Digirad Fundamental Relationships

DRAD -- USA Stock  

USD 1.50  0.025  1.69%

The Drivers Module shows relationships between Digirad's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Digirad Corporation over time as well as its relative position and ranking within its peers. Additionally see Investing Opportunities

Digirad Current Liabilities vs. Beta Fundamental Analysis

Digirad Corporation is rated below average in beta category among related companies. It is rated below average in current liabilities category among related companies creating about  3,374,419  of Current Liabilities per Beta.
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 financial instrument to the financial market in which this instrument is traded. For example if Beta of equity is 2, it will be expected to significantly outperform market when market is going up and significantly underperform when market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns during over time.
Digirad 
Beta 
 = 
Covariance 
Variance 
=
2.58
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.
Current Liabilities is company's short term debts. This usually includes obligations that are due within next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Digirad 
Current Liabilities 
 = 
Payables 
Accrued Debt 
=
8.71 M
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.

Digirad Current Liabilities Comparison

  Current Liabilities 
      Digirad Comparables 
Digirad is rated below average in current liabilities category among related companies.
  Revenue 
      Digirad Comparables 
Digirad is rated below average in revenue category among related companies.
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