Decibel Competitors

Stocks . Canada . 
Stock . Decibel Cannabis
DB Stock  CAD 0.06  0.01  7.69%   
Decibel Cannabis competes with IShares Canadian, Altagas Cum, European Residential, RBC Discount, and IShares SPTSX; as well as few others. The company conducts business under Pharmaceuticals sector and is part of Health Care industry. Analyzing Decibel Cannabis competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Decibel Cannabis to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Decibel Cannabis Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Decibel Cannabis competition on your existing holdings.
  
Return On Tangible Assets is likely to drop to -0.01 in 2024. Return On Capital Employed is likely to drop to 0.02 in 2024. At this time, Decibel Cannabis' Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 85.9 M in 2024, whereas Net Tangible Assets are likely to drop slightly above 30.5 M in 2024.
Hype
Prediction
LowEstimatedHigh
0.000.066.80
Details
Intrinsic
Valuation
LowRealHigh
0.000.056.79
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Decibel Cannabis Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Decibel Cannabis and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Decibel and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Decibel Cannabis does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
CLU
+ 0.87
ERE-UN
ERE-UN
+ 0.82
XHB
RUDB
+ 0.74
CLU
RUDB
+ 0.72
XHB
RUDB
+ 0.71
ERE-UN
CLU
+ 0.68
XHB
  
High negative correlations   
ALA-PA
- 0.67
XHB
BN-PFI
- 0.61
RUDB
RUDB
- 0.61
ALA-PA
CLU
- 0.6
ALA-PA
ERE-UN
- 0.6
ALA-PA
BN-PFI
- 0.58
XHB

Risk-Adjusted Indicators

There is a big difference between Decibel Stock performing well and Decibel Cannabis Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Decibel Cannabis' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
XLY  6.92  0.41  0.01 (0.17) 7.48 
(13.68)
 14.29 
(12.50)
 42.86 
ENTG  27.73  3.72  0.13  0.41  22.84 
(62.50)
 100.00 
(50.00)
 150.00 
XHB  0.19  0.01 (0.49)(0.22) 0.13 
(0.24)
 0.41 
(0.31)
 1.07 
ALA-PA  0.51  0.01 (0.17) 0.06  0.67 
(0.60)
 1.15 
(1.45)
 3.73 
ERE-UN  1.45  0.54  0.30 (3.38) 0.72 
(1.99)
 3.95 
(1.48)
 20.23 
CLU  0.50  0.05 (0.03) 0.26  0.35 
(0.74)
 1.07 
(0.97)
 4.36 
RUDB  0.24  0.02 (0.21) 0.30  0.35 
(0.25)
 0.58 
(0.62)
 1.96 
BN-PFI  0.48 (0.03) 0.00 (0.38) 0.00 
 0.00 
 1.09 
(1.12)
 2.87 
XEG  1.17  0.00 (0.04) 0.13  1.64 
(1.13)
 2.20 
(2.34)
 8.20 
SOLI-P  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 

