Dolby Laboratories Stock Beta
| DLB Stock | USD 77.98 0.66 0.84% |
Dolby Laboratories fundamentals help investors to digest information that contributes to Dolby Laboratories' financial success or failures. It also enables traders to predict the movement of Dolby Stock. The fundamental analysis module provides a way to measure Dolby Laboratories' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dolby Laboratories stock.
Dolby | Beta |
Dolby Laboratories Company Beta Analysis
Dolby Laboratories' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Dolby Laboratories Beta | 0.97 |
Most of Dolby Laboratories' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Dolby Laboratories is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Dolby Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Dolby Laboratories is extremely important. It helps to project a fair market value of Dolby Stock properly, considering its historical fundamentals such as Beta. Since Dolby Laboratories' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Dolby Laboratories' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Dolby Laboratories' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Dolby Laboratories has a Beta of 0.97. This is 8.49% lower than that of the Electronic Equipment, Instruments & Components sector and 21.14% lower than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Dolby Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dolby Laboratories' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Dolby Laboratories could also be used in its relative valuation, which is a method of valuing Dolby Laboratories by comparing valuation metrics of similar companies.Dolby Laboratories is currently under evaluation in beta category among related companies.
Dolby Laboratories Institutional Holders
Institutional Holdings refers to the ownership stake in Dolby Laboratories that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dolby Laboratories' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Dolby Laboratories' value.| Shares | Wells Fargo & Co | 2023-12-31 | 1.2 M | Charles Schwab Investment Management Inc | 2023-12-31 | 681.2 K | Acadian Asset Management Llc | 2023-12-31 | 676.3 K | Schroder Investment Management Group | 2023-12-31 | 649.7 K | Ing Investment Management Llc | 2023-12-31 | 619.6 K | Fiera Capital Corporation | 2023-12-31 | 583 K | Dimensional Fund Advisors, Inc. | 2023-12-31 | 564.8 K | Bank Of America Corp | 2023-12-31 | 540.7 K | Northern Trust Corp | 2023-12-31 | 515.9 K | Vanguard Group Inc | 2023-12-31 | 6.4 M | Blackrock Inc | 2023-12-31 | 5.8 M |
Dolby Laboratories returns are very sensitive to returns on the market. As the market goes up or down, Dolby Laboratories is expected to follow.
Dolby Fundamentals
| Return On Equity | 0.0815 | ||||
| Return On Asset | 0.0531 | ||||
| Profit Margin | 0.15 % | ||||
| Operating Margin | 0.23 % | ||||
| Current Valuation | 6.78 B | ||||
| Shares Outstanding | 59.49 M | ||||
| Shares Owned By Insiders | 1.49 % | ||||
| Shares Owned By Institutions | 96.57 % | ||||
| Number Of Shares Shorted | 1.44 M | ||||
| Price To Earning | 23.36 X | ||||
| Price To Book | 3.27 X | ||||
| Price To Sales | 5.99 X | ||||
| Revenue | 1.01 B | ||||
| Gross Profit | 1.15 B | ||||
| EBITDA | 219.25 M | ||||
| Net Income | 191.74 M | ||||
| Cash And Equivalents | 620.13 M | ||||
| Cash Per Share | 10.40 X | ||||
| Total Debt | 50.65 M | ||||
| Debt To Equity | 0.02 % | ||||
| Current Ratio | 5.27 X | ||||
| Book Value Per Share | 24.47 X | ||||
| Cash Flow From Operations | 282.07 M | ||||
| Short Ratio | 4.60 X | ||||
| Earnings Per Share | 1.92 X | ||||
| Price To Earnings To Growth | 2.08 X | ||||
| Target Price | 98.0 | ||||
| Number Of Employees | 2.25 K | ||||
| Beta | 0.97 | ||||
| Market Capitalization | 7.51 B | ||||
| Total Asset | 2.98 B | ||||
| Retained Earnings | 2.39 B | ||||
| Working Capital | 1.07 B | ||||
| Current Asset | 759.73 M | ||||
| Current Liabilities | 213.08 M | ||||
| Annual Yield | 0.02 % | ||||
| Five Year Return | 1.09 % | ||||
| Net Asset | 2.98 B | ||||
| Last Dividend Paid | 1.14 |
About Dolby Laboratories Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dolby Laboratories's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dolby Laboratories using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dolby Laboratories 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.
Dolby Laboratories Investors Sentiment
The influence of Dolby Laboratories' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dolby. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Dolby Laboratories' public news can be used to forecast risks associated with an investment in Dolby. The trend in average sentiment can be used to explain how an investor holding Dolby can time the market purely based on public headlines and social activities around Dolby Laboratories. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Dolby Laboratories' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dolby Laboratories' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dolby Laboratories' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dolby Laboratories.
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 Dolby Laboratories 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, Dolby Laboratories' short interest history, or implied volatility extrapolated from Dolby Laboratories options trading.
Pair Trading with Dolby Laboratories
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 Dolby Laboratories 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 Dolby Laboratories will appreciate offsetting losses from the drop in the long position's value.Moving together with Dolby Stock
| 0.68 | ERIC | Telefonaktiebolaget Financial Report 12th of July 2024 | PairCorr |
The ability to find closely correlated positions to Dolby Laboratories could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dolby Laboratories 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 Dolby Laboratories - 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 Dolby Laboratories to buy it.
The correlation of Dolby Laboratories 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 Dolby Laboratories moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dolby Laboratories 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 Dolby Laboratories 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 Dolby Laboratories Piotroski F Score and Dolby Laboratories Altman Z Score analysis. For information on how to trade Dolby Stock refer to our How to Trade Dolby Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Dolby Stock analysis
When running Dolby Laboratories' price analysis, check to measure Dolby Laboratories' 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 Dolby Laboratories is operating at the current time. Most of Dolby Laboratories' value examination focuses on studying past and present price action to predict the probability of Dolby Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dolby Laboratories' price. Additionally, you may evaluate how the addition of Dolby Laboratories to your portfolios can decrease your overall portfolio volatility.
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Is Dolby Laboratories' 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 Dolby Laboratories. If investors know Dolby 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 Dolby Laboratories 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 (0.16) | Dividend Share 1.14 | Earnings Share 1.92 | Revenue Per Share 13.388 | Quarterly Revenue Growth (0.06) |
The market value of Dolby Laboratories is measured differently than its book value, which is the value of Dolby that is recorded on the company's balance sheet. Investors also form their own opinion of Dolby Laboratories' value that differs from its market value or its book value, called intrinsic value, which is Dolby Laboratories' 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 Dolby Laboratories' market value can be influenced by many factors that don't directly affect Dolby Laboratories' 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 Dolby Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dolby Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dolby Laboratories' 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.