Worksport Stock Five Year Return

WKSP Stock

USD 0.84 0.01 1.20%

Worksport fundamentals help investors to digest information that contributes to Worksport's financial success or failures. It also enables traders to predict the movement of Worksport Stock. The fundamental analysis module provides a way to measure Worksport'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 Worksport stock.

Short Long Term Debt Total Total Assets

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Worksport Company Five Year Return Analysis

Worksport's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.

Five Year Return

(Mean of Monthly Returns - 1)

X

100%

More About Five Year Return | All Equity Analysis

Worksport Five Year Return Driver Correlations

Understanding the fundamental principles of building solid financial models for Worksport is extremely important. It helps to project a fair market value of Worksport Stock properly, considering its historical fundamentals such as Five Year Return. Since Worksport'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 Worksport'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 Worksport's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Net Receivables	Intangible Assets	Net Tangible Assets	Long Term Debt	Short Long Term Debt	Property Plant Equipment	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Investments	Short Term Investments
Total Assets		0.99	-0.63	-0.56	-0.84	0.85	0.82	0.86	0.57	-0.18	0.77	0.89	0.99	0.61	0.52	0.78	0.97	0.77	-0.87	0.61	0.77
Total Stockholder Equity	0.99		-0.6	-0.67	-0.76	0.78	0.71	0.92	0.48	-0.22	0.68	0.81	0.97	0.56	0.43	0.68	0.98	0.85	-0.84	0.53	0.69
Current Deferred Revenue	-0.63	-0.6		0.31	0.68	-0.82	-0.6	-0.53	-0.42	-0.11	-0.61	-0.58	-0.61	-0.87	-0.38	-0.51	-0.58	-0.43	0.82	-0.43	-0.5
Net Debt	-0.56	-0.67	0.31		0.06	-0.27	-0.01	-0.89	0.24	0.13	0.01	-0.13	-0.52	-0.19	0.29	0.08	-0.66	-0.95	0.42	0.21	0.05
Retained Earnings	-0.84	-0.76	0.68	0.06		-0.87	-0.95	-0.48	-0.88	0.06	-0.96	-0.97	-0.87	-0.72	-0.84	-0.96	-0.74	-0.32	0.83	-0.9	-0.97
Accounts Payable	0.85	0.78	-0.82	-0.27	-0.87		0.9	0.62	0.58	0.11	0.81	0.87	0.81	0.79	0.53	0.81	0.78	0.49	-0.93	0.61	0.75
Total Liab	0.82	0.71	-0.6	-0.01	-0.95	0.9		0.44	0.77	-0.02	0.9	0.97	0.8	0.66	0.72	0.98	0.72	0.3	-0.79	0.79	0.91
Total Current Assets	0.86	0.92	-0.53	-0.89	-0.48	0.62	0.44		0.15	-0.17	0.4	0.55	0.83	0.45	0.09	0.37	0.93	0.98	-0.73	0.19	0.37
Short Term Debt	0.57	0.48	-0.42	0.24	-0.88	0.58	0.77	0.15		-0.05	0.92	0.81	0.66	0.53	1.0	0.85	0.43	-0.02	-0.56	1.0	0.95
Common Stock	-0.18	-0.22	-0.11	0.13	0.06	0.11	-0.02	-0.17	-0.05		0.09	-0.16	-0.18	0.27	-0.04	-0.14	-0.21	-0.18	0.02	-0.06	-0.14
Net Receivables	0.77	0.68	-0.61	0.01	-0.96	0.81	0.9	0.4	0.92	0.09		0.91	0.81	0.68	0.89	0.91	0.65	0.24	-0.76	0.94	0.95
Intangible Assets	0.89	0.81	-0.58	-0.13	-0.97	0.87	0.97	0.55	0.81	-0.16	0.91		0.89	0.62	0.76	0.98	0.81	0.41	-0.81	0.84	0.95
Net Tangible Assets	0.99	0.97	-0.61	-0.52	-0.87	0.81	0.8	0.83	0.66	-0.18	0.81	0.89		0.62	0.62	0.79	0.95	0.73	-0.86	0.7	0.82
Long Term Debt	0.61	0.56	-0.87	-0.19	-0.72	0.79	0.66	0.45	0.53	0.27	0.68	0.62	0.62		0.5	0.56	0.54	0.33	-0.75	0.53	0.57
Short Long Term Debt	0.52	0.43	-0.38	0.29	-0.84	0.53	0.72	0.09	1.0	-0.04	0.89	0.76	0.62	0.5		0.81	0.37	-0.07	-0.51	0.99	0.92
Property Plant Equipment	0.78	0.68	-0.51	0.08	-0.96	0.81	0.98	0.37	0.85	-0.14	0.91	0.98	0.79	0.56	0.81		0.68	0.21	-0.72	0.87	0.96
Net Invested Capital	0.97	0.98	-0.58	-0.66	-0.74	0.78	0.72	0.93	0.43	-0.21	0.65	0.81	0.95	0.54	0.37	0.68		0.85	-0.84	0.47	0.66
Net Working Capital	0.77	0.85	-0.43	-0.95	-0.32	0.49	0.3	0.98	-0.02	-0.18	0.24	0.41	0.73	0.33	-0.07	0.21	0.85		-0.61	0.03	0.21
Capital Stock	-0.87	-0.84	0.82	0.42	0.83	-0.93	-0.79	-0.73	-0.56	0.02	-0.76	-0.81	-0.86	-0.75	-0.51	-0.72	-0.84	-0.61		-0.59	-0.71
Long Term Investments	0.61	0.53	-0.43	0.21	-0.9	0.61	0.79	0.19	1.0	-0.06	0.94	0.84	0.7	0.53	0.99	0.87	0.47	0.03	-0.59		0.96
Short Term Investments	0.77	0.69	-0.5	0.05	-0.97	0.75	0.91	0.37	0.95	-0.14	0.95	0.95	0.82	0.57	0.92	0.96	0.66	0.21	-0.71	0.96