Cross Equities Net Income Analysis

Compare Decibel Cannabis and related stocks such as Auxly Cannabis Group, Entourage Health Corp, and iShares Canadian HYBrid Net Income Over Time
Select Fundamental
Price To Sales RatioDividend Yield
Ptb RatioDays Sales Outstanding
Book Value Per ShareFree Cash Flow Yield
Invested CapitalOperating Cash Flow Per Share
Average PayablesStock Based Compensation To Revenue
Capex To DepreciationPb Ratio
Ev To SalesFree Cash Flow Per Share
RoicInventory Turnover
Net Income Per ShareDays Of Inventory On Hand
Payables TurnoverSales General And Administrative To Revenue
Average InventoryResearch And Ddevelopement To Revenue
Capex To RevenueCash Per Share
PocfratioInterest Coverage
Payout RatioCapex To Operating Cash Flow
Pfcf RatioDays Payables Outstanding
Net Current Asset ValueIncome Quality
RoeTangible Asset Value
Ev To Operating Cash FlowPe Ratio
Return On Tangible AssetsEv To Free Cash Flow
Earnings YieldIntangibles To Total Assets
Net Debt To E B I T D ACurrent Ratio
Tangible Book Value Per ShareReceivables Turnover
Graham NumberShareholders Equity Per Share
Debt To EquityCapex Per Share
Graham Net NetAverage Receivables
Revenue Per ShareInterest Debt Per Share
Debt To AssetsEnterprise Value Over E B I T D A
Short Term Coverage RatiosPrice Earnings Ratio
Operating CyclePrice Book Value Ratio
Price Earnings To Growth RatioDays Of Payables Outstanding
Dividend Payout RatioPrice To Operating Cash Flows Ratio
Price To Free Cash Flows RatioPretax Profit Margin
Ebt Per EbitOperating Profit Margin
Effective Tax RateCompany Equity Multiplier
Long Term Debt To CapitalizationTotal Debt To Capitalization
Return On Capital EmployedDebt Equity Ratio
Ebit Per RevenueQuick Ratio
Dividend Paid And Capex Coverage RatioNet Income Per E B T
Cash RatioCash Conversion Cycle
Operating Cash Flow Sales RatioDays Of Inventory Outstanding
Days Of Sales OutstandingFree Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage RatiosPrice To Book Ratio
Fixed Asset TurnoverCapital Expenditure Coverage Ratio
Price Cash Flow RatioEnterprise Value Multiple
Debt RatioCash Flow To Debt Ratio
Price Sales RatioReturn On Assets
Asset TurnoverNet Profit Margin
Gross Profit MarginPrice Fair Value
Return On Equity
201020112012201320142015201620172018201920202021202220232024
XLY(15.6 K)84.3 K105.2 K62.3 K37.3 K32.5 K(229.6 K)(18.2 M)(67 M)(108.6 M)(87.4 M)(45.9 M)(130.3 M)(44.5 M)(42.3 M)
ENTG(8.8 M)(8.8 M)(8.8 M)(8.8 M)(8.8 M)(8.8 M)(8.8 M)(8.8 M)(895.1 K)(10.4 M)(89.6 M)(78.9 M)(123.1 M)(46.2 M)(48.5 M)
ERE-UN(61.3 K)(61.3 K)(61.3 K)(61.3 K)(61.3 K)(61.3 K)(61.3 K)(1.4 M)5.3 M(16.8 M)118.7 M96.1 M116.4 M(114.2 M)(108.5 M)
SOLI-P(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(180.4 K)(60.7 K)(51.3 K)(53.9 K)

Decibel Cannabis and related stocks such as Auxly Cannabis Group, Entourage Health Corp, and iShares Canadian HYBrid Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Decibel Cannabis financial statement analysis. It represents the amount of money remaining after all of Decibel Cannabis operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Decibel Cannabis Competitive Analysis

