Reliq Health Current Valuation vs. Return On Equity

RHT Stock  CAD 0.22  0.00  0.00%   
Considering the key profitability indicators obtained from Reliq Health's historical financial statements, Reliq Health Technologies may not be well positioned to generate adequate gross income at this time. It has a very high odds of underperforming in December. Profitability indicators assess Reliq Health's ability to earn profits and add value for shareholders. At this time, Reliq Health's Price To Sales Ratio is fairly stable compared to the past year. Days Sales Outstanding is likely to climb to 2,485 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 1.28 in 2024. At this time, Reliq Health's Accumulated Other Comprehensive Income is fairly stable compared to the past year. Total Other Income Expense Net is likely to climb to about 150.7 K in 2024, despite the fact that Net Loss is likely to grow to (7 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.470.71
Way Down
Slightly volatile
For Reliq Health profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Reliq Health to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Reliq Health Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Reliq Health's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Reliq Health Technologies over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Reliq Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliq Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliq Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Reliq Health Technologies Return On Equity vs. Current Valuation Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Reliq Health's current stock value. Our valuation model uses many indicators to compare Reliq Health value to that of its competitors to determine the firm's financial worth.
Reliq Health Technologies is currently regarded number one company in current valuation category among its peers. It also is currently regarded as top stock in return on equity category among its peers . At this time, Reliq Health's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Reliq Health's earnings, one of the primary drivers of an investment's value.

Reliq Current Valuation vs. Competition

Reliq Health Technologies is currently regarded number one company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Health Care industry is at this time estimated at about (1.24 Trillion). Reliq Health adds roughly 43.39 Million in current valuation claiming only tiny portion of equities under Health Care industry.

Reliq Return On Equity vs. Current Valuation

Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Reliq Health

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
43.39 M
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Reliq Health

Return On Equity

 = 

Net Income

Total Equity

 = 
-0.0449
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Reliq Return On Equity Comparison

Reliq Health is currently under evaluation in return on equity category among its peers.

Reliq Health Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Reliq Health, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Reliq Health will eventually generate negative long term returns. The profitability progress is the general direction of Reliq Health's change in net profit over the period of time. It can combine multiple indicators of Reliq Health, 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.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income15.5 M16.3 M
Operating Income-7.5 M-7.1 M
Net Loss-7.4 M-7 M
Income Tax Expense-143.5 K-136.3 K
Income Before Tax-7.4 M-7.7 M
Total Other Income Expense Net143.5 K150.7 K
Net Loss-7.4 M-7.7 M
Net Loss-7.4 M-7.7 M
Net Interest Income47.5 K49.9 K
Interest Income88.1 K92.5 K
Change To Netincome6.3 M6.6 M
Net Loss(0.42)(0.44)
Income Quality 0.33  0.31 
Net Income Per E B T 0.90  0.78 

Reliq Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Reliq Health. 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 Reliq Health 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 Reliq Health's important profitability drivers and their relationship over time.

Use Reliq Health 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 Reliq Health 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 Reliq Health will appreciate offsetting losses from the drop in the long position's value.

Reliq Health Pair Trading

Reliq Health Technologies Pair Trading Analysis

The ability to find closely correlated positions to Reliq Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reliq Health 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 Reliq Health - 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 Reliq Health Technologies to buy it.
The correlation of Reliq Health 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 Reliq Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Reliq Health Technologies 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 Reliq Health 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Reliq Health position

In addition to having Reliq Health 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?

Run Coal Thematic Idea Now

Coal
Coal Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Coal theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Coal Theme or any other thematic opportunities.
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Additional Tools for Reliq Stock Analysis

When running Reliq Health's price analysis, check to measure Reliq Health'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 Reliq Health is operating at the current time. Most of Reliq Health's value examination focuses on studying past and present price action to predict the probability of Reliq Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliq Health's price. Additionally, you may evaluate how the addition of Reliq Health to your portfolios can decrease your overall portfolio volatility.