HealWELL Ev To Sales vs Price To Sales Ratio Analysis
| AIDX Stock | 2.32 0.26 12.62% |
HealWELL financial indicator trend analysis is much more than just examining HealWELL AI latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HealWELL AI is a good investment. Please check the relationship between HealWELL Ev To Sales and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in HealWELL AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Ev To Sales vs Price To Sales Ratio
Ev To Sales vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HealWELL AI Ev To Sales account and Price To Sales Ratio. At this time, the significance of the direction appears to have totally related.
The correlation between HealWELL's Ev To Sales and Price To Sales Ratio is 0.99. Overlapping area represents the amount of variation of Ev To Sales that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of HealWELL AI, assuming nothing else is changed. The correlation between historical values of HealWELL's Ev To Sales and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Sales of HealWELL AI are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Ev To Sales i.e., HealWELL's Ev To Sales and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Price To Sales Ratio
Price to Sales Ratio is figured by comparing HealWELL AI stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on HealWELL sales, a figure that is much harder to manipulate than other HealWELL AI multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from HealWELL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HealWELL AI current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in HealWELL AI. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, HealWELL's Selling General Administrative is very stable compared to the past year. As of the 14th of December 2024, Tax Provision is likely to grow to about 1.5 M, though Enterprise Value Over EBITDA is likely to grow to (2.56).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 462K | 618K | 710.7K | 581.1K | Depreciation And Amortization | 4.3M | 2.5M | 1.5M | 2.3M |
HealWELL fundamental ratios Correlations
Click cells to compare fundamentals
HealWELL Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with HealWELL
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 HealWELL 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 HealWELL will appreciate offsetting losses from the drop in the long position's value.Moving together with HealWELL Stock
Moving against HealWELL Stock
The ability to find closely correlated positions to HealWELL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HealWELL 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 HealWELL - 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 HealWELL AI to buy it.
The correlation of HealWELL 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 HealWELL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HealWELL AI 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 HealWELL 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.Other Information on Investing in HealWELL Stock
Balance Sheet is a snapshot of the financial position of HealWELL AI at a specified time, usually calculated after every quarter, six months, or one year. HealWELL Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HealWELL and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which HealWELL currently owns. An asset can also be divided into two categories, current and non-current.