Doximity Total Current Assets vs Common Stock Analysis

DOCS Stock

USD 23.74 0.11 0.46%

Doximity financial indicator trend analysis is much more than just examining Doximity latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Doximity is a good investment. Please check the relationship between Doximity Total Current Assets and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doximity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Doximity Stock please use our How to Invest in Doximity guide.

Total Current Assets vs Common Stock

Total Current Assets vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Doximity Total Current Assets account and Common Stock. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Doximity's Total Current Assets and Common Stock is 0.93. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Common Stock in the same time period over historical financial statements of Doximity, assuming nothing else is changed. The correlation between historical values of Doximity's Total Current Assets and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of Doximity are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Total Current Assets i.e., Doximity's Total Current Assets and Common Stock go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Common Stock

Most indicators from Doximity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Doximity current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doximity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Doximity Stock please use our How to Invest in Doximity guide.At this time, Doximity's Tax Provision is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 22.8 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	2.1M	9.3M	10.7M	11.2M
Net Interest Income	2.1M	9.3M	10.7M	11.2M

Interest Income Net Interest Income

Doximity fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		-0.19	0.89	1.0	0.9	1.0	0.95	-0.98	1.0	-0.05	0.91	0.98	0.73	1.0	1.0	0.91	0.9	1.0	0.78	0.92	0.78	0.75	1.0	0.94	0.92	0.95
Other Current Liab	-0.19		-0.32	-0.12	-0.06	-0.17	-0.27	0.27	-0.26	-0.52	-0.18	-0.2	-0.73	-0.21	-0.17	-0.22	-0.16	-0.16	-0.63	-0.21	0.02	-0.63	-0.19	-0.15	-0.27	-0.27
Total Current Liabilities	0.89	-0.32		0.87	0.79	0.88	0.88	-0.95	0.92	0.24	0.97	0.9	0.87	0.88	0.88	0.99	0.93	0.88	0.93	0.95	0.66	0.91	0.89	0.86	0.97	0.88
Total Stockholder Equity	1.0	-0.12	0.87		0.89	1.0	0.93	-0.96	0.99	-0.13	0.9	0.97	0.68	0.99	1.0	0.9	0.89	1.0	0.73	0.92	0.77	0.69	1.0	0.92	0.91	0.93
Other Liab	0.9	-0.06	0.79	0.89		0.87	0.97	-0.87	0.88	0.18	0.83	0.96	0.56	0.87	0.89	0.81	0.9	0.87	0.63	0.73	0.97	0.7	0.89	0.99	0.76	0.97
Net Tangible Assets	1.0	-0.17	0.88	1.0	0.87		0.92	-0.97	0.99	-0.12	0.9	0.96	0.72	1.0	1.0	0.91	0.88	1.0	0.77	0.93	0.73	0.72	1.0	0.91	0.93	0.92