The better you understand Decibel Cannabis competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Decibel Cannabis' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Decibel Cannabis' competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
DB XLY ENTG XHB ALA-PA ERE-UN CLU RUDB BN-PFI XEG
 7.69 
 0.06 
Decibel
 14.29 
 0.04 
Auxly
 50.00 
 0.01 
Entourage
 0.46 
 19.63 
IShares
 0.31 
 19.25 
Altagas
 1.63 
 3.61 
European
 0.74 
 56.94 
IShares
 0.47 
 21.40 
RBC
 0.30 
 23.13 
Brookfield
 1.77 
 18.27 
IShares
Market Volatility
(90 Days Market Risk)
Out of control
Out of control
Out of control
Very steady
Very steady
Moderately volatile
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Weak
Insignificant
OK
OK
Weak
Good
Good
Good
Very Weak
Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Quite High
Very High
Average
Low
Low
Low
About Average
Low
Unknown
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Fairly Valued
Fairly Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Sell
Cautious Hold
Strong Sell
Cautious Hold
Strong Hold
Cautious Hold
Sell
Cautious Hold
Current Ratio
0.94
2.58
N/A
N/A
N/A
0.19
N/A
N/A
N/A
Net Asset
140.88 M
261.9 M
31.39 M
430.05 M
21.59 B
1.72 B
N/A
N/A
642.76 M
Profit Margin
-0.0378
-0.41
-1.07
N/A
0.0239
-0.49
N/A
N/A
N/A
EBITDA
9.26 M
(30.95 M)
(17.46 M)
N/A
1.14 B
66.25 M
N/A
N/A
N/A
Operating Margin
0.0544
0.17
-0.38
N/A
0.0733
0.68
N/A
N/A
N/A
Current Valuation
72.62 M
96.4 M
173.72 M
N/A
N/A
1.57 B
N/A
N/A
N/A
Price To Book
0.67
0.39
2.69
N/A
N/A
0.57
N/A
N/A
N/A
Retained Earnings
(22.41 M)
(483.27 M)
(365.54 M)
N/A
N/A
170.62 M
N/A
N/A
N/A
Five Year Return
N/A
N/A
N/A
2.6
N/A
5.24
N/A
N/A
20.9
One Year Return
N/A
N/A
N/A
11.6
N/A
N/A
N/A
7.1
17.1
Beta
1.03
1.22
1.06
0.94
1.32
1.29
1.01
N/A
0.92
Number Of Employees
N/A
369
N/A
1
2.93 K
N/A
N/A
N/A
7
Equity Positions Weight
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
99.84
Shares Outstanding
442.54 M
1.25 B
308.39 M
N/A
N/A
92.21 M
N/A
N/A
N/A
Three Year Return
N/A
N/A
N/A
2.2
N/A
N/A
N/A
N/A
25.8
Cash Flow From Operations
5.06 M
8.21 M
(10.24 M)
N/A
738 M
55.21 M
N/A
N/A
N/A
Annual Yield
N/A
N/A
N/A
N/A
0.0524
0.0483
N/A
N/A
N/A
Total Debt
48.39 M
159.04 M
155.11 M
N/A
7.68 B
992.49 M
N/A
N/A
N/A
Return On Equity
-0.0105
-0.52
-3.71
N/A
0.0477
-0.11
N/A
N/A
N/A
Bond Positions Weight
N/A
N/A
N/A
97.03
N/A
N/A
N/A
N/A
N/A
Holdings Turnover
N/A
N/A
N/A
30.71
N/A
N/A
N/A
N/A
154.1
Return On Asset
0.0304
-0.0309
-0.37
N/A
0.0273
0.0251
N/A
N/A
N/A
Number Of Shares Shorted
30.77 K
348.01 K
7
N/A
8.1 K
950.72 K
N/A
N/A
N/A
Book Value Per Share
0.11
0.05
-0.53
N/A
24.88
4.43
N/A
N/A
N/A
Total Asset
140.88 M
261.9 M
31.39 M
