Daimler Truck Price to Book vs. Cash and Equivalents
| DTGHF Stock | USD 45.42 0.40 0.87% |
For Daimler Truck profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Daimler Truck to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Daimler Truck Holding utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Daimler Truck's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Daimler Truck Holding over time as well as its relative position and ranking within its peers.
Daimler |
Daimler Truck Holding Cash and Equivalents vs. Price to Book Fundamental Analysis
Daimler Cash and Equivalents vs. Price to Book
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Use Daimler Truck in pair-trading
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 Daimler Truck 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 Daimler Truck will appreciate offsetting losses from the drop in the long position's value.Daimler Truck Pair Trading
Daimler Truck Holding Pair Trading Analysis
The ability to find closely correlated positions to Daimler Truck could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daimler Truck 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 Daimler Truck - 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 Daimler Truck Holding to buy it.
The correlation of Daimler Truck 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 Daimler Truck moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daimler Truck Holding 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 Daimler Truck 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.Use Investing Themes to Complement your Daimler Truck position
In addition to having Daimler Truck in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Online Gaming
Companies that are involved in the building and marketing of online gaming-related products. The Online Gaming theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Online Gaming Theme or any other thematic opportunities.
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Check out Investing Opportunities. Note that the Daimler Truck Holding information on this page should be used as a complementary analysis to other Daimler Truck'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Daimler Pink Sheet analysis
When running Daimler Truck's price analysis, check to measure Daimler Truck's 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 Daimler Truck is operating at the current time. Most of Daimler Truck's value examination focuses on studying past and present price action to predict the probability of Daimler Truck's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daimler Truck's price. Additionally, you may evaluate how the addition of Daimler Truck to your portfolios can decrease your overall portfolio volatility.
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To fully project Daimler Truck's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Daimler Truck Holding at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Daimler Truck's income statement, its balance sheet, and the statement of cash flows.