Driven Brands Holdings Etf Current Ratio
| DRVN Etf | USD 14.41 0.30 2.13% |
Driven Brands Holdings fundamentals help investors to digest information that contributes to Driven Brands' financial success or failures. It also enables traders to predict the movement of Driven Etf. The fundamental analysis module provides a way to measure Driven Brands' 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 Driven Brands etf.
Driven |
Driven Brands Holdings ETF Current Ratio Analysis
Driven Brands' 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 Driven Brands Current Ratio | 1.11 X |
Most of Driven Brands' 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, Driven Brands Holdings 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).
| Competition |
In accordance with the recently published financial statements, Driven Brands Holdings has a Current Ratio of 1.11 times. This is much higher than that of the Internet & Direct Marketing Retail family and significantly higher than that of the Consumer Discretionary category. The current ratio for all United States etfs is notably lower than that of the firm.
Driven Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Driven Brands' direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Driven Brands could also be used in its relative valuation, which is a method of valuing Driven Brands by comparing valuation metrics of similar companies.Driven Brands is currently under evaluation in current ratio as compared to similar ETFs.
Driven Fundamentals
| Return On Equity | -0.58 | ||||
| Return On Asset | 0.0313 | ||||
| Profit Margin | (0.32) % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 6.54 B | ||||
| Shares Outstanding | 164.1 M | ||||
| Shares Owned By Insiders | 2.27 % | ||||
| Shares Owned By Institutions | 97.95 % | ||||
| Number Of Shares Shorted | 4.34 M | ||||
| Price To Earning | 118.01 X | ||||
| Price To Book | 2.62 X | ||||
| Price To Sales | 1.03 X | ||||
| Revenue | 2.3 B | ||||
| Gross Profit | 879.52 M | ||||
| EBITDA | 493.56 M | ||||
| Net Income | (729.29 M) | ||||
| Cash And Equivalents | 190.37 M | ||||
| Cash Per Share | 1.17 X | ||||
| Total Debt | 4.35 B | ||||
| Debt To Equity | 2.37 % | ||||
| Current Ratio | 1.11 X | ||||
| Book Value Per Share | 5.53 X | ||||
| Cash Flow From Operations | 235.17 M | ||||
| Short Ratio | 4.13 X | ||||
| Earnings Per Share | (4.53) X | ||||
| Price To Earnings To Growth | 1.37 X | ||||
| Target Price | 18.8 | ||||
| Number Of Employees | 10.6 K | ||||
| Beta | 1.18 | ||||
| Market Capitalization | 2.36 B | ||||
| Total Asset | 5.91 B | ||||
| Retained Earnings | (710.09 M) | ||||
| Working Capital | 393.94 M | ||||
| Net Asset | 5.91 B |
About Driven Brands Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Driven Brands Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Driven Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Driven Brands Holdings based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
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 Driven Brands 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, Driven Brands' short interest history, or implied volatility extrapolated from Driven Brands options trading.
Pair Trading with Driven Brands
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 Driven Brands 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 Driven Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Driven Etf
| 0.78 | W | Wayfair Financial Report 2nd of May 2024 | PairCorr |
| 0.84 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.81 | AN | AutoNation Earnings Call This Week | PairCorr |
Moving against Driven Etf
| 0.76 | VSCO | Victorias Secret Financial Report 29th of May 2024 | PairCorr |
| 0.75 | DXLG | Destination XL Group Financial Report 23rd of May 2024 | PairCorr |
| 0.72 | LL | LL Flooring Holdings | PairCorr |
| 0.68 | BQ | Boqii Holding Limited | PairCorr |
| 0.61 | WEYS | Weyco Group | PairCorr |
The ability to find closely correlated positions to Driven Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Driven Brands 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 Driven Brands - 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 Driven Brands Holdings to buy it.
The correlation of Driven Brands 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 Driven Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Driven Brands Holdings 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 Driven Brands 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 Driven Brands Piotroski F Score and Driven Brands Altman Z Score analysis. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of Driven Brands Holdings is measured differently than its book value, which is the value of Driven that is recorded on the company's balance sheet. Investors also form their own opinion of Driven Brands' value that differs from its market value or its book value, called intrinsic value, which is Driven Brands' 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 Driven Brands' market value can be influenced by many factors that don't directly affect Driven Brands' 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 Driven Brands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Driven Brands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Driven Brands' 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.