DigitalTown Debt to Equity vs. Working Capital
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 Working Capital vs. Debt to Equity Fundamental Analysis
DigitalTown Working Capital vs. Debt to Equity
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Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
DigitalTown Working Capital Comparison
DigitalTown is currently under evaluation in working capital 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 Food Products Thematic Idea Now
Food Products
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Food Products theme has 61 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 Food Products Theme or any other thematic opportunities.
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Check out Investing Opportunities. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.