Dtf Tax Free Stock Beta
| DTF Stock | USD 10.67 0.01 0.09% |
DTF Tax Free fundamentals help investors to digest information that contributes to DTF Tax's financial success or failures. It also enables traders to predict the movement of DTF Stock. The fundamental analysis module provides a way to measure DTF Tax'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 DTF Tax stock.
DTF | Beta |
DTF Tax Free Company Beta Analysis
DTF Tax'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 DTF Tax Beta | 0.3 |
Most of DTF Tax'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, DTF Tax Free is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
DTF Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for DTF Tax is extremely important. It helps to project a fair market value of DTF Stock properly, considering its historical fundamentals such as Beta. Since DTF Tax'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 DTF Tax'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 DTF Tax'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, DTF Tax Free has a Beta of 0.3. This is 63.41% lower than that of the Capital Markets sector and 75.41% lower than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.
DTF Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses DTF Tax'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 DTF Tax could also be used in its relative valuation, which is a method of valuing DTF Tax by comparing valuation metrics of similar companies.DTF Tax is currently under evaluation in beta category among related companies.
DTF Tax Current Valuation Drivers
We derive many important indicators used in calculating different scores of DTF Tax from analyzing DTF Tax's financial statements. These drivers represent accounts that assess DTF Tax's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of DTF Tax's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 121.1M | 100.7M | 75.8M | 73.9M | 85.0M | 112.5M | |
| Enterprise Value | 184.4M | 161.9M | 116.2M | 73.7M | 84.8M | 148.1M |
As returns on the market increase, DTF Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding DTF Tax is expected to be smaller as well.
DTF Fundamentals
| Return On Equity | 0.0366 | |||
| Return On Asset | 0.0153 | |||
| Profit Margin | 0.78 % | |||
| Operating Margin | 0.71 % | |||
| Current Valuation | 74.62 M | |||
| Shares Outstanding | 7.03 M | |||
| Shares Owned By Insiders | 0.32 % | |||
| Shares Owned By Institutions | 49.93 % | |||
| Number Of Shares Shorted | 8.53 K | |||
| Price To Earning | 21.40 X | |||
| Price To Book | 0.89 X | |||
| Price To Sales | 19.15 X | |||
| Revenue | 3.58 M | |||
| Gross Profit | 5.41 M | |||
| EBITDA | 3.08 M | |||
| Net Income | 3.08 M | |||
| Cash And Equivalents | 111.62 K | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 64.79 M | |||
| Debt To Equity | 0.69 % | |||
| Current Ratio | 17.99 X | |||
| Book Value Per Share | 11.98 X | |||
| Cash Flow From Operations | 43.42 M | |||
| Short Ratio | 0.33 X | |||
| Earnings Per Share | 0.44 X | |||
| Beta | 0.3 | |||
| Market Capitalization | 74.8 M | |||
| Total Asset | 84.27 M | |||
| Retained Earnings | (11.4 M) | |||
| Annual Yield | 0.04 % | |||
| Five Year Return | 3.64 % | |||
| Net Asset | 84.27 M | |||
| Last Dividend Paid | 0.39 |
About DTF Tax Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze DTF Tax Free's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of DTF Tax using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of DTF Tax Free 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.
Pair Trading with DTF Tax
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 DTF Tax 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 DTF Tax will appreciate offsetting losses from the drop in the long position's value.Moving against DTF Stock
| 0.48 | WAVS | Western Acquisition | PairCorr |
The ability to find closely correlated positions to DTF Tax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DTF Tax 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 DTF Tax - 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 DTF Tax Free to buy it.
The correlation of DTF Tax 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 DTF Tax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DTF Tax Free 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 DTF Tax 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 DTF Tax Piotroski F Score and DTF Tax Altman Z Score analysis. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for DTF Stock analysis
When running DTF Tax's price analysis, check to measure DTF Tax'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 DTF Tax is operating at the current time. Most of DTF Tax's value examination focuses on studying past and present price action to predict the probability of DTF Tax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DTF Tax's price. Additionally, you may evaluate how the addition of DTF Tax to your portfolios can decrease your overall portfolio volatility.
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Is DTF Tax's industry 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 DTF Tax. If investors know DTF 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 DTF Tax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.536 | Dividend Share 0.39 | Earnings Share 0.44 | Revenue Per Share 0.559 | Quarterly Revenue Growth (0.37) |
The market value of DTF Tax Free is measured differently than its book value, which is the value of DTF that is recorded on the company's balance sheet. Investors also form their own opinion of DTF Tax's value that differs from its market value or its book value, called intrinsic value, which is DTF Tax'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 DTF Tax's market value can be influenced by many factors that don't directly affect DTF Tax'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 DTF Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if DTF Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DTF Tax'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.