DigitalTown Shares Outstanding vs. Beta

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 April. Profitability indicators assess DigitalTown's ability to earn profits and add value for shareholders.
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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Please note, there is a significant difference between DigitalTown's value and its price as these two are different measures arrived at by different means. Investors typically determine if DigitalTown is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DigitalTown'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.

DigitalTown Beta vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining DigitalTown's current stock value. Our valuation model uses many indicators to compare DigitalTown value to that of its competitors to determine the firm's financial worth.
DigitalTown is one of the top stocks in shares outstanding category among related companies. It is one of the top stocks in beta category among related companies . The ratio of Shares Outstanding to Beta for DigitalTown is about  23,066,588 . Comparative valuation analysis is a catch-all model that can be used if you cannot value DigitalTown by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for DigitalTown's Pink Sheet . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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 DigitalTown's earnings, one of the primary drivers of an investment's value.

DigitalTown Beta vs. Shares Outstanding

Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

DigitalTown

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
2.57 B
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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.

DigitalTown

Beta

 = 

Covariance

Variance

 = 
111.27
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.

DigitalTown Beta Comparison

DigitalTown is currently under evaluation in beta category among related companies.

Beta Analysis

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DigitalTown will likely underperform.

DigitalTown Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in DigitalTown, profitability is also one of the essential criteria for including it into their portfolios because, without profit, DigitalTown will eventually generate negative long term returns. The profitability progress is the general direction of DigitalTown's change in net profit over the period of time. It can combine multiple indicators of DigitalTown, 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.
DigitalTown, Inc. provides integrated search, community, and commerce platform for Web and mobile devices. On December 13, 2021, the voluntary petition of DigitalTown, Inc. for reorganization under Chapter 11 was converted to Chapter 7. Digitaltown is traded on OTC Exchange in the United States.

DigitalTown Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on DigitalTown. 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 DigitalTown 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 DigitalTown's important profitability drivers and their relationship over time.

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.
Pair CorrelationCorrelation Matching

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.

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Run Financials Thematic Idea Now

Financials
Financials Theme
Companies that provide financial services to business or retail customers. The Financials theme has 20 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 Financials Theme or any other thematic opportunities.
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You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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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.
Potential DigitalTown investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although DigitalTown investors may work on each financial statement separately, they are all related. The changes in DigitalTown's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on DigitalTown's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.