DraftKings EBITDA Margin from 2010 to 2024

DKNG Stock  USD 45.35  3.33  6.84%   
Check DraftKings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among DraftKings main balance sheet or income statement drivers, such as Tax Provision of 13.7 M, Net Interest Income of 50.4 M or Depreciation And Amortization of 212 M, as well as many exotic indicators such as Price To Sales Ratio of 4.23, Dividend Yield of 0.0042 or Operating Cycle of 33.04. DraftKings financial statements analysis is a perfect complement when working with DraftKings Valuation or Volatility modules.
  
This module can also supplement DraftKings' financial leverage analysis and stock options assessment as well as various DraftKings Technical models . Check out the analysis of DraftKings Correlation against competitors.
For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.

About DraftKings Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include DraftKings income statement, its balance sheet, and the statement of cash flows. DraftKings investors use historical funamental indicators, such as DraftKings's EBITDA Margin, to determine how well the company is positioned to perform in the future. Although DraftKings investors may use each financial statement separately, they are all related. The changes in DraftKings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on DraftKings'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 DraftKings Financial Statements. Understanding these patterns can help to make the right decision on long term investment in DraftKings. Please read more on our technical analysis and fundamental analysis pages.
DraftKings Inc. operates a digital sports entertainment and gaming company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts. Draftkings operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 3400 people.

Pair Trading with DraftKings

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

Moving together with DraftKings Stock

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Moving against DraftKings Stock

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The ability to find closely correlated positions to DraftKings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DraftKings 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 DraftKings - 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 DraftKings to buy it.
The correlation of DraftKings 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 DraftKings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DraftKings 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 DraftKings 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 CorrelationCorrelation Matching
When determining whether DraftKings is a strong investment it is important to analyze DraftKings' 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 DraftKings' future performance. For an informed investment choice regarding DraftKings Stock, refer to the following important reports:
Check out the analysis of DraftKings Correlation against competitors.
For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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When running DraftKings' price analysis, check to measure DraftKings' 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 DraftKings is operating at the current time. Most of DraftKings' value examination focuses on studying past and present price action to predict the probability of DraftKings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DraftKings' price. Additionally, you may evaluate how the addition of DraftKings to your portfolios can decrease your overall portfolio volatility.
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Is DraftKings' 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 DraftKings. If investors know DraftKings 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 DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.73)
Revenue Per Share
7.923
Quarterly Revenue Growth
0.439
Return On Assets
(0.12)
Return On Equity
(0.74)
The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' 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 DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' 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 DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' 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.