CDK Financial Statements From 2010 to 2024
CDKDelisted Stock | USD 54.76 0.00 0.00% |
Check CDK Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CDK main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . CDK financial statements analysis is a perfect complement when working with CDK Global Valuation or Volatility modules.
CDK |
CDK Return On Equity Analysis
CDK Global's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current CDK Global Return On Equity | 53.35 |
Most of CDK Global's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CDK Global Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, CDK Global Holdings has a Return On Equity of 53. This is 543.47% lower than that of the Technology sector and significantly higher than that of the Software—Application industry. The return on equity for all United States stocks is notably lower than that of the firm.
CDK Global Holdings Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CDK Global's current stock value. Our valuation model uses many indicators to compare CDK Global value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CDK Global competition to find correlations between indicators driving CDK Global's intrinsic value. More Info.CDK Global Holdings is number one stock in current asset category among related companies. It is number one stock in return on equity category among related companies . The ratio of Current Asset to Return On Equity for CDK Global Holdings is about 13,846,298 . Comparative valuation analysis is a catch-all model that can be used if you cannot value CDK Global by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CDK Global's Stock . 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 CDK Global's earnings, one of the primary drivers of an investment's value.About CDK Global Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include CDK Global income statement, its balance sheet, and the statement of cash flows. CDK Global investors use historical funamental indicators, such as CDK Global's revenue or net income, to determine how well the company is positioned to perform in the future. Although CDK Global investors may use each financial statement separately, they are all related. The changes in CDK Global's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CDK Global'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 CDK Global Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CDK Global. Please read more on our technical analysis and fundamental analysis pages.
CDK Global, Inc., together with its subsidiaries, provides integrated data and technology solutions to the automotive, heavy truck, recreation, and heavy equipment industries in the United States and internationally. CDK Global, Inc. was incorporated in 2014 and is headquartered in Hoffman Estates, Illinois. CDK Global operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 6500 people.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CDK Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CDK Global's short interest history, or implied volatility extrapolated from CDK Global options trading.
Pair Trading with CDK Global
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 CDK Global 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 CDK Global will appreciate offsetting losses from the drop in the long position's value.Moving together with CDK Stock
0.65 | CRM | Salesforce Financial Report 29th of May 2024 | PairCorr |
0.72 | SAP | SAP SE ADR Fiscal Quarter End 31st of March 2024 | PairCorr |
0.69 | UBER | Uber Technologies Financial Report 7th of May 2024 | PairCorr |
Moving against CDK Stock
0.54 | AAPL | Apple Inc Fiscal Quarter End 31st of March 2024 | PairCorr |
The ability to find closely correlated positions to CDK Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CDK Global 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 CDK Global - 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 CDK Global Holdings to buy it.
The correlation of CDK Global is a statistical measure of how it moves in relation to other equities. 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 CDK Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CDK Global Holdings 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 CDK Global 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the CDK Global Holdings information on this page should be used as a complementary analysis to other CDK Global'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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Consideration for investing in CDK Stock
If you are still planning to invest in CDK Global Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CDK Global's history and understand the potential risks before investing.
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