Deep Down Stock Current Ratio
| DPDWDelisted Stock | USD 0.58 0.05 9.43% |
Deep Down fundamentals help investors to digest information that contributes to Deep Down's financial success or failures. It also enables traders to predict the movement of Deep OTC Stock. The fundamental analysis module provides a way to measure Deep Down's 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 Deep Down otc stock.
Deep |
Deep Down OTC Stock Current Ratio Analysis
Deep Down's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Deep Down Current Ratio | 3.06 X |
Most of Deep Down's fundamental indicators, such as Current Ratio, 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, Deep Down is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, Deep Down has a Current Ratio of 3.06 times. This is 118.57% higher than that of the Energy Equipment & Services sector and 5.52% higher than that of the Energy industry. The current ratio for all United States stocks is 41.67% lower than that of the firm.
Deep Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Deep Down's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Deep Down could also be used in its relative valuation, which is a method of valuing Deep Down by comparing valuation metrics of similar companies.Deep Down is currently under evaluation in current ratio category among related companies.
Deep Fundamentals
| Return On Equity | -0.0622 | |||
| Return On Asset | -0.0362 | |||
| Profit Margin | (0.04) % | |||
| Operating Margin | (0.06) % | |||
| Current Valuation | 11.22 M | |||
| Shares Outstanding | 11.89 M | |||
| Shares Owned By Insiders | 48.25 % | |||
| Shares Owned By Institutions | 6.83 % | |||
| Price To Earning | 4.60 X | |||
| Price To Book | 0.90 X | |||
| Price To Sales | 0.48 X | |||
| Revenue | 17.23 M | |||
| Gross Profit | 6.5 M | |||
| EBITDA | 3.4 M | |||
| Net Income | 2.33 M | |||
| Cash And Equivalents | 3.44 M | |||
| Cash Per Share | 0.29 X | |||
| Total Debt | 1.24 M | |||
| Debt To Equity | 0.12 % | |||
| Current Ratio | 3.06 X | |||
| Book Value Per Share | 0.70 X | |||
| Cash Flow From Operations | (1.07 M) | |||
| Earnings Per Share | 0.11 X | |||
| Target Price | 2.0 | |||
| Number Of Employees | 46 | |||
| Beta | 0.9 | |||
| Market Capitalization | 7.01 M | |||
| Total Asset | 14.73 M | |||
| Retained Earnings | (49.44 M) | |||
| Working Capital | 14.62 M | |||
| Current Asset | 19.34 M | |||
| Current Liabilities | 4.71 M | |||
| Z Score | -0.2 | |||
| Net Asset | 14.73 M |
About Deep Down Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Deep Down's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Deep Down using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Deep Down based on its fundamental data. In general, a quantitative approach, as applied to this otc stock, 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 Deep Down
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 Deep Down 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 Deep Down will appreciate offsetting losses from the drop in the long position's value.Moving against Deep OTC Stock
| 0.91 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.88 | CAT | Caterpillar Earnings Call Tomorrow | PairCorr |
| 0.85 | TSM | Taiwan Semiconductor Financial Report 18th of July 2024 | PairCorr |
| 0.85 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.85 | GE | GE Aerospace Buyout Trend | PairCorr |
The ability to find closely correlated positions to Deep Down could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Deep Down 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 Deep Down - 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 Deep Down to buy it.
The correlation of Deep Down 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 Deep Down moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Deep Down 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 Deep Down 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Deep Down information on this page should be used as a complementary analysis to other Deep Down'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Other Consideration for investing in Deep OTC Stock
If you are still planning to invest in Deep Down check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Deep Down's history and understand the potential risks before investing.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |