Quipt Historical Valuation
| QIPT Stock | 3.47 0.12 3.58% |
Some fundamental drivers such as market cap or Quipt Home enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Quipt Home Medical valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Quipt Home's future value.
Quipt |
About Quipt Valuation Data Analysis
Valuation is the financial process of determining what Quipt Home is worth. Quipt Home valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Quipt Home valuation ratios help investors to determine whether Quipt Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Quipt with respect to the benefits of owning Quipt Home security.
Quipt Home Valuation Data Chart
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Most indicators from Quipt Home's valuation accounts are interrelated and interconnected. However, analyzing valuation accounts indicators one by one will only give a small insight into Quipt Home Medical current financial condition. On the other hand, looking into the entire matrix of valuation accounts 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 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. As of the 27th of November 2024, Market Cap is likely to grow to about 186.6 M. Also, Enterprise Value is likely to grow to about 263 M
| 2023 | 2024 (projected) | Working Capital | 117.2K | 104.1K | Market Cap | 177.8M | 186.6M |
Quipt Home valuation accounts Correlations
Quipt Home Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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.Moving against Quipt Stock
| 0.32 | BNS | Bank of Nova Scotia Earnings Call This Week | PairCorr |
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.