| WELL Stock | | | CAD 6.08 0.02 0.33% |
WELL Health financial indicator trend analysis is more than just analyzing WELL Health Technologies current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether WELL Health Technologies is a good investment. Please check the relationship between WELL Health Cash and its Common Stock Shares Outstanding accounts. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WELL Health Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Cash vs Common Stock Shares Outstanding
Cash vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WELL Health Technologies Cash account and
Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very strong relationship.
The correlation between WELL Health's Cash and Common Stock Shares Outstanding is 0.82. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of WELL Health Technologies, assuming nothing else is changed. The correlation between historical values of WELL Health's Cash and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of WELL Health Technologies are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash i.e., WELL Health's Cash and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.82 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Cash
Cash refers to the most liquid asset of WELL Health Technologies, which is listed under current asset account on WELL Health Technologies balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from WELL Health customers. The amounts must be unrestricted with restricted cash listed in a different WELL Health account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from WELL Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into WELL Health Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WELL Health Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, WELL Health's
Selling General Administrative is very stable compared to the past year. As of the 18th of February 2025,
Tax Provision is likely to grow to about 3.5
M, while
Discontinued Operations is likely to drop (257.1
K).
WELL Health fundamental ratios Correlations
Click cells to compare fundamentals
WELL Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
WELL Health fundamental ratios Accounts
Other Information on Investing in WELL Stock
Balance Sheet is a snapshot of the
financial position of WELL Health Technologies at a specified time, usually calculated after every quarter, six months, or one year. WELL Health Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of WELL Health and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which WELL currently owns. An asset can also be divided into two categories, current and non-current.