COMPREHENSIVE Beneish M Score

CHCR
 Stock
  

USD 0.0001  0.00  0.00%   

This module uses fundamental data of COMPREHENSIVE CARE to approximate the value of its Beneish M Score. COMPREHENSIVE CARE M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Continue to COMPREHENSIVE CARE Piotroski F Score and COMPREHENSIVE CARE Altman Z Score analysis.
  
As of 08/14/2022, Debt Non Current is likely to grow to about 135.7 K, while Total Debt is likely to drop slightly above 13 M. COMPREHENSIVE CARE Current Ratio is relatively stable at the moment as compared to the past year. COMPREHENSIVE CARE reported last year Current Ratio of 0.036. As of 08/14/2022, Gross Margin is likely to grow to 0.64, while Debt to Equity Ratio is likely to drop (1.29) .
At this time, it appears that COMPREHENSIVE CARE CORP is an unlikely manipulator. The earnings manipulation may begin if COMPREHENSIVE CARE's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by COMPREHENSIVE CARE executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of COMPREHENSIVE CARE's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-2.77
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables1.0Focus
Asset QualityN/AFocus
Expense Coverage1.49Focus
Gross Margin Strengs1.08Focus
Accruals Factor1.49Focus
Depreciation Resistance0.8Focus
Net Sales Growth1.03Focus
Financial Leverage Condition0.62Focus

COMPREHENSIVE CARE Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if COMPREHENSIVE CARE's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Revenues277.2 K270.1 K
Fairly Up
Decreasing
Slightly volatile
Selling General and Administrative Expense2.9 M1.9 M
Way Up
Decreasing
Slightly volatile
Net Cash Flow from Operations(2.4 M)(2.2 M)
Significantly Down
Increasing
Very volatile
Depreciation Amortization and Accretion106.4 K88.5 K
Fairly Up
Decreasing
Slightly volatile
Total Assets1.8 M1.2 M
Way Up
Decreasing
Slightly volatile
Property Plant and Equipment Net106.4 K133.3 K
Significantly Down
Decreasing
Slightly volatile
Trade and Non Trade Receivables27.5 K26.8 K
Fairly Up
Decreasing
Slightly volatile
Total Liabilities32.7 M34.2 M
Sufficiently Down
Increasing
Slightly volatile
Current Assets1.1 M1.1 M
Sufficiently Up
Decreasing
Slightly volatile
Assets Non Current136.8 K133.3 K
Fairly Up
Decreasing
Slightly volatile
Current Liabilities32.2 M34 M
Notably Down
Increasing
Slightly volatile
Liabilities Non Current135.7 K132.2 K
Fairly Up
Decreasing
Slightly volatile
Total Debt13 M14.9 M
Fairly Down
Increasing
Slightly volatile
Debt Current12.7 M14.7 M
Fairly Down
Increasing
Slightly volatile
Debt Non Current135.7 K132.2 K
Fairly Up
Decreasing
Slightly volatile
Gross Margin0.640.59
Significantly Up
Increasing
Slightly volatile

COMPREHENSIVE CARE CORP Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between COMPREHENSIVE CARE's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards COMPREHENSIVE CARE in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find COMPREHENSIVE CARE's degree of accounting gimmicks and manipulations.

About COMPREHENSIVE CARE Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Depreciation Amortization and Accretion

106,395

COMPREHENSIVE CARE Depreciation Amortization and Accretion is relatively stable at the moment as compared to the past year. COMPREHENSIVE CARE reported last year Depreciation Amortization and Accretion of 88,469.1

COMPREHENSIVE CARE Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as COMPREHENSIVE CARE. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201720182019202020212022 (projected)
Revenues209.52 K564.12 K524.17 K300.1 K270.09 K277.2 K
Total Assets293.13 K82.89 K488.99 K1.34 M1.21 M1.82 M
Current Assets291.63 K81.99 K459.77 K1.19 M1.07 M1.11 M
Assets Non Current1.5 K89829.22 K148.12 K133.31 K136.81 K
Total Liabilities25.43 M31.11 M26.39 M29.74 M34.2 M32.71 M
Current Liabilities25.43 M31.11 M26.36 M29.59 M34.03 M32.24 M
Total Debt10.4 M8.48 M10.91 M12.96 M14.9 M12.96 M
Debt Current10.4 M8.48 M10.88 M12.81 M14.73 M12.68 M
Operating Income(3.41 M)(4.43 M)(1.48 M)(1.94 M)(2.23 M)(2.41 M)
Gross Margin0.780.490.50.520.590.64

About COMPREHENSIVE CARE Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze COMPREHENSIVE CARE CORP's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of COMPREHENSIVE CARE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of COMPREHENSIVE CARE CORP 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.
Advanzeon Solutions, Inc., through its subsidiary, Pharmacy Value Management Solutions, Inc., administers and operates a sleep apnea program known as SleepMaster Solutions. On September 7, 2020, Advanzeon Solutions, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. COMPREHENSIVE CARE operates under Medical Care Facilities classification in the United States and is traded on New York Stock Exchange. It employs 2 people.

COMPREHENSIVE CARE Investors Sentiment

The influence of COMPREHENSIVE CARE's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in COMPREHENSIVE. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards COMPREHENSIVE CARE in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, COMPREHENSIVE CARE's short interest history, or implied volatility extrapolated from COMPREHENSIVE CARE options trading.

Pair Trading with COMPREHENSIVE CARE

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 COMPREHENSIVE CARE 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 COMPREHENSIVE CARE will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to COMPREHENSIVE CARE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COMPREHENSIVE CARE 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 COMPREHENSIVE CARE - 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 COMPREHENSIVE CARE CORP to buy it.
The correlation of COMPREHENSIVE CARE is a statistical measure of how it moves in relation to other equities. 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 COMPREHENSIVE CARE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if COMPREHENSIVE CARE CORP 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 COMPREHENSIVE CARE 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
Continue to COMPREHENSIVE CARE Piotroski F Score and COMPREHENSIVE CARE Altman Z Score analysis. Note that the COMPREHENSIVE CARE CORP information on this page should be used as a complementary analysis to other COMPREHENSIVE CARE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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Is COMPREHENSIVE CARE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of COMPREHENSIVE CARE. If investors know COMPREHENSIVE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about COMPREHENSIVE CARE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
12 K
Quarterly Revenue Growth YOY
0.86
Return On Assets
-0.71
The market value of COMPREHENSIVE CARE CORP is measured differently than its book value, which is the value of COMPREHENSIVE that is recorded on the company's balance sheet. Investors also form their own opinion of COMPREHENSIVE CARE's value that differs from its market value or its book value, called intrinsic value, which is COMPREHENSIVE CARE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because COMPREHENSIVE CARE's market value can be influenced by many factors that don't directly affect COMPREHENSIVE CARE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between COMPREHENSIVE CARE's value and its price as these two are different measures arrived at by different means. Investors typically determine COMPREHENSIVE CARE value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, COMPREHENSIVE CARE'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.