Property Plant And Equipment Net	0.95	-0.27	0.88	0.93	0.97	0.92		-0.93	0.95	0.22	0.88	0.99	0.74	0.93	0.93	0.88	0.93	0.92	0.79	0.81	0.9	0.83	0.94	0.99	0.85	1.0
Net Debt	-0.98	0.27	-0.95	-0.96	-0.87	-0.97	-0.93		-0.99	-0.07	-0.95	-0.96	-0.81	-0.97	-0.97	-0.96	-0.89	-0.97	-0.86	-0.95	-0.73	-0.82	-0.97	-0.92	-0.96	-0.93
Retained Earnings	1.0	-0.26	0.92	0.99	0.88	0.99	0.95	-0.99		-0.01	0.92	0.98	0.79	0.99	0.99	0.93	0.9	0.99	0.84	0.93	0.75	0.8	1.0	0.93	0.94	0.95
Accounts Payable	-0.05	-0.52	0.24	-0.13	0.18	-0.12	0.22	-0.07	-0.01		0.15	0.09	0.36	-0.1	-0.1	0.15	0.2	-0.13	0.36	-0.06	0.27	0.54	-0.08	0.19	0.04	0.22
Cash	0.91	-0.18	0.97	0.9	0.83	0.9	0.88	-0.95	0.92	0.15		0.91	0.76	0.9	0.9	1.0	0.96	0.9	0.84	0.96	0.71	0.83	0.91	0.87	0.98	0.88
Non Current Assets Total	0.98	-0.2	0.9	0.97	0.96	0.96	0.99	-0.96	0.98	0.09	0.91		0.73	0.96	0.97	0.9	0.93	0.96	0.79	0.87	0.87	0.8	0.98	0.98	0.89	0.99
Non Currrent Assets Other	0.73	-0.73	0.87	0.68	0.56	0.72	0.74	-0.81	0.79	0.36	0.76	0.73		0.73	0.72	0.81	0.71	0.71	0.99	0.79	0.41	0.95	0.73	0.67	0.82	0.74
Other Assets	1.0	-0.21	0.88	0.99	0.87	1.0	0.93	-0.97	0.99	-0.1	0.9	0.96	0.73		1.0	0.9	0.89	1.0	0.78	0.93	0.74	0.73	1.0	0.91	0.93	0.93
Cash And Short Term Investments	1.0	-0.17	0.88	1.0	0.89	1.0	0.93	-0.97	0.99	-0.1	0.9	0.97	0.72	1.0		0.91	0.89	1.0	0.77	0.93	0.75	0.73	1.0	0.92	0.93	0.93
Net Receivables	0.91	-0.22	0.99	0.9	0.81	0.91	0.88	-0.96	0.93	0.15	1.0	0.9	0.81	0.9	0.91		0.94	0.9	0.88	0.97	0.68	0.85	0.91	0.86	0.99	0.88
Common Stock Shares Outstanding	0.9	-0.16	0.93	0.89	0.9	0.88	0.93	-0.89	0.9	0.2	0.96	0.93	0.71	0.89	0.89	0.94		0.88	0.79	0.88	0.83	0.82	0.89	0.92	0.91	0.93
Short Term Investments	1.0	-0.16	0.88	1.0	0.87	1.0	0.92	-0.97	0.99	-0.13	0.9	0.96	0.71	1.0	1.0	0.9	0.88		0.76	0.93	0.74	0.71	1.0	0.91	0.93	0.92
Inventory	0.78	-0.63	0.93	0.73	0.63	0.77	0.79	-0.86	0.84	0.36	0.84	0.79	0.99	0.78	0.77	0.88	0.79	0.76		0.85	0.48	0.97	0.78	0.73	0.88	0.79
Other Current Assets	0.92	-0.21	0.95	0.92	0.73	0.93	0.81	-0.95	0.93	-0.06	0.96	0.87	0.79	0.93	0.93	0.97	0.88	0.93	0.85		0.56	0.77	0.93	0.79	0.99	0.81
Other Stockholder Equity	0.78	0.02	0.66	0.77	0.97	0.73	0.9	-0.73	0.75	0.27	0.71	0.87	0.41	0.74	0.75	0.68	0.83	0.74	0.48	0.56		0.6	0.76	0.93	0.61	0.9
Total Liab	0.75	-0.63	0.91	0.69	0.7	0.72	0.83	-0.82	0.8	0.54	0.83	0.8	0.95	0.73	0.73	0.85	0.82	0.71	0.97	0.77	0.6		0.74	0.78	0.82	0.83
Total Current Assets	1.0	-0.19	0.89	1.0	0.89	1.0	0.94	-0.97	1.0	-0.08	0.91	0.98	0.73	1.0	1.0	0.91	0.89	1.0	0.78	0.93	0.76	0.74		0.93	0.93	0.94
Intangible Assets	0.94	-0.15	0.86	0.92	0.99	0.91	0.99	-0.92	0.93	0.19	0.87	0.98	0.67	0.91	0.92	0.86	0.92	0.91	0.73	0.79	0.93	0.78	0.93		0.82	0.99
Common Stock	0.92	-0.27	0.97	0.91	0.76	0.93	0.85	-0.96	0.94	0.04	0.98	0.89	0.82	0.93	0.93	0.99	0.91	0.93	0.88	0.99	0.61	0.82	0.93	0.82		0.85
Property Plant Equipment	0.95	-0.27	0.88	0.93	0.97	0.92	1.0	-0.93	0.95	0.22	0.88	0.99	0.74	0.93	0.93	0.88	0.93	0.92	0.79	0.81	0.9	0.83	0.94	0.99	0.85

