Digital Turbine Stock Piotroski F Score
| APPS Stock | USD 1.91 0.05 2.55% |
Digital | Piotroski F Score |
At this time, it appears that Digital Turbine's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
3.0
Piotroski F Score - Frail
| Current Return On Assets | Negative |
| Change in Return on Assets | Decreased |
| Cash Flow Return on Assets | Positive |
| Current Quality of Earnings (accrual) | Improving |
| Asset Turnover Growth | Decrease |
| Current Ratio Change | Increase |
| Long Term Debt Over Assets Change | Higher Leverage |
| Change In Outstending Shares | Increase |
| Change in Gross Margin | No Change |
Digital Turbine Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Digital Turbine is to make sure Digital is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Digital Turbine's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Digital Turbine's financial numbers are properly reported.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Asset Turnover | 0.41 | 0.4327 |
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| Gross Profit Margin | 0.56 | 1.0625 |
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| Total Current Liabilities | 266.8 M | 254.1 M |
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| Non Current Liabilities Total | 529.3 M | 504.1 M |
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| Total Assets | 1.5 B | 1.5 B |
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| Total Current Assets | 321.3 M | 306 M |
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Digital Turbine F Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Digital Turbine's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Digital Turbine in a much-optimized way.
Click cells to compare fundamentals
About Digital Turbine Piotroski F Score
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.Book Value Per Share |
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About Digital Turbine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Digital Turbine's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Digital Turbine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Digital Turbine based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Digital Turbine
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 Digital Turbine 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 Digital Turbine will appreciate offsetting losses from the drop in the long position's value.Moving together with Digital Stock
| 0.83 | U | Unity Software Aggressive Push | PairCorr |
| 0.93 | DT | Dynatrace Holdings LLC Potential Growth | PairCorr |
Moving against Digital Stock
| 0.84 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
| 0.79 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.7 | VERX | Vertex Financial Report 8th of May 2024 | PairCorr |
| 0.58 | DUOL | Duolingo Financial Report 14th of May 2024 | PairCorr |
| 0.47 | DJCO | Daily Journal Corp | PairCorr |
The ability to find closely correlated positions to Digital Turbine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital Turbine 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 Digital Turbine - 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 Digital Turbine to buy it.
The correlation of Digital Turbine 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 Digital Turbine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Turbine 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 Digital Turbine 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 Digital Turbine Altman Z Score, Digital Turbine Correlation, Digital Turbine Valuation, as well as analyze Digital Turbine Alpha and Beta and Digital Turbine Hype Analysis. For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Complementary Tools for Digital Stock analysis
When running Digital Turbine's price analysis, check to measure Digital Turbine'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 Digital Turbine is operating at the current time. Most of Digital Turbine's value examination focuses on studying past and present price action to predict the probability of Digital Turbine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digital Turbine's price. Additionally, you may evaluate how the addition of Digital Turbine to your portfolios can decrease your overall portfolio volatility.
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Is Digital Turbine'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 Digital Turbine. If investors know Digital 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 Digital Turbine 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 (0.43) | Earnings Share (1.97) | Revenue Per Share 5.707 | Quarterly Revenue Growth (0.12) | Return On Assets (0.01) |
The market value of Digital Turbine is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital Turbine's value that differs from its market value or its book value, called intrinsic value, which is Digital Turbine'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 Digital Turbine's market value can be influenced by many factors that don't directly affect Digital Turbine'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 Digital Turbine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digital Turbine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Turbine'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.