DRRX Stock | | | USD 0.79 0.01 1.28% |
Durect financial indicator trend analysis is much more than just examining Durect latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Durect is a good investment. Please check the relationship between Durect Operating Profit Margin and its Gross Profit Margin accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Durect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Durect Stock please use our
How to Invest in Durect guide.
Operating Profit Margin vs Gross Profit Margin
Operating Profit Margin vs Gross Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Durect Operating Profit Margin account and
Gross Profit Margin. At this time, the significance of the direction appears to have pay attention.
The correlation between Durect's Operating Profit Margin and Gross Profit Margin is -0.99. Overlapping area represents the amount of variation of Operating Profit Margin that can explain the historical movement of Gross Profit Margin in the same time period over historical financial statements of Durect, assuming nothing else is changed. The correlation between historical values of Durect's Operating Profit Margin and Gross Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Profit Margin of Durect are associated (or correlated) with its Gross Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit Margin has no effect on the direction of Operating Profit Margin i.e., Durect's Operating Profit Margin and Gross Profit Margin go up and down completely randomly.
Correlation Coefficient | -0.99 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Operating Profit Margin
Gross Profit Margin
Most indicators from Durect's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Durect 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 Durect. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
For more information on how to buy Durect Stock please use our
How to Invest in Durect guide.
Enterprise Value is likely to rise to about 171
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 11.6
M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) |
Gross Profit | 12.0M | 17.7M | 6.8M | 6.5M | Total Revenue | 14.0M | 19.3M | 8.5M | 8.1M |
Durect fundamental ratios Correlations
Click cells to compare fundamentals
Durect Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Durect fundamental ratios Accounts
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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 Durect Stock Analysis
When running Durect's price analysis, check to
measure Durect'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 Durect is operating at the current time. Most of Durect's value examination focuses on studying past and present price action to
predict the probability of Durect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Durect's price. Additionally, you may evaluate how the addition of Durect to your portfolios can decrease your overall portfolio volatility.