WELL Health Price To Book vs. Net Income
| WELL Stock | CAD 7.10 0.08 1.14% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.48 | 0.4797 |
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For WELL Health profitability analysis, we use financial ratios and fundamental drivers that measure the ability of WELL Health to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well WELL Health Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between WELL Health's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of WELL Health Technologies over time as well as its relative position and ranking within its peers.
WELL |
WELL Health Technologies Net Income vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining WELL Health's current stock value. Our valuation model uses many indicators to compare WELL Health value to that of its competitors to determine the firm's financial worth. WELL Health Technologies is rated first in price to book category among its peers. It is rated first in net income category among its peers making up about 39,298 of Net Income per Price To Book. At this time, WELL Health's Net Income is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value WELL Health by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for WELL Health's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.WELL Net Income vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
WELL Health |
| = | 2.09 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
WELL Health |
| = | 82 K |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
WELL Net Income Comparison
WELL Health is currently under evaluation in net income category among its peers.
WELL Health Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in WELL Health, profitability is also one of the essential criteria for including it into their portfolios because, without profit, WELL Health will eventually generate negative long term returns. The profitability progress is the general direction of WELL Health's change in net profit over the period of time. It can combine multiple indicators of WELL 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 25.7 M | 26.9 M | |
| Operating Income | 41.1 M | 43.2 M | |
| Income Before Tax | 19.9 M | 20.9 M | |
| Total Other Income Expense Net | -21.2 M | -20.2 M | |
| Net Income | 82 K | 86.1 K | |
| Income Tax Expense | 2.9 M | 3 M | |
| Net Interest Income | -31.6 M | -30 M | |
| Interest Income | 763 K | 675.9 K | |
| Net Income From Continuing Ops | 16.6 M | 17.5 M | |
| Net Income Applicable To Common Shares | 1.2 M | 1.3 M | |
| Change To Netincome | 43.5 M | 45.7 M | |
| Income Quality | 810.21 | 850.72 |
WELL Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on WELL 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 WELL 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 WELL Health's important profitability drivers and their relationship over time.
Use WELL 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 WELL 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 WELL Health will appreciate offsetting losses from the drop in the long position's value.WELL Health Pair Trading
WELL Health Technologies Pair Trading Analysis
The ability to find closely correlated positions to WELL 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 WELL 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 WELL 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 WELL Health Technologies to buy it.
The correlation of WELL 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 WELL Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WELL Health Technologies 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 WELL 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.Use Investing Themes to Complement your WELL Health position
In addition to having WELL 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 Services Thematic Idea Now
Services
Companies involved in delivering services to business or consumers across different industries and sectors. The Services theme has 30 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 Services Theme or any other thematic opportunities.
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Other Information on Investing in WELL Stock
To fully project WELL Health's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of WELL Health Technologies 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 WELL Health's income statement, its balance sheet, and the statement of cash flows.