Ontrak Inc Preferred Stock Gross Profit
| OTRKPDelisted Preferred Stock | USD 0.53 0.00 0.00% |
Ontrak Inc fundamentals help investors to digest information that contributes to Ontrak's financial success or failures. It also enables traders to predict the movement of Ontrak Preferred Stock. The fundamental analysis module provides a way to measure Ontrak's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ontrak preferred stock.
Ontrak |
Ontrak Inc Company Gross Profit Analysis
Ontrak's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Current Ontrak Gross Profit | 52.92 M |
Most of Ontrak's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ontrak Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
CompetitionAccording to the company disclosure, Ontrak Inc reported 52.92 M of gross profit. This is 97.64% lower than that of the Healthcare sector and significantly higher than that of the Health Information Services industry. The gross profit for all United States preferred stocks is 99.81% higher than that of the company.
Ontrak Gross Profit Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ontrak's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Ontrak could also be used in its relative valuation, which is a method of valuing Ontrak by comparing valuation metrics of similar companies.Ontrak is currently under evaluation in gross profit category among its peers.
Ontrak Fundamentals
| Return On Equity | -1.91 | ||||
| Return On Asset | -0.39 | ||||
| Profit Margin | (2.80) % | ||||
| Operating Margin | (2.04) % | ||||
| Current Valuation | 200.23 M | ||||
| Number Of Shares Shorted | 17.23 K | ||||
| Revenue | 84.13 M | ||||
| Gross Profit | 52.92 M | ||||
| EBITDA | (24.98 M) | ||||
| Net Income | (37.14 M) | ||||
| Cash And Equivalents | 10.05 M | ||||
| Cash Per Share | 0.39 X | ||||
| Total Debt | 35.79 M | ||||
| Debt To Equity | 0.44 % | ||||
| Current Ratio | 2.72 X | ||||
| Book Value Per Share | 0.49 X | ||||
| Cash Flow From Operations | (26.16 M) | ||||
| Short Ratio | 0.34 X | ||||
| Earnings Per Share | (2.84) X | ||||
| Number Of Employees | 231 | ||||
| Beta | 2.72 | ||||
| Total Asset | 93.68 M | ||||
| Annual Yield | 1.41 % | ||||
| Net Asset | 93.68 M |
About Ontrak Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ontrak Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ontrak using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ontrak Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Ontrak
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 Ontrak 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 Ontrak will appreciate offsetting losses from the drop in the long position's value.Moving together with Ontrak Preferred Stock
Moving against Ontrak Preferred Stock
| 0.71 | VASO | Vaso Corp | PairCorr |
| 0.62 | VSEEW | VSee Health, Symbol Change | PairCorr |
| 0.51 | VAXX | Vaxxinity | PairCorr |
| 0.48 | MDRX | Veradigm | PairCorr |
| 0.46 | SPOK | Spok Holdings | PairCorr |
The ability to find closely correlated positions to Ontrak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ontrak 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 Ontrak - 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 Ontrak Inc to buy it.
The correlation of Ontrak 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 Ontrak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ontrak Inc 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 Ontrak 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 Your Equity Center 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 industry. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in Ontrak Preferred Stock
If you are still planning to invest in Ontrak Inc 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 Ontrak's history and understand the potential risks before investing.
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