Quipt Home Medical Stock Ten Year Return
| QIPT Stock | 3.56 0.13 3.79% |
Quipt Home Medical fundamentals help investors to digest information that contributes to Quipt Home's financial success or failures. It also enables traders to predict the movement of Quipt Stock. The fundamental analysis module provides a way to measure Quipt Home's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Quipt Home stock.
Quipt | Ten Year Return |
Quipt Home Medical Company Ten Year Return Analysis
Quipt Home's Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
More About Ten Year Return | All Equity Analysis
Ten Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Quipt Ten Year Return Driver Correlations
Understanding the fundamental principles of building solid financial models for Quipt Home is extremely important. It helps to project a fair market value of Quipt Stock properly, considering its historical fundamentals such as Ten Year Return. Since Quipt Home's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Quipt Home's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Quipt Home's interrelated accounts and indicators.
Click cells to compare fundamentals
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
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Quipt Return On Tangible Assets
Return On Tangible Assets |
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Based on the latest financial disclosure, Quipt Home Medical has a Ten Year Return of 0.0%. This indicator is about the same for the Health Care Equipment & Supplies average (which is currently at 0.0) sector and about the same as Health Care (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
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Quipt Fundamentals
| Return On Equity | -0.0451 | ||||
| Return On Asset | 0.0115 | ||||
| Profit Margin | (0.02) % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 270.54 M | ||||
| Shares Outstanding | 43.09 M | ||||
| Shares Owned By Insiders | 3.80 % | ||||
| Shares Owned By Institutions | 55.01 % | ||||
| Number Of Shares Shorted | 384.01 K | ||||
| Price To Book | 1.00 X | ||||
| Price To Sales | 0.63 X | ||||
| Revenue | 221.74 M | ||||
| EBITDA | 55.25 M | ||||
| Net Income | (2.78 M) | ||||
| Total Debt | 97.96 M | ||||
| Book Value Per Share | 2.55 X | ||||
| Cash Flow From Operations | 40.54 M | ||||
| Short Ratio | 17.84 X | ||||
| Earnings Per Share | (0.17) X | ||||
| Target Price | 10.4 | ||||
| Beta | 1.03 | ||||
| Market Capitalization | 153.4 M | ||||
| Total Asset | 247.41 M | ||||
| Retained Earnings | (163.81 M) | ||||
| Net Asset | 247.41 M |
About Quipt Home Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Quipt Home Medical's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Quipt Home using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Quipt Home Medical based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Quipt Home
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 Quipt Home 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 Quipt Home will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Quipt Home could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quipt Home 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 Quipt Home - 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 Quipt Home Medical to buy it.
The correlation of Quipt Home 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 Quipt Home moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quipt Home Medical 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 Quipt Home 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, which includes a position in Quipt Home Medical. 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.