Discover Market Capitalization from 2010 to 2024
| DFS Stock | USD 129.02 0.22 0.17% |
Check Discover Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Discover main balance sheet or income statement drivers, such as Interest Expense of 1.3 B, Total Revenue of 21.6 B or Gross Profit of 21.6 B, as well as many exotic indicators such as Price To Sales Ratio of 1.32, Dividend Yield of 0.0323 or PTB Ratio of 1.72. Discover financial statements analysis is a perfect complement when working with Discover Financial Valuation or Volatility modules.
Discover | Market Capitalization |
Latest Discover Financial's Market Capitalization Growth Pattern
Below is the plot of the Market Cap of Discover Financial Services over the last few years. It is Discover Financial's Market Cap historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Discover Financial's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 32.38 B | 10 Years Trend |
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Market Cap |
| Timeline |
Discover Market Capitalization Regression Statistics
| Arithmetic Mean | 26,216,395,957 | |
| Geometric Mean | 25,689,198,522 | |
| Coefficient Of Variation | 18.18 | |
| Mean Deviation | 3,142,395,803 | |
| Median | 27,142,400,000 | |
| Standard Deviation | 4,764,990,238 | |
| Sample Variance | 22705132T | |
| Range | 16.6B | |
| R-Value | (0.17) | |
| Mean Square Error | 23780176T | |
| R-Squared | 0.03 | |
| Significance | 0.56 | |
| Slope | (176,570,096) | |
| Total Sum of Squares | 317871847.5T |
Discover Market Capitalization History
About Discover Financial Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Discover Financial income statement, its balance sheet, and the statement of cash flows. Discover Financial investors use historical funamental indicators, such as Discover Financial's Market Capitalization, to determine how well the company is positioned to perform in the future. Although Discover Financial investors may use each financial statement separately, they are all related. The changes in Discover Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Discover Financial'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. We offer a historical overview of the basic patterns found on Discover Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Discover Financial. Please read more on our technical analysis and fundamental analysis pages.
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. The company was incorporated in 1960 and is based in Riverwoods, Illinois. Discover Financial operates under Credit Services classification in the United States and is traded on New York Stock Exchange. It employs 16700 people.
Pair Trading with Discover Financial
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 Discover Financial 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 Discover Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Discover Stock
| 0.87 | CG | Carlyle Group Earnings Call This Week | PairCorr |
Moving against Discover Stock
| 0.83 | AJX | Great Ajax Corp Earnings Call This Week | PairCorr |
| 0.68 | EFC | Ellington Financial LLC Financial Report 13th of May 2024 | PairCorr |
The ability to find closely correlated positions to Discover Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Discover Financial 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 Discover Financial - 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 Discover Financial Services to buy it.
The correlation of Discover Financial 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 Discover Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discover Financial 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 Discover Financial 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 the analysis of Discover Financial Correlation against competitors. Note that the Discover Financial information on this page should be used as a complementary analysis to other Discover Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Discover Stock analysis
When running Discover Financial's price analysis, check to measure Discover Financial'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 Discover Financial is operating at the current time. Most of Discover Financial's value examination focuses on studying past and present price action to predict the probability of Discover Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Discover Financial's price. Additionally, you may evaluate how the addition of Discover Financial to your portfolios can decrease your overall portfolio volatility.
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Is Discover Financial'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 Discover Financial. If investors know Discover 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 Discover Financial 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 (0.69) | Dividend Share 2.8 | Earnings Share 8.78 | Revenue Per Share 39.45 | Quarterly Revenue Growth 0.294 |
The market value of Discover Financial is measured differently than its book value, which is the value of Discover that is recorded on the company's balance sheet. Investors also form their own opinion of Discover Financial's value that differs from its market value or its book value, called intrinsic value, which is Discover Financial'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 Discover Financial's market value can be influenced by many factors that don't directly affect Discover Financial'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 Discover Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Discover Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Discover Financial'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.