DXP Historical Valuation
| DXPE Stock | USD 50.48 1.99 3.79% |
Some fundamental drivers such as market cap or DXP Enterprises enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze DXP Enterprises valuation indicators such as Enterprise Value of 464.3 M to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of DXP Enterprises's future value.
DXP |
About DXP Valuation Data Analysis
Valuation is the financial process of determining what DXP Enterprises is worth. DXP Enterprises valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. DXP Enterprises valuation ratios help investors to determine whether DXP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in DXP with respect to the benefits of owning DXP Enterprises security.
DXP Enterprises Valuation Data Chart
DXP valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of DXP equity instrument and the benefits of owning shares of DXP Enterprises.
As of April 17, 2024, Market Cap is expected to decline to about 282 M. In addition to that, Enterprise Value is expected to decline to about 464.3 M Enterprise Value
Enterprise Value (or EV) is usually referred to as DXP Enterprises theoretical takeover price. In the event of an acquisition, an acquirer would have to take on DXP Enterprises debt, but would also pocket its cash. Enterprise Value is more accurate representation of DXP Enterprises value than its market capitalization because it takes into account all of DXP Enterprises existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with DXP Enterprises
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 DXP Enterprises 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 DXP Enterprises will appreciate offsetting losses from the drop in the long position's value.Moving together with DXP Stock
| 0.63 | DSGR | Distribution Solutions Financial Report 2nd of May 2024 | PairCorr |
| 0.72 | FAST | Fastenal Financial Report 11th of July 2024 | PairCorr |
| 0.86 | FERG | Ferguson Plc Financial Report 4th of June 2024 | PairCorr |
| 0.78 | AIT | Applied Industrial Earnings Call Next Week | PairCorr |
Moving against DXP Stock
| 0.94 | AZ | A2Z Smart Technologies | PairCorr |
| 0.89 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.79 | TITN | Titan Machinery Financial Report 23rd of May 2024 | PairCorr |
| 0.61 | AP | Ampco Pittsburgh | PairCorr |
| 0.49 | MSM | MSC Industrial Direct Financial Report 4th of July 2024 | PairCorr |
The ability to find closely correlated positions to DXP Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DXP Enterprises 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 DXP Enterprises - 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 DXP Enterprises to buy it.
The correlation of DXP Enterprises 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 DXP Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DXP Enterprises 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 DXP Enterprises 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DXP Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For information on how to trade DXP Stock refer to our How to Trade DXP Stock guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for DXP Stock analysis
When running DXP Enterprises' price analysis, check to measure DXP Enterprises' 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 DXP Enterprises is operating at the current time. Most of DXP Enterprises' value examination focuses on studying past and present price action to predict the probability of DXP Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DXP Enterprises' price. Additionally, you may evaluate how the addition of DXP Enterprises to your portfolios can decrease your overall portfolio volatility.
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Is DXP Enterprises' 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 DXP Enterprises. If investors know DXP 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 DXP Enterprises 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 1.535 | Earnings Share 3.89 | Revenue Per Share 99.502 | Quarterly Revenue Growth 0.002 | Return On Assets 0.0786 |
The market value of DXP Enterprises is measured differently than its book value, which is the value of DXP that is recorded on the company's balance sheet. Investors also form their own opinion of DXP Enterprises' value that differs from its market value or its book value, called intrinsic value, which is DXP Enterprises' 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 DXP Enterprises' market value can be influenced by many factors that don't directly affect DXP Enterprises' 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 DXP Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if DXP Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DXP Enterprises' 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.