Click cells to compare fundamentals

Doximity Account Relationship Matchups

Doximity fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	138.9M	251.7M	991.4M	1.1B	1.3B	1.4B
Other Current Liab	8.0M	16.3M	25.3M	31.2M	35.9M	25.9M
Total Current Liabilities	55.7M	102.0M	111.3M	139.5M	160.4M	98.2M
Total Stockholder Equity	1.1M	66.7M	878.6M	966.1M	1.1B	1.2B
Other Liab	288K	1.2M	1.0M	17.4M	20.0M	21.0M
Property Plant And Equipment Net	7.1M	8.9M	9.6M	25.1M	28.9M	30.3M
Net Debt	(46.1M)	(65.1M)	(111.7M)	(142.4M)	(128.2M)	(121.7M)
Retained Earnings	(13.9M)	36.3M	191.1M	217.9M	250.5M	263.1M
Accounts Payable	1.4M	1.5M	463K	1.3M	1.1M	896.8K
Cash	48.4M	66.4M	112.8M	158.0M	181.7M	92.2M
Non Current Assets Total	15.9M	42.3M	87.2M	161.4M	185.7M	194.9M
Non Currrent Assets Other	1.3M	2.8M	2.3M	1.7M	1.9M	1.4M
Cash And Short Term Investments	86.4M	142.5M	798.1M	841.0M	967.1M	1.0B
Net Receivables	26.2M	50.3M	81.1M	107.0M	123.1M	61.6M
Short Term Investments	38.0M	76.1M	685.3M	683.0M	785.4M	824.7M
Other Current Assets	6.9M	10.7M	25.0M	22.3M	25.6M	15.5M
Other Stockholder Equity	15.0M	(51.1M)	(288.8M)	762.2M	876.5M	920.3M
Total Liab	137.8M	185.0M	112.8M	170.8M	196.4M	141.7M
Total Current Assets	123.0M	209.4M	904.1M	975.5M	1.1B	1.2B
Intangible Assets	393K	9.6M	7.9M	31.8M	36.6M	38.4M
Common Stock	68K	83K	192K	194K	223.1K	125.4K
Property Plant Equipment	7.1M	8.9M	9.6M	25.1M	28.9M	30.3M

Pair Trading with Doximity

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 Doximity 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 Doximity will appreciate offsetting losses from the drop in the long position's value.

Moving together with Doximity Stock

0.9	DH	Definitive Healthcare	Pair Corr
0.77	VEEV	Veeva Systems Class Financial Report 29th of May 2024	Pair Corr

Moving against Doximity Stock

0.91	EHC	Encompass Health Corp	Pair Corr
0.86	BSX	Boston Scientific Corp	Pair Corr
0.55	DVA	DaVita HealthCare	Pair Corr
0.55	SEM	Select Medical Holdings	Pair Corr
0.41	DXCM	DexCom Inc	Pair Corr

The ability to find closely correlated positions to Doximity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doximity 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 Doximity - 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 Doximity to buy it.

The correlation of Doximity 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 Doximity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doximity 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 Doximity 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 Correlation Correlation Matching

When determining whether Doximity is a strong investment it is important to analyze Doximity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Doximity's future performance. For an informed investment choice regarding Doximity Stock, refer to the following important reports:

How To Invest In Doximity

Details

Is Doximity Stock a good investment?

Details

What is Doximity's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doximity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Doximity Stock please use our How to Invest in Doximity guide.

Note that the Doximity information on this page should be used as a complementary analysis to other Doximity'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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Doximity Stock analysis

When running Doximity's price analysis, check to measure Doximity'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 Doximity is operating at the current time. Most of Doximity's value examination focuses on studying past and present price action to predict the probability of Doximity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doximity's price. Additionally, you may evaluate how the addition of Doximity to your portfolios can decrease your overall portfolio volatility.

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Is Doximity'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 Doximity. If investors know Doximity 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 Doximity 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

0.5

Earnings Share

0.67

Revenue Per Share

2.44

Quarterly Revenue Growth

0.174

Return On Assets

0.0991

The market value of Doximity is measured differently than its book value, which is the value of Doximity that is recorded on the company's balance sheet. Investors also form their own opinion of Doximity's value that differs from its market value or its book value, called intrinsic value, which is Doximity'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 Doximity's market value can be influenced by many factors that don't directly affect Doximity'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 Doximity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doximity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doximity'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Doximity Total Current Assets vs Common Stock Analysis

Total Current Assets vs Common Stock

Total Current Assets vs Common Stock Correlation Analysis

Correlation Coefficient

Total Current Assets

Common Stock

Doximity fundamental ratios Correlations

Doximity Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Doximity fundamental ratios Accounts

Pair Trading with Doximity

Moving together with Doximity Stock

Moving against Doximity Stock

Complementary Tools for Doximity Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Net Tangible Assets	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Other Assets	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Total Assets
Short Term Investments	+ 1.0	Total Assets

Retained Earnings	- 0.99	Net Debt
Net Debt	- 0.98	Total Assets
Total Current Assets	- 0.97	Net Debt
Short Term Investments	- 0.97	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Other Assets	- 0.97	Net Debt