Northwest Healthcare Properties Stock Beta
| NWH-UN Stock | CAD 5.04 0.02 0.40% |
NorthWest Healthcare Properties fundamentals help investors to digest information that contributes to NorthWest Healthcare's financial success or failures. It also enables traders to predict the movement of NorthWest Stock. The fundamental analysis module provides a way to measure NorthWest Healthcare's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NorthWest Healthcare stock.
NorthWest | Beta |
NorthWest Healthcare Properties Company Beta Analysis
NorthWest Healthcare's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current NorthWest Healthcare Beta | 1.08 |
Most of NorthWest Healthcare's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NorthWest Healthcare Properties is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NorthWest Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for NorthWest Healthcare is extremely important. It helps to project a fair market value of NorthWest Stock properly, considering its historical fundamentals such as Beta. Since NorthWest Healthcare's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NorthWest Healthcare's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NorthWest Healthcare's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, NorthWest Healthcare Properties has a Beta of 1.079. This is 49.86% higher than that of the Diversified REITs sector and significantly higher than that of the Real Estate industry. The beta for all Canada stocks is notably lower than that of the firm.
NorthWest Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NorthWest Healthcare's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NorthWest Healthcare could also be used in its relative valuation, which is a method of valuing NorthWest Healthcare by comparing valuation metrics of similar companies.NorthWest Healthcare is currently under evaluation in beta category among its peers.
NorthWest Healthcare Current Valuation Drivers
We derive many important indicators used in calculating different scores of NorthWest Healthcare from analyzing NorthWest Healthcare's financial statements. These drivers represent accounts that assess NorthWest Healthcare's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NorthWest Healthcare's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 981.8M | 1.7B | 2.9B | 1.3B | 1.1B | 738.2M | |
| Enterprise Value | 3.7B | 4.2B | 5.7B | 5.1B | 4.6B | 4.8B |
NorthWest Healthcare returns are very sensitive to returns on the market. As the market goes up or down, NorthWest Healthcare is expected to follow.
NorthWest Fundamentals
| Return On Equity | -0.15 | ||||
| Return On Asset | 0.0291 | ||||
| Profit Margin | (0.75) % | ||||
| Operating Margin | 0.66 % | ||||
| Current Valuation | 4.28 B | ||||
| Shares Outstanding | 247.18 M | ||||
| Shares Owned By Insiders | 0.30 % | ||||
| Shares Owned By Institutions | 21.65 % | ||||
| Number Of Shares Shorted | 14.21 M | ||||
| Price To Earning | 25.84 X | ||||
| Price To Book | 0.76 X | ||||
| Price To Sales | 2.40 X | ||||
| Revenue | 508 M | ||||
| Gross Profit | 418.14 M | ||||
| EBITDA | (263.91 M) | ||||
| Net Income | (480.74 M) | ||||
| Cash And Equivalents | 130.66 M | ||||
| Cash Per Share | 0.74 X | ||||
| Total Debt | 3.92 B | ||||
| Debt To Equity | 1.22 % | ||||
| Current Ratio | 0.32 X | ||||
| Book Value Per Share | 8.20 X | ||||
| Cash Flow From Operations | 104.77 M | ||||
| Short Ratio | 20.92 X | ||||
| Earnings Per Share | (1.81) X | ||||
| Target Price | 5.71 | ||||
| Beta | 1.08 | ||||
| Market Capitalization | 1.26 B | ||||
| Total Asset | 7.63 B | ||||
| Retained Earnings | (277.04 M) | ||||
| Working Capital | (459.83 M) | ||||
| Current Asset | 31.25 M | ||||
| Current Liabilities | 22.82 M | ||||
| Annual Yield | 0.07 % | ||||
| Five Year Return | 7.46 % | ||||
| Net Asset | 7.63 B |
About NorthWest Healthcare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NorthWest Healthcare Properties's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NorthWest Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NorthWest Healthcare Properties based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with NorthWest Healthcare
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 NorthWest Healthcare 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 NorthWest Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with NorthWest Stock
Moving against NorthWest Stock
The ability to find closely correlated positions to NorthWest Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NorthWest Healthcare 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 NorthWest Healthcare - 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 NorthWest Healthcare Properties to buy it.
The correlation of NorthWest Healthcare 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 NorthWest Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NorthWest Healthcare 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 NorthWest Healthcare 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 NorthWest Stock
NorthWest Healthcare financial ratios help investors to determine whether NorthWest Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NorthWest with respect to the benefits of owning NorthWest Healthcare security.