LifeMD Enterprise Value from 2010 to 2024
| LFMDP Preferred Stock | USD 22.70 0.33 1.48% |
Check LifeMD Preferred financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among LifeMD Preferred's main balance sheet or income statement drivers, such as , as well as many indicators such as . LifeMD financial statements analysis is a perfect complement when working with LifeMD Preferred Valuation or Volatility modules.
LifeMD |
About LifeMD Preferred Financial Statements
LifeMD Preferred shareholders use historical fundamental indicators, such as Enterprise Value, to determine how well the company is positioned to perform in the future. Although LifeMD Preferred investors may analyze each financial statement separately, they are all interrelated. The changes in LifeMD Preferred's assets and liabilities, for example, are also reflected in the revenues and expenses on on LifeMD Preferred's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
LifeMD, Inc. operates as a direct-to-patient telehealth company that connects consumers to healthcare professionals for care across various indications, including concierge care, mens sexual health, dermatology, and others in the United States. LifeMD, Inc. was founded in 1994 and is headquartered in New York, New York. Lifemd Inc operates under Pharmaceutical Retailers classification in the United States and is traded on NASDAQ Exchange. It employs 196 people.
Pair Trading with LifeMD Preferred
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 LifeMD Preferred 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 LifeMD Preferred will appreciate offsetting losses from the drop in the long position's value.Moving together with LifeMD Preferred Stock
Moving against LifeMD Preferred Stock
| 0.73 | KDLYW | Kindly MD, Warrants | PairCorr |
| 0.62 | EGRX | Eagle Pharmaceuticals | PairCorr |
| 0.6 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.54 | VSEEW | VSee Health, Symbol Change | PairCorr |
| 0.54 | DWTX | Dogwood Therapeutics, Symbol Change | PairCorr |
The ability to find closely correlated positions to LifeMD Preferred could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LifeMD Preferred 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 LifeMD Preferred - 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 LifeMD Preferred Series to buy it.
The correlation of LifeMD Preferred 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 LifeMD Preferred moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LifeMD Preferred Series 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 LifeMD Preferred 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.Additional Tools for LifeMD Preferred Stock Analysis
When running LifeMD Preferred's price analysis, check to measure LifeMD Preferred'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 LifeMD Preferred is operating at the current time. Most of LifeMD Preferred's value examination focuses on studying past and present price action to predict the probability of LifeMD Preferred's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LifeMD Preferred's price. Additionally, you may evaluate how the addition of LifeMD Preferred to your portfolios can decrease your overall portfolio volatility.