Destiny Media Technologies Stock Beta
| DSNY Stock | USD 1.04 0.06 5.45% |
Destiny Media Technologies fundamentals help investors to digest information that contributes to Destiny Media's financial success or failures. It also enables traders to predict the movement of Destiny OTC Stock. The fundamental analysis module provides a way to measure Destiny Media'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 Destiny Media otc stock.
Destiny |
Destiny Media Technologies OTC Stock Beta Analysis
Destiny Media's 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 Destiny Media Beta | 1.23 |
Most of Destiny Media's 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, Destiny Media Technologies is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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, Destiny Media Technologies has a Beta of 1.2326. This is 16.28% higher than that of the Interactive Media & Services sector and significantly higher than that of the Communication Services industry. The beta for all United States stocks is notably lower than that of the firm.
Destiny Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Destiny Media's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of Destiny Media could also be used in its relative valuation, which is a method of valuing Destiny Media by comparing valuation metrics of similar companies.Destiny Media is currently under evaluation in beta category among related companies.
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Destiny Media will likely underperform.
Destiny Fundamentals
| Return On Equity | 0.0739 | |||
| Return On Asset | 0.0367 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.06 % | |||
| Current Valuation | 4.7 M | |||
| Shares Outstanding | 10.12 M | |||
| Shares Owned By Insiders | 30.53 % | |||
| Price To Earning | 16.21 X | |||
| Price To Book | 2.28 X | |||
| Price To Sales | 1.69 X | |||
| Revenue | 4.02 M | |||
| Gross Profit | 3.37 M | |||
| EBITDA | 378.52 K | |||
| Net Income | 149.07 K | |||
| Cash And Equivalents | 1.95 M | |||
| Cash Per Share | 0.19 X | |||
| Total Debt | 226.98 K | |||
| Debt To Equity | 0.07 % | |||
| Current Ratio | 6.49 X | |||
| Book Value Per Share | 0.33 X | |||
| Cash Flow From Operations | 307.2 K | |||
| Earnings Per Share | 0.02 X | |||
| Target Price | 0.24 | |||
| Number Of Employees | 33 | |||
| Beta | 1.23 | |||
| Market Capitalization | 5.87 M | |||
| Total Asset | 3.57 M | |||
| Retained Earnings | (2.29 M) | |||
| Working Capital | 1.13 M | |||
| Current Asset | 1.48 M | |||
| Current Liabilities | 356 K | |||
| Z Score | 16.0 | |||
| Net Asset | 3.57 M |
About Destiny Media Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Destiny Media Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Destiny Media using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Destiny Media Technologies 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 Destiny Media
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 Destiny Media 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 Destiny Media will appreciate offsetting losses from the drop in the long position's value.Moving against Destiny OTC Stock
| 0.45 | MCD | McDonalds Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Destiny Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Destiny Media 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 Destiny Media - 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 Destiny Media Technologies to buy it.
The correlation of Destiny Media 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 Destiny Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Destiny Media Techno 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 Destiny Media 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, which includes a position in Destiny Media Technologies. 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 board of governors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Destiny OTC Stock analysis
When running Destiny Media's price analysis, check to measure Destiny Media'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 Destiny Media is operating at the current time. Most of Destiny Media's value examination focuses on studying past and present price action to predict the probability of Destiny Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Destiny Media's price. Additionally, you may evaluate how the addition of Destiny Media to your portfolios can decrease your overall portfolio volatility.
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