Digatrade Financial Working Capital vs. Beta
| DIGAF Stock | USD 0.0001 0.00 0.00% |
Working Capital | First Reported 2010-12-31 | Previous Quarter 0.0 | Current Value 0.0 | Quarterly Volatility 0.0 |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.15 | 0.18 |
|
|
For Digatrade Financial profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Digatrade Financial to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Digatrade Financial Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Digatrade Financial's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Digatrade Financial Corp over time as well as its relative position and ranking within its peers.
Digatrade |
Is IT Consulting & Other Services space 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 Digatrade Financial. If investors know Digatrade 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 Digatrade Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (0.67) |
The market value of Digatrade Financial Corp is measured differently than its book value, which is the value of Digatrade that is recorded on the company's balance sheet. Investors also form their own opinion of Digatrade Financial's value that differs from its market value or its book value, called intrinsic value, which is Digatrade Financial'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 Digatrade Financial's market value can be influenced by many factors that don't directly affect Digatrade Financial'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 Digatrade Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digatrade Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digatrade Financial'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.
Digatrade Financial Corp Beta vs. Working Capital Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Digatrade Financial's current stock value. Our valuation model uses many indicators to compare Digatrade Financial value to that of its competitors to determine the firm's financial worth. Digatrade Financial Corp is rated below average in working capital category among its peers. It is rated below average in beta category among its peers . At this time, Digatrade Financial's Working Capital is most likely to stay steady in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Digatrade Financial by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Digatrade Beta vs. Working Capital
Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Digatrade Financial |
| = | (546.8 K) |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Digatrade Financial |
| = | -17.16 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Digatrade Beta Comparison
Digatrade Financial is currently under evaluation in beta category among its peers.
Beta Analysis
As returns on the market increase, returns on owning Digatrade Financial are expected to decrease by larger amounts. On the other hand, during market turmoil, Digatrade Financial is expected to outperform it.
Digatrade Financial Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Digatrade Financial, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Digatrade Financial will eventually generate negative long term returns. The profitability progress is the general direction of Digatrade Financial's change in net profit over the period of time. It can combine multiple indicators of Digatrade Financial, 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 | ||
| Operating Income | -439.1 K | -461 K | |
| Net Income From Continuing Ops | 393.2 K | 412.8 K | |
| Income Before Tax | 393.2 K | 412.8 K | |
| Total Other Income Expense Net | 1 M | 1.1 M | |
| Net Income Applicable To Common Shares | 393.2 K | 412.8 K | |
| Net Income | 393.2 K | 412.8 K | |
| Net Interest Income | -193.8 K | -203.5 K | |
| Change To Netincome | -1.1 M | -1.1 M | |
| Income Quality | (1.48) | (1.40) | |
| Net Income Per E B T | 1.37 | 1.30 |
Digatrade Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Digatrade Financial. 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 Digatrade Financial 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 Digatrade Financial's important profitability drivers and their relationship over time.
Use Digatrade Financial 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 Digatrade Financial 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 Digatrade Financial will appreciate offsetting losses from the drop in the long position's value.Digatrade Financial Pair Trading
Digatrade Financial Corp Pair Trading Analysis
The ability to find closely correlated positions to Digatrade Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digatrade Financial 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 Digatrade Financial - 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 Digatrade Financial Corp to buy it.
The correlation of Digatrade Financial 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 Digatrade Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digatrade Financial 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 Digatrade Financial 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 Digatrade Financial position
In addition to having Digatrade Financial 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 Consumer Discretionary ETFs Thematic Idea Now
Consumer Discretionary ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Consumer Discretionary ETFs theme has 29 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 Consumer Discretionary ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Investing Opportunities. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
To fully project Digatrade Financial's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Digatrade Financial Corp 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 Digatrade Financial's income statement, its balance sheet, and the statement of cash flows.