Is WELL Health Technologies Corp.s Recent Price Movement Underpinned By Its Weak Fundamentals - Yahoo Finance
| WELL Stock | CAD 7.06 0.01 0.14% |
About 51% of WELL Health's investor base is interested to short. The analysis of overall sentiment of trading WELL Health Technologies stock suggests that many investors are impartial at this time. WELL Health's investing sentiment overview a quick insight into current market opportunities from investing in WELL Health Technologies. Many technical investors use WELL Health Technologies stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
WELL |
Is WELL Health Technologies Corp.s Recent Price Movement Underpinned By Its Weak Fundamentals Yahoo Finance
Read at news.google.com
 |
WELL Health Fundamental Analysis
We analyze WELL Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of WELL Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of WELL Health 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.
Beta
Beta Comparative Analysis
WELL Health is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
WELL Health Technologies Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with WELL Health stock to make a market-neutral strategy. Peer analysis of WELL Health could also be used in its relative valuation, which is a method of valuing WELL Health by comparing valuation metrics with similar companies.
Peers
WELL Health Related Equities
| LSPD | Lightspeed Commerce | 0.31 |
| ||
| DCBO | Docebo | 1.27 |
| ||
| FOOD | Goodfood Market | 6.98 |
|
Other Information on Investing in WELL Stock
WELL Health financial ratios help investors to determine whether WELL 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 WELL with respect to the benefits of owning WELL Health security.