Assure Holdings Cash Per Share vs. Total Debt
| IONMDelisted Stock | USD 0.68 0.08 13.33% |
For Assure Holdings profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Assure Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Assure Holdings Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Assure Holdings's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Assure Holdings Corp over time as well as its relative position and ranking within its peers.
Assure |
Assure Holdings Corp Total Debt vs. Cash Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Assure Holdings's current stock value. Our valuation model uses many indicators to compare Assure Holdings value to that of its competitors to determine the firm's financial worth. Assure Holdings Corp is rated below average in cash per share category among its peers. It is rated below average in total debt category among its peers making up about 246,750,000 of Total Debt per Cash Per Share. Comparative valuation analysis is a catch-all technique that is used if you cannot value Assure Holdings by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Assure Total Debt vs. Cash Per Share
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Assure Holdings |
| = | 0.06 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Assure Holdings |
| = | 14.8 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Assure Total Debt vs Competition
Assure Holdings Corp is rated below average in total debt category among its peers. Total debt of Health Care industry is currently estimated at about 48.7 Billion. Assure Holdings adds roughly 14.8 Million in total debt claiming only tiny portion of equities under Health Care industry.
Assure Holdings Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Assure Holdings, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Assure Holdings will eventually generate negative long term returns. The profitability progress is the general direction of Assure Holdings' change in net profit over the period of time. It can combine multiple indicators of Assure Holdings, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Assure Holdings Corp., through its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries. The company has operations in Arizona, Colorado, Kansas, Louisiana, Michigan, Missouri, Nebraska, Nevada, Pennsylvania, South Carolina, Texas, and Utah, the United States. Assure Holdings operates under Medical Care Facilities classification in the United States and is traded on NASDAQ Exchange. It employs 134 people.
Assure Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Assure Holdings. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Assure Holdings position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Assure Holdings' important profitability drivers and their relationship over time.
Use Assure Holdings in pair-trading
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 Assure Holdings 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 Assure Holdings will appreciate offsetting losses from the drop in the long position's value.Assure Holdings Pair Trading
Assure Holdings Corp Pair Trading Analysis
The ability to find closely correlated positions to Assure Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assure Holdings 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 Assure Holdings - 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 Assure Holdings Corp to buy it.
The correlation of Assure Holdings 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 Assure Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assure Holdings Corp 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 Assure Holdings 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.Use Investing Themes to Complement your Assure Holdings position
In addition to having Assure Holdings in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Risk vs Return Analysis 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 board of governors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Other Consideration for investing in Assure Stock
If you are still planning to invest in Assure Holdings Corp 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 Assure Holdings' history and understand the potential risks before investing.
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