Click cells to compare fundamentals

Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.

Competition

Predict Worksport

Worksport Return On Tangible Assets

Return On Tangible Assets

(0.64)

At this time, Worksport's Return On Tangible Assets are relatively stable compared to the past year.

According to the company disclosure, Worksport has a Five Year Return of 0.0%. This indicator is about the same for the Automobile Components average (which is currently at 0.0) sector and about the same as Consumer Discretionary (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).

Worksport Five Year Return Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Worksport's direct or indirect competition against its Five Year Return to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Worksport could also be used in its relative valuation, which is a method of valuing Worksport by comparing valuation metrics of similar companies.

Worksport is currently under evaluation in five year return category among its peers.

Worksport Fundamentals

	Return On Equity	-0.8
	Return On Asset	-0.35
	Operating Margin	(2.03) %
	Current Valuation	31.7 M
	Shares Outstanding	32.94 M
	Shares Owned By Insiders	8.24 %
	Shares Owned By Institutions	9.36 %
	Number Of Shares Shorted	868.74 K
	Price To Book	1.68 X
	Price To Sales	7.37 X
	Revenue	1.53 M
	Gross Profit	(46.95 K)
	EBITDA	(13.2 M)
	Net Income	(14.93 M)
	Cash And Equivalents	20.94 M
	Cash Per Share	1.23 X
	Total Debt	6.24 M
	Debt To Equity	0.24 %
	Current Ratio	10.58 X
	Book Value Per Share	0.90 X
	Cash Flow From Operations	(11.93 M)
	Short Ratio	2.04 X
	Earnings Per Share	(0.66) X
	Target Price	1.5
	Number Of Employees	70
	Beta	0.64
	Market Capitalization	27.49 M
	Total Asset	25.95 M
	Retained Earnings	(48.31 M)
	Working Capital	1.96 M
	Net Asset	25.95 M

About Worksport Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Worksport's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Worksport using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Worksport 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 Worksport

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

Moving against Worksport Stock

0.72	HOG	Harley Davidson	Pair Corr
0.67	FFIE	Faraday Future Intel	Pair Corr
0.67	FOXF	Fox Factory Holding	Pair Corr
0.63	HMC	Honda Motor	Pair Corr
0.58	VLCN	Volcon Inc	Pair Corr

The ability to find closely correlated positions to Worksport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Worksport 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 Worksport - 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 Worksport to buy it.

The correlation of Worksport 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 Worksport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Worksport 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 Worksport 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 Correlation Correlation Matching

Additional Tools for Worksport Stock Analysis

When running Worksport's price analysis, check to measure Worksport's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.

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