HealWELL Retained Earnings vs Other Assets 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 Retained Earnings and its Other Assets 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.

Retained Earnings vs Other Assets

Retained Earnings vs Other Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HealWELL AI Retained Earnings account and Other Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between HealWELL's Retained Earnings and Other Assets is 0.64. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Assets 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 Retained Earnings and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of HealWELL AI are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Retained Earnings i.e., HealWELL's Retained Earnings and Other Assets go up and down completely randomly.

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Other Assets

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 Expense462K618K710.7K581.1K
Depreciation And Amortization4.3M2.5M1.5M2.3M

HealWELL fundamental ratios Correlations

0.430.940.750.95-0.72-0.76-0.80.850.720.970.620.730.380.97-0.960.870.740.960.960.920.040.98-0.1-0.690.94
0.430.580.220.14-0.84-0.63-0.840.110.750.280.830.74-0.510.58-0.460.110.720.40.560.59-0.230.51-0.87-0.90.7
0.940.580.860.81-0.8-0.67-0.870.840.680.920.630.680.350.98-0.970.660.650.890.990.850.240.98-0.37-0.820.95
0.750.220.860.7-0.54-0.34-0.610.910.340.840.290.350.630.77-0.870.490.180.690.840.510.580.8-0.22-0.580.68
0.950.140.810.7-0.5-0.64-0.590.850.560.960.410.570.530.86-0.90.940.590.890.850.80.060.890.19-0.450.79
-0.72-0.84-0.8-0.54-0.50.880.99-0.57-0.93-0.6-0.95-0.930.24-0.790.76-0.5-0.77-0.75-0.82-0.810.22-0.760.680.97-0.88
-0.76-0.63-0.67-0.34-0.640.880.87-0.53-0.98-0.61-0.94-0.990.26-0.730.71-0.76-0.89-0.81-0.74-0.880.54-0.720.320.77-0.83
-0.8-0.84-0.87-0.61-0.590.990.87-0.61-0.92-0.69-0.92-0.920.15-0.870.84-0.56-0.79-0.79-0.89-0.850.15-0.840.640.98-0.93
0.850.110.840.910.85-0.57-0.53-0.610.480.890.380.480.620.8-0.890.730.340.870.870.680.320.850.01-0.510.73
0.720.750.680.340.56-0.93-0.98-0.920.480.570.981.0-0.350.73-0.70.660.880.750.730.85-0.510.7-0.47-0.860.83
0.970.280.920.840.96-0.6-0.61-0.690.890.570.460.580.540.92-0.970.840.550.880.930.780.220.95-0.01-0.590.85
0.620.830.630.290.41-0.95-0.94-0.920.380.980.460.98-0.470.66-0.620.510.830.650.670.77-0.510.62-0.62-0.890.78
0.730.740.680.350.57-0.93-0.99-0.920.481.00.580.98-0.340.73-0.710.670.880.760.740.85-0.510.7-0.47-0.850.83
0.38-0.510.350.630.530.240.260.150.62-0.350.54-0.47-0.340.31-0.380.31-0.270.310.320.070.750.370.520.220.12
0.970.580.980.770.86-0.79-0.73-0.870.80.730.920.660.730.31-0.950.730.750.930.990.920.121.0-0.29-0.80.98
-0.96-0.46-0.97-0.87-0.90.760.710.84-0.89-0.7-0.97-0.62-0.71-0.38-0.95-0.78-0.61-0.9-0.98-0.82-0.17-0.970.240.76-0.91
0.870.110.660.490.94-0.5-0.76-0.560.730.660.840.510.670.310.73-0.780.660.840.720.79-0.260.770.27-0.390.7
0.740.720.650.180.59-0.77-0.89-0.790.340.880.550.830.88-0.270.75-0.610.660.750.680.92-0.510.71-0.3-0.710.84
0.960.40.890.690.89-0.75-0.81-0.790.870.750.880.650.760.310.93-0.90.840.750.930.95-0.050.94-0.09-0.670.92
0.960.560.990.840.85-0.82-0.74-0.890.870.730.930.670.740.320.99-0.980.720.680.930.880.160.99-0.33-0.820.96
0.920.590.850.510.8-0.81-0.88-0.850.680.850.780.770.850.070.92-0.820.790.920.950.88-0.240.9-0.21-0.740.95
0.04-0.230.240.580.060.220.540.150.32-0.510.22-0.51-0.510.750.12-0.17-0.26-0.51-0.050.16-0.240.15-0.010.08-0.03
0.980.510.980.80.89-0.76-0.72-0.840.850.70.950.620.70.371.0-0.970.770.710.940.990.90.15-0.23-0.760.96
-0.1-0.87-0.37-0.220.190.680.320.640.01-0.47-0.01-0.62-0.470.52-0.290.240.27-0.3-0.09-0.33-0.21-0.01-0.230.78-0.4
-0.69-0.9-0.82-0.58-0.450.970.770.98-0.51-0.86-0.59-0.89-0.850.22-0.80.76-0.39-0.71-0.67-0.82-0.740.08-0.760.78-0.87
0.940.70.950.680.79-0.88-0.83-0.930.730.830.850.780.830.120.98-0.910.70.840.920.960.95-0.030.96-0.4-0.87
Click cells to compare fundamentals

HealWELL Account Relationship Matchups

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

  0.85WELL WELL Health TechnologiesPairCorr
  0.71EXE ExtendicarePairCorr

Moving against HealWELL Stock

  0.52SIA Sienna Senior LivingPairCorr
  0.35TD Toronto Dominion BankPairCorr
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.
Pair CorrelationCorrelation Matching

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.