Digital Free Cash Flow vs Depreciation Analysis
| DBGIW Stock | USD 18.50 6.94 60.03% |
Digital Brands financial indicator trend analysis is much more than just examining Digital Brands Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Brands Group is a good investment. Please check the relationship between Digital Brands Free Cash Flow and its Depreciation accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digital Brands Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
Free Cash Flow vs Depreciation
Free Cash Flow vs Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Brands Group Free Cash Flow account and Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Digital Brands' Free Cash Flow and Depreciation is -0.5. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Depreciation in the same time period over historical financial statements of Digital Brands Group, assuming nothing else is changed. The correlation between historical values of Digital Brands' Free Cash Flow and Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Digital Brands Group are associated (or correlated) with its Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation has no effect on the direction of Free Cash Flow i.e., Digital Brands' Free Cash Flow and Depreciation go up and down completely randomly.
Correlation Coefficient | -0.5 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Depreciation
Depreciation indicates how much of Digital Brands Group value has been used up. For tax purposes Digital Brands can deduct the cost of the tangible assets it purchases as business expenses. However, Digital Brands Group must depreciate these assets in accordance with IRS rules about how and when the deduction may be taken, and how long it will last. The systematic allocation of the cost of a tangible asset over its useful life.Most indicators from Digital Brands' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Brands Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digital Brands Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. Tax Provision is likely to climb to about 386.4 K in 2024, whereas Selling General Administrative is likely to drop slightly above 13.2 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.7M | 9.0M | 5.5M | 4.5M | Depreciation And Amortization | 1.2M | 2.2M | 3.2M | 3.4M |
Digital Brands fundamental ratios Correlations
Click cells to compare fundamentals
Digital Brands Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Digital Stock Analysis
When running Digital Brands' price analysis, check to measure Digital Brands' 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 Digital Brands is operating at the current time. Most of Digital Brands' value examination focuses on studying past and present price action to predict the probability of Digital Brands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Brands' price. Additionally, you may evaluate how the addition of Digital Brands to your portfolios can decrease your overall portfolio volatility.