Decibel Cannabis Shares Owned By Institutions vs. Return On Asset
| DB Stock | CAD 0.07 0.01 7.14% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.31 | 0.361 |
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For Decibel Cannabis profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Decibel Cannabis to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Decibel Cannabis utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Decibel Cannabis's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Decibel Cannabis over time as well as its relative position and ranking within its peers.
Decibel |
Decibel Cannabis Return On Asset vs. Shares Owned By Institutions Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Decibel Cannabis's current stock value. Our valuation model uses many indicators to compare Decibel Cannabis value to that of its competitors to determine the firm's financial worth. Decibel Cannabis is rated # 2 in shares owned by institutions category among its peers. It is one of the top stocks in return on asset category among its peers reporting about 0.06 of Return On Asset per Shares Owned By Institutions. The ratio of Shares Owned By Institutions to Return On Asset for Decibel Cannabis is roughly 16.78 . Return On Assets is likely to drop to -0.01 in 2024. 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 Decibel Cannabis' earnings, one of the primary drivers of an investment's value.Decibel Return On Asset vs. Shares Owned By Institutions
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
Decibel Cannabis |
| = | 0.51 % |
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Decibel Cannabis |
| = | 0.0304 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Decibel Return On Asset Comparison
Decibel Cannabis is currently under evaluation in return on asset category among its peers.
Decibel Cannabis Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Decibel Cannabis, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Decibel Cannabis will eventually generate negative long term returns. The profitability progress is the general direction of Decibel Cannabis' change in net profit over the period of time. It can combine multiple indicators of Decibel Cannabis, 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 Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 13.6 M | 14.3 M | |
| Operating Income | 2.3 M | 2.4 M | |
| Income Before Tax | -3.7 M | -3.5 M | |
| Total Other Income Expense Net | -3.1 M | -3 M | |
| Net Loss | -3.7 M | -3.5 M | |
| Income Tax Expense | 3.7 M | 3.9 M | |
| Net Loss | -3.7 M | -3.9 M | |
| Net Loss | -4 M | -4.2 M | |
| Net Interest Income | -2.9 M | -3 M | |
| Interest Income | 78.3 K | 69.6 K | |
| Change To Netincome | 11.8 M | 12.4 M | |
| Income Quality | (4.00) | (3.80) | |
| Net Loss | (4.68) | (4.44) |
Decibel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Decibel Cannabis. 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 Decibel Cannabis 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 Decibel Cannabis' important profitability drivers and their relationship over time.
Use Decibel Cannabis 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 Decibel Cannabis 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 Decibel Cannabis will appreciate offsetting losses from the drop in the long position's value.Decibel Cannabis Pair Trading
Decibel Cannabis Pair Trading Analysis
The ability to find closely correlated positions to Decibel Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Decibel Cannabis 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 Decibel Cannabis - 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 Decibel Cannabis to buy it.
The correlation of Decibel Cannabis 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 Decibel Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Decibel Cannabis 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 Decibel Cannabis 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 Decibel Cannabis position
In addition to having Decibel Cannabis 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?
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Additional Tools for Decibel Stock Analysis
When running Decibel Cannabis' price analysis, check to measure Decibel Cannabis' 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 Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.