Will DISH Network (NASDAQ:DISH) and Dolby Laboratories (NYSE:DLB) deliver in November?

It looks like DISH Network will be up for a correction way faster as its share price whent up 1.08% today to Dolby Laboratories's 1.0141%. As many rational traders are trying to avoid communication services space, it makes sense to go over Dolby Laboratories a little further and understand how it stands against DISH Network and other similar entities. We are going to analyze some of the competitive aspects of both Dolby and DISH Network.
Published over a year ago
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Reviewed by Michael Smolkin

By analyzing existing basic indicators between Dolby Laboratories and DISH Network, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in DISH Network with a short position in Dolby Laboratories. Check out our pair correlation module for more information.

Let's begin by analyzing the assets. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Dolby Laboratories has an asset utilization ratio of 51.51 percent. This suggests that the company is making $0.52 for each dollar of assets. An increasing asset utilization means that Dolby Laboratories is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two entities, such as Dolby or Sunlands is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.

understanding Dolby Laboratories dividends

A dividend is the distribution of a portion of Dolby Laboratories earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Dolby Laboratories dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Dolby one year expected dividend income is about USD0.73 per share.
At present, Dolby Laboratories' Dividend Yield is projected to increase slightly based on the last few years of reporting. The current year's Dividend Payout Ratio is expected to grow to 0.55, whereas Dividends Paid is forecasted to decline to about 82.9 M.
Last ReportedProjected for 2024
Dividends Paid89.2 M82.9 M
Dividend Yield 0.02  0.02 
Dividend Payout Ratio 0.54  0.55 
Dividend Paid And Capex Coverage Ratio 7.84  8.24 
Investing in dividend-paying stocks, such as Dolby Laboratories is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Dolby Laboratories must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Dolby Laboratories. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

How important is Dolby Laboratories's Liquidity

Dolby Laboratories financial leverage refers to using borrowed capital as a funding source to finance Dolby Laboratories ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Dolby Laboratories financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Dolby Laboratories' owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Dolby Laboratories' financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Dolby Laboratories's total debt and its cash.

Correlation Between Dolby and Sunlands Technology

In general, Stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Dolby Laboratories together with similar or unrelated positions with a negative correlation. For example, you can also add Sunlands Technology to your portfolio. If Sunlands Technology is not perfectly correlated to Dolby Laboratories it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Dolby Laboratories, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Are you currently holding both Dolby Laboratories and Sunlands Technology in your portfolio? Please note if you are using this as a pair-trade strategy between Dolby Laboratories and Sunlands Technology, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses. Please check pair correlation details between DLB and STG for more information.

An Additional Perspective On Dolby Laboratories

Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.

Revenue Breakdown

Lets now take a look at Dolby Laboratories revenue. Based on the latest financial disclosure, Dolby Laboratories reported 1.19 B of revenue. This is 91.91% lower than that of the Communication Services sector and significantly higher than that of the Entertainment industry. The revenue for all United States stocks is 87.39% higher than that of the firm. As for DISH Network we see revenue of 12.81 B, which is much higher than that of the Entertainment
DISH
12.8 B
DLB1.19 Billion8.5
Sector0.00.0
DISH12.81 Billion91.5

Momentum Analysis of Dolby Laboratories suggests possible reversal in November

Maximum drawdown is down to 9.07. It may suggest a possible volatility slip. As of the 24th of October, Dolby Laboratories shows the Coefficient Of Variation of 1949.57, downside deviation of 1.8, and Mean Deviation of 1.2. Dolby Laboratories technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Dolby Laboratories, which can be compared to its rivals. Please confirm Dolby Laboratories treynor ratio, and the relationship between the variance and potential upside to decide if Dolby Laboratories is priced favorably, providing market reflects its regular price of 71.72 per share. Given that Dolby Laboratories has jensen alpha of 0.0595, we urge you to verify Dolby Laboratories's prevailing market performance to make sure the company can sustain itself at a future point.

Our Final Take On Dolby Laboratories

Whereas many other companies within the entertainment industry are still a little expensive, even after the recent corrections, Dolby Laboratories may offer a potential longer-term growth to investors. Taking everything into account, as of the 24th of October 2020, our up-to-date 30 days 'Buy-vs-Sell' recommendation on the company is Hold. We believe Dolby Laboratories is fairly valued with very small chance of bankruptcy for the next two years.

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