Ducommun Common Stock vs Other Assets Analysis
DCO Stock | USD 53.94 0.11 0.20% |
Ducommun Incorporated financial indicator trend analysis is much more than just examining Ducommun Incorporated latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ducommun Incorporated is a good investment. Please check the relationship between Ducommun Incorporated Common Stock and its Other Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ducommun Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Ducommun Stock, please use our How to Invest in Ducommun Incorporated guide.
Common Stock vs Other Assets
Common Stock vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ducommun Incorporated Common Stock account and Other Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ducommun Incorporated's Common Stock and Other Assets is 0.55. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Other Assets in the same time period over historical financial statements of Ducommun Incorporated, assuming nothing else is changed. The correlation between historical values of Ducommun Incorporated's Common Stock and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Ducommun Incorporated are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Common Stock i.e., Ducommun Incorporated's Common Stock and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock
Other Assets
Most indicators from Ducommun Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ducommun Incorporated 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ducommun Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Ducommun Stock, please use our How to Invest in Ducommun Incorporated guide.At this time, Ducommun Incorporated's Selling General Administrative is very stable compared to the past year. As of the 26th of April 2024, Tax Provision is likely to grow to about 2.4 M, while Enterprise Value is likely to drop about 111.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 142.5M | 144.3M | 163.2M | 84.0M | Total Revenue | 645.4M | 712.5M | 757.0M | 395.2M |
Ducommun Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
Ducommun Incorporated Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ducommun Incorporated fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 790.4M | 837.3M | 978.7M | 1.0B | 1.1B | 1.2B | |
Short Long Term Debt Total | 328.4M | 336.6M | 320.6M | 282.8M | 295.6M | 310.4M | |
Other Current Liab | 37.6M | 40.5M | 41.3M | 48.8M | 42.3M | 30.2M | |
Total Current Liabilities | 144.7M | 142.9M | 162.6M | 199.4M | 183.7M | 192.9M | |
Total Stockholder Equity | 292.8M | 329.3M | 474.6M | 526.0M | 636.1M | 667.9M | |
Property Plant And Equipment Net | 134.3M | 126.3M | 135.7M | 140.9M | 140.9M | 73.3M | |
Net Debt | 288.8M | 280.1M | 244.3M | 236.6M | 252.7M | 265.4M | |
Retained Earnings | 212.6M | 241.7M | 377.3M | 406.1M | 422.0M | 443.1M | |
Cash | 39.6M | 56.5M | 76.3M | 46.2M | 42.9M | 45.0M | |
Non Current Assets Total | 449.7M | 427.1M | 486.2M | 494.2M | 571.4M | 599.9M | |
Non Currrent Assets Other | 6.0M | 5.1M | 5.0M | 8.8M | 18.9M | 19.8M | |
Cash And Short Term Investments | 39.6M | 56.5M | 76.3M | 46.2M | 42.9M | 45.0M | |
Net Receivables | 173.8M | 212.1M | 248.7M | 295.2M | 282.4M | 296.5M | |
Common Stock Shares Outstanding | 11.8M | 11.9M | 12.3M | 12.4M | 14.0M | 10.5M | |
Liabilities And Stockholders Equity | 790.4M | 837.3M | 978.7M | 1.0B | 1.1B | 1.2B | |
Non Current Liabilities Total | 352.9M | 365.1M | 341.6M | 296.1M | 301.1M | 154.6M | |
Inventory | 112.5M | 129.2M | 150.9M | 171.2M | 207.0M | 217.3M | |
Other Current Assets | 5.5M | 5.6M | 8.6M | 8.9M | 17.3M | 9.7M | |
Other Stockholder Equity | 88.4M | 97.1M | 104.3M | 112.0M | 206.2M | 216.5M | |
Total Liab | 497.6M | 508.0M | 504.1M | 495.5M | 484.8M | 509.1M | |
Property Plant And Equipment Gross | 134.3M | 126.3M | 303.8M | 140.9M | 322.3M | 338.4M | |
Total Current Assets | 340.8M | 410.3M | 492.6M | 527.3M | 549.6M | 577.0M | |
Accumulated Other Comprehensive Income | (8.3M) | (9.6M) | (7.0M) | 7.7M | 7.8M | 8.2M | |
Short Term Debt | 10.0M | 10.1M | 13.1M | 13.4M | 15.7M | 16.5M | |
Intangible Assets | 138.4M | 124.7M | 141.8M | 127.2M | 166.3M | 83.2M | |
Accounts Payable | 82.6M | 64.0M | 66.1M | 90.1M | 72.3M | 36.4M | |
Common Stock Total Equity | 116K | 117K | 119K | 121K | 139.2K | 118.1K | |
Common Stock | 116K | 117K | 119K | 121K | 146K | 119.8K | |
Other Liab | 32.5M | 34.1M | 38.6M | 25.6M | 29.4M | 21.8M | |
Other Assets | 6.1M | 21.5M | 5.0M | 22.7M | 26.1M | 27.4M | |
Long Term Debt | 300.9M | 311.9M | 279.4M | 240.6M | 257.0M | 190.8M | |
Good Will | 170.9M | 170.8M | 203.7M | 203.4M | 244.6M | 133.4M | |
Property Plant Equipment | 115.2M | 110.0M | 102.4M | 106.2M | 122.2M | 89.7M | |
Net Tangible Assets | (16.5M) | 33.8M | 129.1M | 195.4M | 224.7M | 235.9M | |
Current Deferred Revenue | 14.5M | 28.3M | 42.1M | 47.1M | 53.5M | 56.2M | |
Retained Earnings Total Equity | 212.6M | 241.7M | 377.3M | 406.1M | 467.0M | 490.3M | |
Long Term Debt Total | 300.9M | 311.9M | 279.4M | 240.6M | 216.5M | 213.4M | |
Capital Surpluse | 88.4M | 97.1M | 104.3M | 112.0M | 128.8M | 94.0M | |
Deferred Long Term Liab | 16.8M | 17.0M | 18.7M | 14.0M | 12.6M | 20.0M | |
Non Current Liabilities Other | 35.3M | 36.2M | 43.5M | 41.6M | 16.4M | 29.5M |
Pair Trading with Ducommun Incorporated
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 Ducommun Incorporated 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 Ducommun Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving against Ducommun Stock
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The ability to find closely correlated positions to Ducommun Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ducommun Incorporated 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 Ducommun Incorporated - 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 Ducommun Incorporated to buy it.
The correlation of Ducommun Incorporated 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 Ducommun Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ducommun Incorporated 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 Ducommun Incorporated 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 Ducommun Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Ducommun Stock, please use our How to Invest in Ducommun Incorporated guide.Note that the Ducommun Incorporated information on this page should be used as a complementary analysis to other Ducommun Incorporated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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Is Ducommun Incorporated'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 Ducommun Incorporated. If investors know Ducommun 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 Ducommun Incorporated 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 (0.47) | Earnings Share 1.14 | Revenue Per Share 55.186 | Quarterly Revenue Growth 0.021 | Return On Assets 0.0263 |
The market value of Ducommun Incorporated is measured differently than its book value, which is the value of Ducommun that is recorded on the company's balance sheet. Investors also form their own opinion of Ducommun Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Ducommun Incorporated'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 Ducommun Incorporated's market value can be influenced by many factors that don't directly affect Ducommun Incorporated'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 Ducommun Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ducommun Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ducommun Incorporated'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.