WELL Current Deferred Revenue vs Net Receivables Analysis
| WELL Stock | CAD 5.55 0.11 2.02% |
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 Current Deferred Revenue and its Net Receivables 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.
Current Deferred Revenue vs Net Receivables
Current Deferred Revenue vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of WELL Health Technologies Current Deferred Revenue account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between WELL Health's Current Deferred Revenue and Net Receivables is 0.92. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Receivables 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 Current Deferred Revenue and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of WELL Health Technologies are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Current Deferred Revenue i.e., WELL Health's Current Deferred Revenue and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Net Receivables
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 29th of November 2024, Tax Provision is likely to grow to about 3 M, while Discontinued Operations is likely to drop (257.1 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 153.7M | 303.3M | 311.5M | 327.1M | Total Revenue | 302.3M | 569.1M | 776.1M | 814.9M |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 58.5M | 262.7M | 1.3B | 1.3B | 1.4B | 1.5B | |
| Other Current Liab | 1.0M | 10.1M | 12.7M | 35.7M | 37.5M | 39.3M | |
| Total Current Liabilities | 8.4M | 22.6M | 137.3M | 136.5M | 153.0M | 160.6M | |
| Total Stockholder Equity | 32.0M | 217.4M | 618.2M | 732.3M | 767.7M | 806.0M | |
| Net Debt | 3.5M | (63.3M) | 340.0M | 309.5M | 382.9M | 402.0M | |
| Retained Earnings | (17.1M) | (20.8M) | (64.6M) | (63.7M) | (63.6M) | (60.4M) | |
| Cash | 15.6M | 86.9M | 61.9M | 48.9M | 43.4M | 22.1M | |
| Cash And Short Term Investments | 15.6M | 86.9M | 61.9M | 48.9M | 43.4M | 22.1M | |
| Liabilities And Stockholders Equity | 58.5M | 262.7M | 1.3B | 1.3B | 1.4B | 1.5B | |
| Other Current Assets | 704.7K | 1.5M | 3.7M | 520K | 21.6M | 22.7M | |
| Other Stockholder Equity | 3.7M | 6.4M | 44.0M | 51.8M | 54.0M | 56.8M | |
| Total Liab | 26.5M | 43.8M | 554.4M | 503.8M | 563.2M | 591.3M | |
| Total Current Assets | 18.9M | 103.4M | 142.9M | 150.9M | 176.4M | 185.2M | |
| Net Receivables | 2.5M | 8.9M | 71.8M | 95.8M | 110.2M | 115.7M | |
| Common Stock Shares Outstanding | 96.9M | 133.9M | 190.9M | 220.7M | 236.5M | 248.4M | |
| Common Stock | 45.4M | 231.9M | 633.5M | 705.2M | 751.6M | 789.1M | |
| Property Plant And Equipment Net | 12.5M | 20.9M | 88.6M | 82.5M | 102.5M | 107.7M | |
| Accounts Payable | 5.4M | 6.3M | 63.0M | 50.7M | 47.9M | 50.3M | |
| Non Current Assets Total | 39.6M | 159.4M | 1.1B | 1.2B | 1.2B | 1.3B | |
| Non Currrent Assets Other | 221.8K | 246.5K | 644K | 5.1M | 4.4M | 4.6M | |
| Non Current Liabilities Total | 18.1M | 21.1M | 417.1M | 367.3M | 410.2M | 430.7M | |
| Capital Surpluse | 3.7M | 6.4M | 44.0M | 51.8M | 59.5M | 62.5M | |
| Inventory | 61.5K | 1.3M | 793K | 1.4M | 1.2M | 595.1K | |
| Short Term Debt | 1.5M | 3.4M | 57.4M | 43.3M | 61.0M | 64.0M | |
| Good Will | 13.6M | 110.1M | 611.7M | 499.3M | 508.1M | 533.5M | |
| Long Term Debt Total | 17.7M | 20.2M | 344.6M | 315.2M | 362.4M | 380.6M | |
| Cash And Equivalents | 15.6M | 86.9M | 61.9M | 48.9M | 56.2M | 33.9M | |
| Net Tangible Assets | 7.1M | 86.0M | (399.0M) | (338.2M) | (304.4M) | (289.2M) | |
| Long Term Debt | 4.7M | 947.9K | 290.6M | 263M | 298.9M | 313.9M | |
| Other Liab | 478.5K | 920.4K | 72.5M | 52.1M | 59.9M | 62.9M | |
| Other Assets | 2.0M | 1.8M | 2.9M | 3.2M | 3.7M | 2.2M | |
| Property Plant Equipment | 12.5M | 20.9M | 88.6M | 82.5M | 94.9M | 99.7M |
Pair Trading with WELL Health
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.Moving together with WELL Stock
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.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.