Empower Clinics Return On Asset vs. Cash And Equivalents
| EPWCF Stock | USD 0.0001 0.00 0.00% |
For Empower Clinics profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Empower Clinics to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Empower Clinics utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Empower Clinics's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Empower Clinics over time as well as its relative position and ranking within its peers.
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Empower Clinics Cash And Equivalents vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Empower Clinics's current stock value. Our valuation model uses many indicators to compare Empower Clinics value to that of its competitors to determine the firm's financial worth. Empower Clinics is one of the top stocks in return on asset category among its peers. It also is one of the top stocks 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 Empower Clinics' earnings, one of the primary drivers of an investment's value.Empower 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.
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| = | -0.5 |
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.
Empower Clinics |
| = | 866.17 K |
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).
Empower Cash And Equivalents Comparison
Empower Clinics is currently under evaluation in cash and equivalents category among its peers.
Empower Clinics Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Empower Clinics, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Empower Clinics will eventually generate negative long term returns. The profitability progress is the general direction of Empower Clinics' change in net profit over the period of time. It can combine multiple indicators of Empower Clinics, 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.
Empower Clinics Inc., an integrated healthcare company, provides body and mind wellness services for patients through digital and telemedicine care, and medical diagnostics laboratories in the United States and Canada. It has a strategic alliance with SoLVBL Solutions Inc. to develop a program for data security in diagnostic testing. Empower Clinics operates under Medical Care Facilities classification in the United States and is traded on OTC Exchange.
Empower Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Empower Clinics. 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 Empower Clinics 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 Empower Clinics' important profitability drivers and their relationship over time.
Use Empower Clinics 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 Empower Clinics 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 Empower Clinics will appreciate offsetting losses from the drop in the long position's value.Empower Clinics Pair Trading
Empower Clinics Pair Trading Analysis
The ability to find closely correlated positions to Empower Clinics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empower Clinics 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 Empower Clinics - 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 Empower Clinics to buy it.
The correlation of Empower Clinics 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 Empower Clinics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empower Clinics 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 Empower Clinics 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.Use Investing Themes to Complement your Empower Clinics position
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Other Information on Investing in Empower OTC Stock
To fully project Empower Clinics' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Empower Clinics at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Empower Clinics' income statement, its balance sheet, and the statement of cash flows.