Driven Brands Holdings Etf Total Asset
| DRVN Etf | USD 11.23 0.27 2.35% |
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 Total Asset Analysis
Driven Brands' Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Current Driven Brands Total Asset | 5.91 B |
Most of Driven Brands' fundamental indicators, such as Total Asset, 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.
Driven Total Asset Historical Pattern
Today, most investors in Driven Brands Etf are looking for potential investment opportunities by analyzing not only static indicators but also various Driven Brands' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Driven Brands total asset as a starting point in their analysis.
Driven Brands Total Asset |
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Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
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Based on the latest financial disclosure, Driven Brands Holdings has a Total Asset of 5.91 B. This is much higher than that of the Broadline Retail family and significantly higher than that of the Consumer Discretionary category. The total asset for all United States etfs is notably lower than that of the firm.
Driven Total Asset 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 Total Asset 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 total asset as compared to similar ETFs.
Driven Brands Institutional Holders
Institutional Holdings refers to the ownership stake in Driven Brands that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Driven Brands' 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 Driven Brands' value.| Shares | Norges Bank | 2023-12-31 | 1.3 M | Geode Capital Management, Llc | 2023-12-31 | 1 M | State Street Corporation | 2023-12-31 | 1 M | Aqr Capital Management Llc | 2023-12-31 | 983.4 K | First Trust Advisors L.p. | 2023-12-31 | 820.6 K | Algert Global Llc | 2023-12-31 | 744.8 K | Qube Research & Technologies | 2023-12-31 | 667.2 K | Goldman Sachs Group Inc | 2023-12-31 | 656.9 K | Man Group Plc | 2023-12-31 | 642 K | Millennium Management Llc | 2023-12-31 | 6.9 M | Vanguard Group Inc | 2023-12-31 | 5.4 M |
Driven Fundamentals
| Return On Equity | -0.59 | ||||
| Return On Asset | 0.0309 | ||||
| Profit Margin | (0.33) % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 5.98 B | ||||
| Shares Outstanding | 164.08 M | ||||
| Shares Owned By Insiders | 2.27 % | ||||
| Shares Owned By Institutions | 97.93 % | ||||
| Number Of Shares Shorted | 4.9 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 | 5.52 X | ||||
| Cash Flow From Operations | 235.17 M | ||||
| Short Ratio | 5.20 X | ||||
| Earnings Per Share | (4.67) X | ||||
| Price To Earnings To Growth | 1.37 X | ||||
| Target Price | 16.7 | ||||
| Number Of Employees | 10.6 K | ||||
| Beta | 1.18 | ||||
| Market Capitalization | 1.89 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 against Driven Etf
| 0.72 | BQ | Boqii Holding Limited | PairCorr |
| 0.43 | VSCO | Victorias Secret Financial Report 29th of May 2024 | PairCorr |
| 0.42 | JL | J Long 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.