Dri Healthcare Trust Stock Beta
| DHT-U Stock | USD 11.79 0.06 0.51% |
DRI Healthcare Trust fundamentals help investors to digest information that contributes to DRI Healthcare's financial success or failures. It also enables traders to predict the movement of DRI Stock. The fundamental analysis module provides a way to measure DRI Healthcare's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to DRI Healthcare stock.
DRI | Beta |
DRI Healthcare Trust Company Beta Analysis
DRI Healthcare's 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.
Current DRI Healthcare Beta | 0.92 |
Most of DRI Healthcare's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, DRI Healthcare Trust is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
DRI Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for DRI Healthcare is extremely important. It helps to project a fair market value of DRI Stock properly, considering its historical fundamentals such as Beta. Since DRI Healthcare's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of DRI Healthcare's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of DRI Healthcare's interrelated accounts and indicators.
Click cells to compare fundamentals
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.
| Competition |
In accordance with the recently published financial statements, DRI Healthcare Trust has a Beta of 0.915. This is 6.4% higher than that of the Pharmaceuticals sector and significantly higher than that of the Health Care industry. The beta for all Canada stocks is notably lower than that of the firm.
DRI Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses DRI Healthcare's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of DRI Healthcare could also be used in its relative valuation, which is a method of valuing DRI Healthcare by comparing valuation metrics of similar companies.DRI Healthcare is currently under evaluation in beta category among related companies.
DRI Healthcare returns are very sensitive to returns on the market. As the market goes up or down, DRI Healthcare is expected to follow.
DRI Fundamentals
| Return On Equity | 0.2 | ||||
| Return On Asset | 0.0156 | ||||
| Profit Margin | 0.56 % | ||||
| Operating Margin | 0.50 % | ||||
| Current Valuation | 843.74 M | ||||
| Shares Outstanding | 56.36 M | ||||
| Shares Owned By Insiders | 0.10 % | ||||
| Shares Owned By Institutions | 47.99 % | ||||
| Number Of Shares Shorted | 1.43 K | ||||
| Price To Earning | 11.58 X | ||||
| Price To Book | 1.26 X | ||||
| Price To Sales | 4.25 X | ||||
| Revenue | 217.98 M | ||||
| Gross Profit | 93.03 M | ||||
| EBITDA | 105.34 M | ||||
| Net Income | 92.3 M | ||||
| Cash And Equivalents | 43.04 M | ||||
| Cash Per Share | 1.11 X | ||||
| Total Debt | 64.8 M | ||||
| Debt To Equity | 0.17 % | ||||
| Current Ratio | 3.33 X | ||||
| Book Value Per Share | 9.96 X | ||||
| Cash Flow From Operations | 77.28 M | ||||
| Short Ratio | 0.36 X | ||||
| Earnings Per Share | 2.07 X | ||||
| Target Price | 14.85 | ||||
| Beta | 0.92 | ||||
| Market Capitalization | 664.46 M | ||||
| Total Asset | 834.96 M | ||||
| Retained Earnings | (2.16 M) | ||||
| Annual Yield | 0.03 % | ||||
| Net Asset | 834.96 M | ||||
| Last Dividend Paid | 0.3 |
About DRI Healthcare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze DRI Healthcare Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of DRI Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of DRI Healthcare Trust based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DRI Healthcare in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DRI Healthcare's short interest history, or implied volatility extrapolated from DRI Healthcare options trading.
Pair Trading with DRI Healthcare
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 DRI Healthcare 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 DRI Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with DRI Stock
| 0.64 | BOFA | Bank of America | PairCorr |
| 0.64 | RY-PM | Royal Bank | PairCorr |
The ability to find closely correlated positions to DRI Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRI Healthcare 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 DRI Healthcare - 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 DRI Healthcare Trust to buy it.
The correlation of DRI Healthcare 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 DRI Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DRI Healthcare Trust 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 DRI Healthcare 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DRI Healthcare Trust. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for DRI Stock analysis
When running DRI Healthcare's price analysis, check to measure DRI Healthcare'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 DRI Healthcare is operating at the current time. Most of DRI Healthcare's value examination focuses on studying past and present price action to predict the probability of DRI Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRI Healthcare's price. Additionally, you may evaluate how the addition of DRI Healthcare to your portfolios can decrease your overall portfolio volatility.
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