Digital Multimedia Revenue vs. Total Asset
| 134580 Stock | 1,640 27.00 1.62% |
For Digital Multimedia profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Digital Multimedia to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Digital Multimedia Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Digital Multimedia's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Digital Multimedia Technology over time as well as its relative position and ranking within its peers.
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Digital Multimedia Total Asset vs. Revenue Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Digital Multimedia's current stock value. Our valuation model uses many indicators to compare Digital Multimedia value to that of its competitors to determine the firm's financial worth. Digital Multimedia Technology is the top company in revenue category among its peers. It also is number one stock in total asset category among its peers fabricating about 2.48 of Total Asset per Revenue. Comparative valuation analysis is a catch-all model that can be used if you cannot value Digital Multimedia by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Digital Multimedia's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Digital Revenue vs. Competition
Digital Multimedia Technology is the top company in revenue category among its peers. Market size based on revenue of Other industry is presently estimated at about 1.11 Trillion. Digital Multimedia holds roughly 22.26 Billion in revenue claiming about 2.0% of all equities under Other industry.
Digital Total Asset vs. Revenue
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Digital Multimedia |
| = | 22.26 B |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Digital Multimedia |
| = | 55.29 B |
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
Digital Total Asset Comparison
Digital Multimedia is currently under evaluation in total asset category among its peers.
Digital Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Digital Multimedia. 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 Digital Multimedia 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 Digital Multimedia's important profitability drivers and their relationship over time.
Use Digital Multimedia 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 Digital Multimedia 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 Digital Multimedia will appreciate offsetting losses from the drop in the long position's value.Digital Multimedia Pair Trading
Digital Multimedia Technology Pair Trading Analysis
The ability to find closely correlated positions to Digital Multimedia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital Multimedia 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 Digital Multimedia - 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 Digital Multimedia Technology to buy it.
The correlation of Digital Multimedia 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 Digital Multimedia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Multimedia 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 Digital Multimedia 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.Use Investing Themes to Complement your Digital Multimedia position
In addition to having Digital Multimedia 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 Raw Materials Thematic Idea Now
Raw Materials
Companies that are involved with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 15 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 Raw Materials Theme or any other thematic opportunities.
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Other Information on Investing in Digital Stock
To fully project Digital Multimedia's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Digital Multimedia at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Digital Multimedia's income statement, its balance sheet, and the statement of cash flows.