DOCDATA Profitability Analysis
DOCDATA Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining DOCDATA's current stock value. Our valuation model uses many indicators to compare DOCDATA value to that of its competitors to determine the firm's financial worth. DOCDATA is rated below average in current valuation category among its peers. It is rated # 5 in price to book category among its peers . The ratio of Current Valuation to Price To Book for DOCDATA is about 4,199,784 . 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 DOCDATA's earnings, one of the primary drivers of an investment's value.DOCDATA Current Valuation vs. Competition
DOCDATA is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Materials industry is currently estimated at about 866.11 Billion. DOCDATA adds roughly 6.48 Million in current valuation claiming only tiny portion of all equities under Materials industry.
DOCDATA Price To Book vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
DOCDATA |
| = | 6.48 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
DOCDATA |
| = | 1.54 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
DOCDATA Price To Book Comparison
DOCDATA is currently under evaluation in price to book category among its peers.
DOCDATA Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in DOCDATA, profitability is also one of the essential criteria for including it into their portfolios because, without profit, DOCDATA will eventually generate negative long term returns. The profitability progress is the general direction of DOCDATA's change in net profit over the period of time. It can combine multiple indicators of DOCDATA, 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 | ||
| Net Interest Income | 120.8 K | 126.8 K | |
| Interest Income | 120.8 K | 126.8 K | |
| Operating Income | -817.2 K | -858.1 K | |
| Net Loss | -722.7 K | -758.8 K | |
| Income Before Tax | -722.7 K | -758.8 K | |
| Net Loss | -722.7 K | -758.8 K |
DOCDATA Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on DOCDATA. 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 DOCDATA 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 DOCDATA's important profitability drivers and their relationship over time.
DOCDATA Profitability Trends
DOCDATA profitability trend refers to the progression of profit or loss within a business. An upward trend means that DOCDATA's profit has generally increased over time, and a downward profitability trend means profits are declining. Recognizing problems early in profitability trends allows investors to address revenue and cost issues in advance. Investors and analysts usually monitor three types of profitability trends: gross, operating, and net. Gross profit is the difference between revenue and costs of goods sold. Operating profit is DOCDATA's gross profit minus its overhead. After you account for other unusual revenue, expenses, and costs, you get net profit. Gross profit trends are often a good indicator of future profitability. If you have high gross profit margins, you have a better chance to cover overhead and make money.
DOCDATA Profitability Drivers Correlations
One of the toughest challenges investors face today is learning how to quickly synthesize and read into endless financial statements and information provided by the company, SEC reporting, and various external parties. Understanding the correlation between DOCDATA different financial indicators related to revenue and profit generation helps investors identify and prioritize their investing strategies towards DOCDATA in a much-optimized way. Analyzing correlations between profit drivers that are directly associated with dollar figures is the most effective way to break down DOCDATA's future profitability.
Click cells to compare fundamentals
DOCDATA Earnings per Share Projection vs Actual
Use DOCDATA 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 DOCDATA 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 DOCDATA will appreciate offsetting losses from the drop in the long position's value.DOCDATA Pair Trading
DOCDATA Pair Trading Analysis
The ability to find closely correlated positions to DOCDATA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DOCDATA 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 DOCDATA - 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 DOCDATA to buy it.
The correlation of DOCDATA 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 DOCDATA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DOCDATA 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 DOCDATA 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 DOCDATA position
In addition to having DOCDATA 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 Municipals ETFs Thematic Idea Now
Municipals ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Municipals ETFs theme has 159 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 Municipals ETFs Theme or any other thematic opportunities.
| View All Next | Launch |
Other Information on Investing in DOCDATA Stock
To fully project DOCDATA's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of DOCDATA 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 DOCDATA's income statement, its balance sheet, and the statement of cash flows.