Daktronics Change In Cash from 2010 to 2024
| DAKT Stock | USD 10.97 0.01 0.09% |
Change In Cash | First Reported 1993-11-30 | Previous Quarter 29.7 M | Current Value 18.6 M | Quarterly Volatility 10.4 M |
Check Daktronics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Daktronics main balance sheet or income statement drivers, such as Depreciation And Amortization of 12.6 M, Interest Expense of 1.1 M or Selling General Administrative of 24.6 M, as well as many exotic indicators such as Price To Sales Ratio of 0.24, Dividend Yield of 0.0262 or PTB Ratio of 0.75. Daktronics financial statements analysis is a perfect complement when working with Daktronics Valuation or Volatility modules.
Daktronics | Change In Cash |
Latest Daktronics' Change In Cash Growth Pattern
Below is the plot of the Change In Cash of Daktronics over the last few years. It is Daktronics' Change In Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Daktronics' overall financial position and show how it may be relating to other accounts over time.
| Change In Cash | 10 Years Trend |
|
Change In Cash |
| Timeline |
Daktronics Change In Cash Regression Statistics
| Arithmetic Mean | (1,307,047) | |
| Coefficient Of Variation | (1,763) | |
| Mean Deviation | 15,317,835 | |
| Median | 4,670,000 | |
| Standard Deviation | 23,036,806 | |
| Sample Variance | 530.7T | |
| Range | 102.4M | |
| R-Value | 0.07 | |
| Mean Square Error | 568.4T | |
| R-Squared | 0.01 | |
| Significance | 0.79 | |
| Slope | 380,797 | |
| Total Sum of Squares | 7429.7T |
Daktronics Change In Cash History
About Daktronics Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Daktronics income statement, its balance sheet, and the statement of cash flows. Daktronics investors use historical funamental indicators, such as Daktronics's Change In Cash, to determine how well the company is positioned to perform in the future. Although Daktronics investors may use each financial statement separately, they are all related. The changes in Daktronics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Daktronics'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 Daktronics Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Daktronics. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Change In Cash | 6 M | 6.3 M |
Pair Trading with Daktronics
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 Daktronics 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 Daktronics will appreciate offsetting losses from the drop in the long position's value.Moving together with Daktronics Stock
| 0.69 | KN | Knowles Cor | PairCorr |
| 0.77 | UI | Ubiquiti Networks Fiscal Year End 23rd of August 2024 | PairCorr |
Moving against Daktronics Stock
| 0.87 | EMKR | EMCORE Fiscal Year End 10th of December 2024 | PairCorr |
| 0.79 | BAERW | Bridger Aerospace | PairCorr |
| 0.7 | VIAV | Viavi Solutions Fiscal Year End 8th of August 2024 | PairCorr |
| 0.64 | FEIM | Frequency Electronics | PairCorr |
| 0.57 | EVLV | Evolv Technologies | PairCorr |
The ability to find closely correlated positions to Daktronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daktronics 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 Daktronics - 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 Daktronics to buy it.
The correlation of Daktronics 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 Daktronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daktronics 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 Daktronics 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 Daktronics Correlation against competitors. For more information on how to buy Daktronics Stock please use our How to Invest in Daktronics guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Daktronics Stock analysis
When running Daktronics' price analysis, check to measure Daktronics' 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 Daktronics is operating at the current time. Most of Daktronics' value examination focuses on studying past and present price action to predict the probability of Daktronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daktronics' price. Additionally, you may evaluate how the addition of Daktronics to your portfolios can decrease your overall portfolio volatility.
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Is Daktronics' 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 Daktronics. If investors know Daktronics 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 Daktronics 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 0.182 | Earnings Share 1.16 | Revenue Per Share 17.694 | Quarterly Revenue Growth (0.08) | Return On Assets 0.1127 |
The market value of Daktronics is measured differently than its book value, which is the value of Daktronics that is recorded on the company's balance sheet. Investors also form their own opinion of Daktronics' value that differs from its market value or its book value, called intrinsic value, which is Daktronics' 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 Daktronics' market value can be influenced by many factors that don't directly affect Daktronics' 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 Daktronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Daktronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daktronics' 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.