Destination Return On Assets from 2010 to 2024
| DXLG Stock | USD 3.31 0.03 0.91% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.0778608 | Current Value (0.05) | Quarterly Volatility 0.11944264 |
Check Destination financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Destination main balance sheet or income statement drivers, such as Depreciation And Amortization of 14.3 M, Total Revenue of 359.1 M or Gross Profit of 144.8 M, as well as many exotic indicators such as Price To Sales Ratio of 0.6, Dividend Yield of 0.0138 or PTB Ratio of 2.67. Destination financial statements analysis is a perfect complement when working with Destination Valuation or Volatility modules.
Destination | Return On Assets |
Latest Destination's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Destination XL Group over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Destination's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Destination's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
Destination Return On Assets Regression Statistics
| Arithmetic Mean | (0.04) | |
| Geometric Mean | 0.05 | |
| Coefficient Of Variation | (316.30) | |
| Mean Deviation | 0.09 | |
| Median | (0.02) | |
| Standard Deviation | 0.12 | |
| Sample Variance | 0.01 | |
| Range | 0.3297 | |
| R-Value | 0.61 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.38 | |
| Significance | 0.01 | |
| Slope | 0.02 | |
| Total Sum of Squares | 0.20 |
Destination Return On Assets History
About Destination Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Destination income statement, its balance sheet, and the statement of cash flows. Destination investors use historical funamental indicators, such as Destination's Return On Assets, to determine how well the company is positioned to perform in the future. Although Destination investors may use each financial statement separately, they are all related. The changes in Destination's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Destination'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 Destination Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Destination. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Assets | 0.08 | (0.05) |
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 Destination 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, Destination's short interest history, or implied volatility extrapolated from Destination options trading.
Pair Trading with Destination
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 Destination 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 Destination will appreciate offsetting losses from the drop in the long position's value.Moving together with Destination Stock
| 0.74 | BQ | Boqii Holding Limited | PairCorr |
Moving against Destination Stock
| 0.83 | EBAY | eBay Inc Financial Report 24th of April 2024 | PairCorr |
| 0.81 | DRVN | Driven Brands Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.8 | AN | AutoNation Financial Report 18th of April 2024 | PairCorr |
| 0.77 | JD | JD Inc Adr Financial Report 9th of May 2024 | PairCorr |
| 0.77 | EDUC | Educational Development Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Destination could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Destination 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 Destination - 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 Destination XL Group to buy it.
The correlation of Destination 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 Destination moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Destination XL Group 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 Destination 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 Destination Correlation against competitors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Destination Stock analysis
When running Destination's price analysis, check to measure Destination'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 Destination is operating at the current time. Most of Destination's value examination focuses on studying past and present price action to predict the probability of Destination's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Destination's price. Additionally, you may evaluate how the addition of Destination to your portfolios can decrease your overall portfolio volatility.
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Is Destination'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 Destination. If investors know Destination 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 Destination 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 (0.38) | Earnings Share 0.43 | Revenue Per Share 8.552 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0742 |
The market value of Destination XL Group is measured differently than its book value, which is the value of Destination that is recorded on the company's balance sheet. Investors also form their own opinion of Destination's value that differs from its market value or its book value, called intrinsic value, which is Destination'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 Destination's market value can be influenced by many factors that don't directly affect Destination'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 Destination's value and its price as these two are different measures arrived at by different means. Investors typically determine if Destination is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Destination'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.