHealth with respect to the benefits of owning EHealth security.
EHealth Valuation Data Chart
EHealth valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of EHealth equity instrument and the benefits of owning shares of eHealth.
Enterprise Value
Enterprise Value (or EV) is usually referred to as EHealth theoretical takeover price. In the event of an acquisition, an acquirer would have to take on eHealth debt, but would also pocket its cash. Enterprise Value is more accurate representation of EHealth value than its market capitalization because it takes into account all of eHealth existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with EHealth
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 EHealth 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 EHealth will appreciate offsetting losses from the drop in the long position's value.Moving together with EHealth Stock
| 0.92 | FANH | Fanhua Inc | PairCorr |
Moving against EHealth Stock
| 0.73 | C | Citigroup Aggressive Push | PairCorr |
| 0.58 | RDZNW | Roadzen Symbol Change | PairCorr |
| 0.48 | BK | Bank of New York Sell-off Trend | PairCorr |
The ability to find closely correlated positions to EHealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EHealth 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 EHealth - 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 eHealth to buy it.
The correlation of EHealth 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 EHealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eHealth 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 EHealth 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eHealth. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in EHealth Stock please use our How to Invest in EHealth guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for EHealth Stock analysis
When running EHealth's price analysis, check to measure EHealth'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 EHealth is operating at the current time. Most of EHealth's value examination focuses on studying past and present price action to predict the probability of EHealth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EHealth's price. Additionally, you may evaluate how the addition of EHealth to your portfolios can decrease your overall portfolio volatility.
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Is EHealth's 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 EHealth. If investors know EHealth 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 EHealth 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 2.108 | Earnings Share (2.37) | Revenue Per Share 16.165 | Quarterly Revenue Growth 0.262 | Return On Assets (0.02) |
The market value of eHealth is measured differently than its book value, which is the value of EHealth that is recorded on the company's balance sheet. Investors also form their own opinion of EHealth's value that differs from its market value or its book value, called intrinsic value, which is EHealth'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 EHealth's market value can be influenced by many factors that don't directly affect EHealth'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 EHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if EHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EHealth'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.