DigitalTown Cash Flow from Operations vs. Return On Asset
Considering DigitalTown's profitability and operating efficiency indicators, DigitalTown may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in May. Profitability indicators assess DigitalTown's ability to earn profits and add value for shareholders.
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For DigitalTown profitability analysis, we use financial ratios and fundamental drivers that measure the ability of DigitalTown to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well DigitalTown utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between DigitalTown's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of DigitalTown over time as well as its relative position and ranking within its peers.
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DigitalTown Return On Asset vs. Cash Flow from Operations Fundamental Analysis
DigitalTown Return On Asset vs. Cash Flow from Operations
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Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
DigitalTown Return On Asset Comparison
DigitalTown is currently under evaluation in return on asset category among related companies.
Use DigitalTown 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 DigitalTown 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 DigitalTown will appreciate offsetting losses from the drop in the long position's value.DigitalTown Pair Trading
DigitalTown Pair Trading Analysis
The ability to find closely correlated positions to DigitalTown could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigitalTown 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 DigitalTown - 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 DigitalTown to buy it.
The correlation of DigitalTown 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 DigitalTown moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DigitalTown 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 DigitalTown 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 DigitalTown position
In addition to having DigitalTown 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 Computers Thematic Idea Now
Computers
Companies that manufacture and distribute personal and business computers. The Computers theme has 43 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 Computers Theme or any other thematic opportunities.
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Check out Investing Opportunities. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for DigitalTown Pink Sheet analysis
When running DigitalTown's price analysis, check to measure DigitalTown'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 DigitalTown is operating at the current time. Most of DigitalTown's value examination focuses on studying past and present price action to predict the probability of DigitalTown's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DigitalTown's price. Additionally, you may evaluate how the addition of DigitalTown to your portfolios can decrease your overall portfolio volatility.
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To fully project DigitalTown's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of DigitalTown 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 DigitalTown's income statement, its balance sheet, and the statement of cash flows.