Datadog Total Assets vs Good Will Analysis
DDOG Stock | USD 125.25 1.82 1.43% |
Datadog financial indicator trend analysis is much more than just examining Datadog latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Datadog is a good investment. Please check the relationship between Datadog Total Assets and its Good Will accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Datadog. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Datadog Stock please use our How to Invest in Datadog guide.
Total Assets vs Good Will
Total Assets vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Datadog Total Assets account and Good Will. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Datadog's Total Assets and Good Will is 0.88. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of Datadog, assuming nothing else is changed. The correlation between historical values of Datadog's Total Assets and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Datadog are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Total Assets i.e., Datadog's Total Assets and Good Will go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Assets
Total assets refers to the total amount of Datadog assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Datadog books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Datadog's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Datadog 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 Datadog. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Datadog Stock please use our How to Invest in Datadog guide.At this time, Datadog's Sales General And Administrative To Revenue is most likely to slightly decrease in the upcoming years. The Datadog's current Enterprise Value Over EBITDA is estimated to increase to 3,809, while Enterprise Value is projected to decrease to roughly 44.5 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 794.5M | 1.3B | 1.7B | 1.8B | Total Revenue | 1.0B | 1.7B | 2.1B | 2.2B |
Datadog fundamental ratios Correlations
Click cells to compare fundamentals
Datadog Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Datadog fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 1.9B | 2.4B | 3.0B | 3.9B | 2.0B | |
Other Current Liab | 38.7M | 55.4M | 111.3M | 171.2M | 127.6M | 84.2M | |
Total Current Liabilities | 200.2M | 297.8M | 528.7M | 759.7M | 1.0B | 1.1B | |
Total Stockholder Equity | 782.3M | 957.4M | 1.0B | 1.4B | 2.0B | 2.1B | |
Other Liab | 7.0M | 7.7M | 23.3M | 19.2M | 22.0M | 11.8M | |
Net Tangible Assets | 771.8M | 937.8M | 733.3M | 1.0B | 1.2B | 608.8M | |
Property Plant And Equipment Net | 85.8M | 105.0M | 136.5M | 213.0M | 298.4M | 313.4M | |
Current Deferred Revenue | 134.1M | 204.8M | 372.0M | 543.0M | 765.7M | 804.0M | |
Net Debt | (536.9M) | 418.7M | 536.8M | 498.5M | 572.0M | 600.6M | |
Retained Earnings | (123.6M) | (148.2M) | (152.1M) | (202.3M) | (153.7M) | (161.4M) | |
Accounts Payable | 15.4M | 21.3M | 25.3M | 23.5M | 87.7M | 92.1M | |
Cash | 597.3M | 224.9M | 271.0M | 339.0M | 330.3M | 294.8M | |
Non Current Assets Total | 134.1M | 172.2M | 509.8M | 660.6M | 802.9M | 843.0M | |
Non Currrent Assets Other | 37.9M | 47.5M | 65.5M | 83.0M | 142.1M | 149.2M | |
Other Assets | 37.9M | 47.5M | 65.5M | 83.0M | 95.5M | 49.4M | |
Cash And Short Term Investments | 774.0M | 1.5B | 1.6B | 1.9B | 2.6B | 1.3B | |
Net Receivables | 102.4M | 163.4M | 268.8M | 399.6M | 524.4M | 550.6M | |
Good Will | 9.1M | 17.6M | 292.2M | 348.3M | 352.7M | 370.3M | |
Common Stock Shares Outstanding | 279.7M | 300.4M | 309.0M | 315.4M | 350.3M | 315.3M | |
Short Term Investments | 176.7M | 1.3B | 1.3B | 1.5B | 2.3B | 2.4B | |
Liabilities And Stockholders Equity | 1.0B | 1.9B | 2.4B | 3.0B | 3.9B | 2.0B | |
Non Current Liabilities Total | 55.5M | 635.0M | 810.9M | 834.6M | 907.7M | 555.1M | |
Capital Surpluse | 905.8M | 1.1B | 1.2B | 1.6B | 1.9B | 2.0B | |
Capital Lease Obligations | 60.4M | 67.8M | 72.3M | 98.7M | 160.1M | 168.1M | |
Other Current Assets | 27.6M | 37.3M | 47.7M | 27.3M | 25.9M | 29.1M | |
Other Stockholder Equity | (132.2M) | 1.1B | 1.2B | 1.6B | 2.2B | 2.3B | |
Total Liab | 255.7M | 932.9M | 1.3B | 1.6B | 1.9B | 1.0B | |
Deferred Long Term Liab | 17.4M | 26.8M | 42.1M | 55.3M | 63.6M | 66.8M | |
Net Invested Capital | 782.3M | 1.5B | 1.8B | 2.1B | 2.8B | 1.4B | |
Property Plant And Equipment Gross | 85.8M | 105.0M | 136.5M | 213.0M | 427.3M | 448.7M | |
Total Current Assets | 903.9M | 1.7B | 1.9B | 2.3B | 3.1B | 1.6B | |
Accumulated Other Comprehensive Income | 133K | 2.3M | (3.8M) | (12.4M) | (2.2M) | (2.3M) | |
Non Current Liabilities Other | 2.6M | 59.1M | 9.4M | 6.2M | 6.1M | 5.8M | |
Net Working Capital | 703.7M | 1.4B | 1.3B | 1.6B | 2.2B | 1.1B | |
Short Term Debt | 11.9M | 16.3M | 20.2M | 22.1M | 22.0M | 16.9M |
Pair Trading with Datadog
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 Datadog 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 Datadog will appreciate offsetting losses from the drop in the long position's value.Moving together with Datadog Stock
0.63 | U | Unity Software Aggressive Push | PairCorr |
Moving against Datadog Stock
0.62 | DJCO | Daily Journal Corp | PairCorr |
0.56 | DSGX | Descartes Systems Financial Report 29th of May 2024 | PairCorr |
0.55 | DOCU | DocuSign Sell-off Trend | PairCorr |
0.54 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
0.5 | DUOL | Duolingo Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Datadog could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Datadog 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 Datadog - 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 Datadog to buy it.
The correlation of Datadog 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 Datadog moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Datadog 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 Datadog 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 Datadog. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Datadog Stock please use our How to Invest in Datadog guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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Is Datadog'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 Datadog. If investors know Datadog 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 Datadog listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.14 | Revenue Per Share 6.568 | Quarterly Revenue Growth 0.256 | Return On Assets (0.01) | Return On Equity 0.0283 |
The market value of Datadog is measured differently than its book value, which is the value of Datadog that is recorded on the company's balance sheet. Investors also form their own opinion of Datadog's value that differs from its market value or its book value, called intrinsic value, which is Datadog'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 Datadog's market value can be influenced by many factors that don't directly affect Datadog'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 Datadog's value and its price as these two are different measures arrived at by different means. Investors typically determine if Datadog is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Datadog'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.