Digital Return On Capital Employed from 2010 to 2025
| DAAQ Stock | 10.17 0.01 0.1% |
Return On Capital Employed | First Reported 2010-12-31 | Previous Quarter (2.78) | Current Value (2.91) | Quarterly Volatility 0.08516957 |
Check Digital Asset financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Digital Asset's main balance sheet or income statement drivers, such as , as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 2.3 K. Digital financial statements analysis is a perfect complement when working with Digital Asset Valuation or Volatility modules.
Check out the analysis of Digital Asset Correlation against competitors. Pair Trading with Digital Asset
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 Asset 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 Asset will appreciate offsetting losses from the drop in the long position's value.Moving against Digital Stock
| 0.58 | LION | Lionsgate Studios Holding | PairCorr |
| 0.56 | LPBBU | Launch Two Acquisition | PairCorr |
| 0.47 | CIZN | Citizens Holding | PairCorr |
| 0.37 | MNLCF | Manulife Financial | PairCorr |
| 0.33 | ATMU | Atmus Filtration Tec | PairCorr |
The ability to find closely correlated positions to Digital Asset 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 Asset 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 Asset - 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 Asset Acquisition to buy it.
The correlation of Digital Asset 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 Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Asset Acquisition 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 Asset 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.Additional Tools for Digital Stock Analysis
When running Digital Asset's price analysis, check to measure Digital Asset'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 Digital Asset is operating at the current time. Most of Digital Asset's value examination focuses on studying past and present price action to predict the probability of Digital Asset's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Asset's price. Additionally, you may evaluate how the addition of Digital Asset to your portfolios can decrease your overall portfolio volatility.