Doximity Return on Sales from 2010 to 2024
| DOCS Stock | USD 23.91 0.67 2.73% |
Check Doximity financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Doximity main balance sheet or income statement drivers, such as Tax Provision of 24.6 M, Net Interest Income of 11.2 M or Interest Income of 11.2 M, as well as many exotic indicators such as Price To Sales Ratio of 16.31, Dividend Yield of 0.0 or PTB Ratio of 7.07. Doximity financial statements analysis is a perfect complement when working with Doximity Valuation or Volatility modules.
Doximity | Return on Sales |
About Doximity Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Doximity income statement, its balance sheet, and the statement of cash flows. Doximity investors use historical funamental indicators, such as Doximity's Return on Sales, to determine how well the company is positioned to perform in the future. Although Doximity investors may use each financial statement separately, they are all related. The changes in Doximity's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Doximity'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 Doximity Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Doximity. Please read more on our technical analysis and fundamental analysis pages.
Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California. Doximity Inc operates under Health Information Services classification in the United States and is traded on New York Stock Exchange. It employs 887 people.
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
| 0.83 | DRIO | DarioHealth Corp Financial Report 9th of May 2024 | PairCorr |
Moving against Doximity Stock
| 0.72 | NXL | Nexalin Technology | PairCorr |
| 0.59 | AGTI | Agiliti Financial Report 14th of May 2024 | PairCorr |
| 0.57 | CI | Cigna Corp Earnings Call Next Week | PairCorr |
| 0.56 | ELV | Elevance Health Financial Report 17th of July 2024 | PairCorr |
| 0.56 | IRIX | IRIDEX Financial Report 9th of May 2024 | PairCorr |
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.Check out the analysis of Doximity Correlation against competitors. 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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.