| WELL Stock | | | CAD 5.86 0.31 5.59% |
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 Net Borrowings and its Stock Based Compensation 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.
Net Borrowings vs Stock Based Compensation
Net Borrowings vs Stock Based Compensation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
WELL Health Technologies Net Borrowings account and
Stock Based Compensation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between WELL Health's Net Borrowings and Stock Based Compensation is -0.16. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Stock Based Compensation 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 Net Borrowings and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of WELL Health Technologies are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Net Borrowings i.e., WELL Health's Net Borrowings and Stock Based Compensation go up and down completely randomly.
Correlation Coefficient | -0.16 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Stock Based Compensation
Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and 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 1st of December 2024,
Tax Provision is likely to grow to about 3
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.