Digital Short Long Term Debt Total vs Cash And Short Term Investments Analysis
APPS Stock | USD 1.89 0.05 2.58% |
Digital Turbine financial indicator trend analysis is much more than just examining Digital Turbine latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digital Turbine is a good investment. Please check the relationship between Digital Turbine Short Long Term Debt Total and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.
Short Long Term Debt Total vs Cash And Short Term Investments
Short Long Term Debt Total vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digital Turbine Short Long Term Debt Total account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Digital Turbine's Short Long Term Debt Total and Cash And Short Term Investments is 0.79. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Digital Turbine, assuming nothing else is changed. The correlation between historical values of Digital Turbine's Short Long Term Debt Total and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of Digital Turbine are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Short Long Term Debt Total i.e., Digital Turbine's Short Long Term Debt Total and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Short Long Term Debt Total
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Digital Turbine balance sheet. This account contains Digital Turbine investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Digital Turbine fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Digital Turbine's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digital Turbine current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.At this time, Digital Turbine's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 16.1 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop (31.04) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Research Development | 52.7M | 56.5M | 54.2M | 56.9M | Total Revenue | 747.6M | 665.9M | 544.5M | 571.7M |
Digital Turbine fundamental ratios Correlations
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Digital Turbine Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Digital Turbine fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 184.0M | 260.4M | 1.5B | 1.3B | 865.5M | 908.8M | |
Other Current Liab | 2.6M | 5.6M | 204.9M | 101.6M | 76.8M | 80.7M | |
Total Current Liabilities | 82.8M | 111.1M | 385.3M | 220.9M | 236.0M | 247.8M | |
Total Stockholder Equity | 77.5M | 145.1M | 514.6M | 605.2M | 213.9M | 224.6M | |
Other Liab | 1K | 4.1M | 20.0M | 22.0M | 25.3M | 26.6M | |
Accounts Payable | 31.6M | 35.0M | 167.9M | 119.3M | 159.2M | 167.2M | |
Cash | 21.5M | 30.8M | 126.8M | 75.1M | 33.6M | 18.4M | |
Other Assets | 596K | 40K | 13.0M | 732K | 841.8K | 799.7K | |
Long Term Debt | 8.0M | 18.5M | 520.8M | 410.5M | 383.5M | 402.7M | |
Good Will | 69.3M | 80.2M | 559.8M | 561.6M | 220.1M | 116.1M | |
Other Current Assets | 3.7M | 4.3M | 20.6M | 12.3M | 17.7M | 18.6M | |
Total Liab | 106.6M | 115.3M | 942.3M | 659.3M | 651.6M | 684.2M | |
Property Plant Equipment | 8.2M | 13.1M | 46.5M | 39.3M | 45.2M | 47.5M | |
Property Plant And Equipment Net | 12.4M | 16.5M | 46.5M | 49.4M | 54.9M | 57.7M | |
Net Debt | (1.8M) | (16.2M) | 406.5M | 335.5M | 356.1M | 373.9M | |
Retained Earnings | (282.2M) | (227.3M) | (191.8M) | (175.1M) | (595.3M) | (565.6M) | |
Non Current Assets Total | 125.6M | 163.0M | 1.0B | 1.0B | 623.2M | 654.4M | |
Non Currrent Assets Other | (125.6M) | (150.0M) | 732K | 9.9M | 17.1M | 17.9M | |
Cash And Short Term Investments | 21.5M | 30.8M | 126.8M | 75.1M | 33.6M | 20.4M | |
Net Receivables | 33.1M | 62.0M | 263.1M | 178.2M | 191.0M | 200.6M | |
Common Stock Shares Outstanding | 89.6M | 96.2M | 102.6M | 101.8M | 101.0M | 106.0M | |
Liabilities And Stockholders Equity | 184.0M | 260.4M | 1.5B | 1.3B | 865.5M | 908.8M | |
Other Stockholder Equity | 360.2M | 373.2M | 745.6M | 822.1M | 858.1M | 901.0M | |
Property Plant And Equipment Gross | 12.4M | 16.5M | 46.5M | 49.4M | 110.2M | 115.7M | |
Total Current Assets | 58.4M | 97.4M | 410.9M | 266.1M | 242.3M | 254.5M | |
Accumulated Other Comprehensive Income | (591K) | (903K) | (39.3M) | (41.9M) | (49.0M) | (46.5M) | |
Non Current Liabilities Total | 23.7M | 4.1M | 557.0M | 438.4M | 415.6M | 436.4M | |
Inventory | 125K | 340K | 394K | 500K | 575K | 546.3K | |
Net Tangible Assets | (35.8M) | 11.5M | (485.9M) | (336.1M) | (302.5M) | (287.4M) | |
Retained Earnings Total Equity | (282.2M) | (227.3M) | (191.8M) | (175.1M) | (157.6M) | (165.5M) | |
Capital Surpluse | 360.2M | 373.3M | 745.7M | 822.2M | 945.5M | 992.8M |
Pair Trading with Digital Turbine
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 Digital Turbine 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 Digital Turbine will appreciate offsetting losses from the drop in the long position's value.Moving together with Digital Stock
0.9 | AI | C3 Ai Inc Tech Boost | PairCorr |
Moving against Digital Stock
0.55 | ML | MoneyLion Tech Boost | PairCorr |
The ability to find closely correlated positions to Digital Turbine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digital Turbine 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 Digital Turbine - 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 Digital Turbine to buy it.
The correlation of Digital Turbine 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 Digital Turbine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digital Turbine 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 Digital Turbine 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Digital Turbine. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. For more information on how to buy Digital Stock please use our How to Invest in Digital Turbine guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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Is Digital Turbine's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Digital Turbine. If investors know Digital will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Digital Turbine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.43) | Earnings Share (4.16) | Revenue Per Share 5.392 | Quarterly Revenue Growth (0.20) | Return On Assets (0.01) |
The market value of Digital Turbine is measured differently than its book value, which is the value of Digital that is recorded on the company's balance sheet. Investors also form their own opinion of Digital Turbine's value that differs from its market value or its book value, called intrinsic value, which is Digital Turbine's 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 Digital Turbine's market value can be influenced by many factors that don't directly affect Digital Turbine's 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 Digital Turbine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digital Turbine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digital Turbine'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.