Aleafia Health Return On Asset vs. Cash And Equivalents

ALEAFDelisted Stock  USD 0.02  0.00  0.00%   
Considering the key profitability indicators obtained from Aleafia Health's historical financial statements, Aleafia Health may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Aleafia Health's ability to earn profits and add value for shareholders.
For Aleafia Health profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Aleafia Health to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Aleafia Health utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Aleafia Health's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Aleafia Health over time as well as its relative position and ranking within its peers.
  
Check out Trending Equities 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 nation.
Please note, there is a significant difference between Aleafia Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aleafia Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aleafia Health'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.

Aleafia Health Cash And Equivalents vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Aleafia Health's current stock value. Our valuation model uses many indicators to compare Aleafia Health value to that of its competitors to determine the firm's financial worth.
Aleafia Health is rated below average in return on asset category among its peers. It is rated below average in cash and equivalents category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Aleafia Health's earnings, one of the primary drivers of an investment's value.

Aleafia Cash And Equivalents vs. Return On Asset

Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Aleafia Health

Return On Asset

 = 

Net Income

Total Assets

 = 
-0.24
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Aleafia Health

Cash

 = 

Bank Deposits

+

Liquidities

 = 
5.46 M
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).

Aleafia Cash And Equivalents Comparison

Aleafia Health is currently under evaluation in cash and equivalents category among its peers.

Aleafia Health Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Aleafia Health, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Aleafia Health will eventually generate negative long term returns. The profitability progress is the general direction of Aleafia Health's change in net profit over the period of time. It can combine multiple indicators of Aleafia Health, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Aleafia Health Inc. operates as a cannabis health and wellness products and services company in Canada and internationally. It offers its products under the Divvy, Sunday Market, Bogarts Kitchen, Noon Night, Nith Grand, Kin Slips, and Emblem brands. Aleafia Health operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 211 people.

Aleafia Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Aleafia Health. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Aleafia Health position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Aleafia Health's important profitability drivers and their relationship over time.

Use Aleafia Health in pair-trading

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 Aleafia Health 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 Aleafia Health will appreciate offsetting losses from the drop in the long position's value.

Aleafia Health Pair Trading

Aleafia Health Pair Trading Analysis

The ability to find closely correlated positions to Aleafia Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aleafia Health 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 Aleafia Health - 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 Aleafia Health to buy it.
The correlation of Aleafia Health 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 Aleafia Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aleafia Health 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 Aleafia Health 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

Use Investing Themes to Complement your Aleafia Health position

In addition to having Aleafia Health in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Moderate Funds Thematic Idea Now

Moderate Funds
Moderate Funds Theme
Funds or Etfs that combine stocks, bonds and money market instruments to get modest capital appreciation over time. The Moderate Funds theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Moderate Funds Theme or any other thematic opportunities.
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Check out Trending Equities 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 nation.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Consideration for investing in Aleafia Pink Sheet

If you are still planning to invest in Aleafia Health 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 Aleafia Health's history and understand the potential risks before investing.
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