Ontrak Financial Statements From 2010 to 2025
| OTRKPDelisted Preferred Stock | USD 0.53 0.00 0.00% |
Check Ontrak financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ontrak's main balance sheet or income statement drivers, such as , as well as many indicators such as . Ontrak financial statements analysis is a perfect complement when working with Ontrak Valuation or Volatility modules.
Ontrak |
Ontrak Inc Company Beta Analysis
Ontrak's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Ontrak Beta | 2.72 |
Most of Ontrak's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ontrak Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
CompetitionIn accordance with the recently published financial statements, Ontrak Inc has a Beta of 2.7186. This is 216.12% higher than that of the Healthcare sector and significantly higher than that of the Health Information Services industry. The beta for all United States preferred stocks is notably lower than that of the firm.
About Ontrak Financial Statements
Ontrak shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Ontrak investors may analyze each financial statement separately, they are all interrelated. The changes in Ontrak's assets and liabilities, for example, are also reflected in the revenues and expenses on on Ontrak's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Ontrak, Inc. operates as an artificial intelligence powered, telehealth-enabled, and virtualized healthcare company that provides in-person services to health plans and other third-party payors in the United States. The company was incorporated in 2003 and is headquartered in Henderson, Nevada. Ontrak Inc operates under Health Information Services classification in the United States and is traded on NASDAQ Exchange. It employs 231 people.
Pair Trading with Ontrak
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 Ontrak 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 Ontrak will appreciate offsetting losses from the drop in the long position's value.Moving against Ontrak Preferred Stock
| 0.71 | VASO | Vaso Corp | PairCorr |
| 0.54 | GEHC | GE HealthCare Techno | PairCorr |
| 0.47 | HCTI | Healthcare Triangle | PairCorr |
| 0.46 | SY | So Young International | PairCorr |
| 0.4 | KDLYW | Kindly MD, Warrants | PairCorr |
The ability to find closely correlated positions to Ontrak could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ontrak 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 Ontrak - 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 Ontrak Inc to buy it.
The correlation of Ontrak 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 Ontrak moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ontrak Inc 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 Ontrak 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.Check out Your Equity Center 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 industry. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Other Consideration for investing in Ontrak Preferred Stock
If you are still planning to invest in Ontrak Inc 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 Ontrak's history and understand the potential risks before investing.
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