Duos Common Stock Total Equity vs Cash And Short Term Investments Analysis
DUOT Stock | USD 2.71 0.04 1.45% |
Duos Technologies financial indicator trend analysis is much more than just examining Duos Technologies latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Duos Technologies is a good investment. Please check the relationship between Duos Technologies Common Stock Total Equity and its Cash And Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Duos Technologies Group. 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.
Common Stock Total Equity vs Cash And Short Term Investments
Common Stock Total Equity 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 Duos Technologies Common Stock Total Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Duos Technologies' Common Stock Total Equity and Cash And Short Term Investments is -0.44. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Duos Technologies Group, assuming nothing else is changed. The correlation between historical values of Duos Technologies' Common Stock Total Equity 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 Common Stock Total Equity of Duos Technologies Group 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 Common Stock Total Equity i.e., Duos Technologies' Common Stock Total Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Duos Technologies balance sheet. This account contains Duos Technologies investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Duos Technologies Group 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 Duos Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Duos Technologies 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 Duos Technologies Group. 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. At this time, Duos Technologies' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 1.28 in 2024, whereas Enterprise Value Multiple is likely to drop (2.33) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 4.9M | 11.6M | 12.8M | 13.4M | Cost Of Revenue | 10.8M | 10.3M | 6.2M | 3.6M |
Duos Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Duos Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Duos Technologies fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.5M | 6.4M | 9.5M | 13.1M | 12.8M | 13.5M | |
Short Long Term Debt Total | 1.6M | 1.8M | 5.2M | 5.3M | 5.0M | 5.3M | |
Other Current Liab | 521.2K | 1.0M | 618.1K | 453.0K | 164.1K | 155.9K | |
Total Current Liabilities | 5.4M | 3.6M | 3.9M | 4.5M | 3.2M | 2.7M | |
Total Stockholder Equity | (127.3K) | 1.9M | 781.5K | 4.1M | 5.4M | 5.6M | |
Property Plant And Equipment Net | 690.3K | 538.3K | 5.5M | 5.3M | 5.1M | 5.4M | |
Current Deferred Revenue | 945.1K | 1.0M | 1.8M | 958.0K | 1.7M | 1.7M | |
Net Debt | 1.5M | (2.1M) | 4.3M | 4.2M | 2.6M | 2.7M | |
Retained Earnings | (32.7M) | (39.5M) | (45.5M) | (52.4M) | (63.6M) | (60.4M) | |
Accounts Payable | 2.6M | 607.0K | 1.0M | 2.3M | 595.6K | 800.1K | |
Cash | 56.2K | 4.0M | 893.7K | 1.1M | 2.4M | 2.6M | |
Non Current Assets Total | 771.9K | 602.7K | 6.2M | 6.3M | 6.6M | 6.9M | |
Cash And Short Term Investments | 56.2K | 4.0M | 893.7K | 1.1M | 2.4M | 2.6M | |
Net Receivables | 4.0M | 1.3M | 1.7M | 3.8M | 2.1M | 1.2M | |
Common Stock Total Equity | 20.7K | 21.1K | 2.0K | 3.5K | 3.2K | 3.0K | |
Common Stock Shares Outstanding | 1.8M | 3.3M | 3.7M | 6.2M | 7.2M | 7.6M | |
Liabilities And Stockholders Equity | 5.5M | 6.4M | 9.5M | 13.1M | 12.8M | 13.5M | |
Other Current Assets | 716.6K | 486.6K | 354.6K | 441.3K | 184.5K | 287.7K | |
Other Stockholder Equity | 30.9M | 39.7M | 42.9M | 56.4M | 69.0M | 72.4M | |
Total Liab | 5.7M | 4.5M | 8.7M | 9.0M | 7.5M | 7.8M | |
Property Plant And Equipment Gross | 690.3K | 538.3K | 5.5M | 5.3M | 6.5M | 6.8M | |
Total Current Assets | 4.8M | 5.8M | 3.3M | 6.8M | 6.3M | 6.6M | |
Short Term Debt | 1.3M | 962.8K | 448.1K | 794.3K | 821.1K | 531.5K | |
Common Stock | 2.0K | 3.5K | 4.1K | 7.2K | 7.3K | 6.9K | |
Non Currrent Assets Other | 298.1K | (771.9K) | (602.7K) | 600K | 550K | 577.5K | |
Non Current Liabilities Total | 291.8K | 886.0K | 4.8M | 4.5M | 4.2M | 4.4M | |
Intangible Assets | 81.6K | 64.4K | 66.5K | 334.9K | 782.0K | 821.1K | |
Net Tangible Assets | (3.1M) | (1.9M) | 114.4K | (2.6M) | (3.0M) | (3.2M) | |
Capital Surpluse | 26.6M | 27.4M | 31.1M | 41.5M | 47.8M | 27.6M | |
Short Long Term Debt | 975.3K | 670.4K | 132.8K | 97.4K | 42.0K | 39.9K | |
Property Plant Equipment | 204.2K | 690.3K | 538.3K | 5.5M | 6.4M | 6.7M | |
Net Invested Capital | (857.0K) | 1.6M | (2.4M) | 4.1M | 5.4M | 5.7M | |
Net Working Capital | (607.4K) | 2.2M | (651.4K) | 2.3M | 3.0M | 3.2M | |
Capital Stock | 1.7M | 1.7M | 3.4M | 7.2K | 7.3K | 7.0K |
Pair Trading with Duos Technologies
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 Duos Technologies 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 Duos Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Duos Stock
0.66 | AI | C3 Ai Inc Financial Report 29th of May 2024 | PairCorr |
Moving against Duos Stock
0.51 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
0.41 | ML | MoneyLion | PairCorr |
The ability to find closely correlated positions to Duos Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duos Technologies 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 Duos Technologies - 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 Duos Technologies Group to buy it.
The correlation of Duos Technologies 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 Duos Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Duos Technologies 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 Duos Technologies 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 Duos Technologies Group. 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. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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When running Duos Technologies' price analysis, check to measure Duos Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Duos Technologies is operating at the current time. Most of Duos Technologies' value examination focuses on studying past and present price action to predict the probability of Duos Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Duos Technologies' price. Additionally, you may evaluate how the addition of Duos Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Duos Technologies' 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 Duos Technologies. If investors know Duos 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 Duos Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.56) | Revenue Per Share 1.037 | Quarterly Revenue Growth (0.74) | Return On Assets (0.55) | Return On Equity (2.39) |
The market value of Duos Technologies is measured differently than its book value, which is the value of Duos that is recorded on the company's balance sheet. Investors also form their own opinion of Duos Technologies' value that differs from its market value or its book value, called intrinsic value, which is Duos Technologies' 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 Duos Technologies' market value can be influenced by many factors that don't directly affect Duos Technologies' 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 Duos Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Duos Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Duos Technologies' 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.