Ontrak Inc Preferred Stock Book Value Per Share
Ontrak Inc fundamentals help investors to digest information that contributes to Ontrak's financial success or failures. It also enables traders to predict the movement of Ontrak Preferred Stock. The fundamental analysis module provides a way to measure Ontrak'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 Ontrak preferred stock.
Ontrak |
Ontrak Inc Company Book Value Per Share Analysis
Ontrak's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
More About Book Value Per Share | All Equity Analysis
Book Value per Share | = | Common EquityAverage Shares |
Current Ontrak Book Value Per Share | 0.49 X |
Most of Ontrak's fundamental indicators, such as Book Value Per Share, 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, Ontrak Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
CompetitionIn accordance with the recently published financial statements, the book value per share of Ontrak Inc is about 0.491 times. This is 128.88% lower than that of the Healthcare sector and significantly higher than that of the Health Information Services industry. The book value per share for all United States preferred stocks is 99.97% higher than that of the company.
Ontrak Book Value Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ontrak's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Ontrak could also be used in its relative valuation, which is a method of valuing Ontrak by comparing valuation metrics of similar companies.Ontrak is currently under evaluation in book value per share category among its peers.
Ontrak Fundamentals
| Return On Equity | -1.91 | ||||
| Return On Asset | -0.39 | ||||
| Profit Margin | (2.80) % | ||||
| Operating Margin | (2.04) % | ||||
| Current Valuation | 200.23 M | ||||
| Number Of Shares Shorted | 17.23 K | ||||
| Revenue | 84.13 M | ||||
| Gross Profit | 52.92 M | ||||
| EBITDA | (24.98 M) | ||||
| Net Income | (37.14 M) | ||||
| Cash And Equivalents | 10.05 M | ||||
| Cash Per Share | 0.39 X | ||||
| Total Debt | 35.79 M | ||||
| Debt To Equity | 0.44 % | ||||
| Current Ratio | 2.72 X | ||||
| Book Value Per Share | 0.49 X | ||||
| Cash Flow From Operations | (26.16 M) | ||||
| Short Ratio | 0.34 X | ||||
| Earnings Per Share | (2.84) X | ||||
| Number Of Employees | 231 | ||||
| Beta | 2.72 | ||||
| Total Asset | 93.68 M | ||||
| Annual Yield | 1.41 % | ||||
| Net Asset | 93.68 M |
Pair Trading with Ontrak
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 Ontrak 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 Ontrak will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Best Buy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Best Buy 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 Best Buy - 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 Best Buy Co to buy it.
The correlation of Best Buy 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 Best Buy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Best Buy 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 Best Buy 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.Check out Your Equity Center 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 industry. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Other Consideration for investing in Ontrak Preferred Stock
If you are still planning to invest in Ontrak Inc 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 Ontrak's history and understand the potential risks before investing.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |