Dantax Current Asset vs. Price to Book

DANT Stock  DKK 392.00  6.00  1.51%   
Based on the key profitability measurements obtained from Dantax's financial statements, Dantax may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in April. Profitability indicators assess Dantax's ability to earn profits and add value for shareholders.
For Dantax profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Dantax to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Dantax utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Dantax's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Dantax over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Dantax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dantax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dantax's 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.

Dantax Price to Book vs. Current Asset Fundamental Analysis

Dantax Price to Book vs. Current Asset

Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.

Dantax

Current Asset

 = 

Cash

+

Deposits

+

Liquid Assets

 = 
71 M
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.

Dantax

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Use Dantax in pair-trading

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 Dantax 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 Dantax will appreciate offsetting losses from the drop in the long position's value.

Dantax Pair Trading

Dantax Pair Trading Analysis

The ability to find closely correlated positions to Dantax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dantax 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 Dantax - 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 Dantax to buy it.
The correlation of Dantax 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 Dantax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dantax 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 Dantax 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Dantax position

In addition to having Dantax in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Medical Equipment Thematic Idea Now

Medical Equipment
Medical Equipment Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Medical Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Medical Equipment Theme or any other thematic opportunities.
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You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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To fully project Dantax's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Dantax at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Dantax's income statement, its balance sheet, and the statement of cash flows.
Potential Dantax investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Dantax investors may work on each financial statement separately, they are all related. The changes in Dantax's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Dantax's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.