430.05 M
21.59 B
1.72 B
N/A
N/A
642.76 M
Debt To Equity
1.4
1.2
N/A
N/A
N/A
2.56
N/A
N/A
N/A
Short Ratio
0.12
0.88
N/A
N/A
1.62
2.1
N/A
N/A
N/A
Target Price
0.27
0.02
0.05
N/A
N/A
3.86
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
N/A
0.065
1.05
0.18
N/A
N/A
0.042
Shares Owned By Institutions
0.51
0.24
N/A
N/A
52.87
19.95
N/A
N/A
N/A
Market Capitalization
28.77 M
44.93 M
1.54 M
N/A
N/A
338.42 M
N/A
N/A
549.94 M
Price To Earning
N/A
N/A
N/A
N/A
N/A
1.68
N/A
N/A
2.18
Price To Sales
0.27
0.41
0.0379
N/A
N/A
3.49
N/A
N/A
N/A
Net Income
(3.73 M)
(44.51 M)
(46.17 M)
N/A
283 M
(114.23 M)
N/A
N/A
N/A
Earnings Per Share
-0.01
-0.07
-0.14
N/A
0.89
-0.3
N/A
N/A
4.08
Shares Owned By Insiders
0.99
21.73
20.17
N/A
N/A
12.43
N/A
N/A
N/A
Revenue
114.02 M
101.08 M
40.71 M
N/A
10.57 B
95.68 M
N/A
N/A
N/A
Working Capital
15.89 M
(38.98 M)
(146.91 M)
N/A
N/A
(92.8 M)
N/A
N/A
N/A
Ten Year Return
N/A
N/A
N/A
3.4
N/A
N/A
N/A
N/A
3.8
Cash And Equivalents
4.46 M
14.64 M
N/A
N/A
N/A
15.95 M
N/A
N/A
N/A
Cash Per Share
0.01
0.02
N/A
N/A
N/A
0.18
N/A
N/A
N/A
Gross Profit
26.43 M
19.29 M
(11.71 M)
N/A
2.87 B
68.98 M
N/A
N/A
N/A
Day Typical Price
0.0617
0.0383
0.0067
19.63
19.22
3.64
56.9
21.4
23.15
18.36
Accumulation Distribution
5691.77
10748.75
0.5
21.96
5.14
8944.73
0.0019
N/A
0.003
35921.04
Market Facilitation Index
N/A
N/A
0.005
0.0
1.0E-4
N/A
0.11
N/A
0.07
N/A
Daily Balance Of Power
(1.00)
1.0
(1.00)
1.285714
0.6667
(0.60)
3.818182
9.2 T
1.0
(0.73)
Period Momentum Indicator
(0.01)
0.005
(0.01)
0.09
0.06
(0.06)
0.42
0.1
0.07
(0.33)
Rate Of Daily Change
0.92
1.14
0.5
1.0
1.0
0.98
1.01
1.0
1.0
0.98
Day Median Price
0.0625
0.0375
0.0075
19.63
19.2
3.65
56.89
21.4
23.17
18.41
Price Action Indicator
(0.01)
0.005
(0.01)
0.05
0.075
(0.07)
0.26
0.05
N/A
(0.30)
Coefficient Of Variation
68873.07
3852.66
717.02
1284.94
21769.09
467.69
631.2
968.81
(4,019)
2735.0
Mean Deviation
4.14
6.92
27.73
0.1868
0.5068
1.45
0.4981
0.241
0.4803
1.17
Jensen Alpha
0.0977
0.4085
3.72
0.0127
0.0069
0.544
0.0537
0.0155
(0.03)
0.0045
Total Risk Alpha
(1.07)
(1.27)
(0.70)
(0.03)
(0.12)
0.131
(0.01)
(0.03)
(0.13)
(0.19)
Sortino Ratio
(0.01)
0.0094
0.1287
(0.49)
(0.17)
0.2982
(0.03)
(0.21)
N/A
(0.04)
Downside Variance
90.12
158.57
1614.58
0.052
0.5698
1.84
0.4887
0.2015
N/A
3.05
Standard Deviation
6.81
9.59
38.02
0.234
0.7047
2.5
0.707
0.3475
0.6491
1.5
Kurtosis
1.52
(0.68)
0.433
0.1136
1.03
19.83
4.58
2.31
0.1007
0.7764
Potential Upside
11.11
14.29
100.0
0.41
1.15
3.95
1.07
0.5811
1.09
2.2
Treynor Ratio
1.0E-4
(0.17)
0.4069
(0.22)
0.0598
(3.38)
0.2552
0.3029
(0.38)
0.1342
Maximum Drawdown
39.08
42.86
150.0
1.07
3.73
20.23
4.36
1.96
2.87
8.2
Variance
46.42
92.05
1445.8
0.0548
0.4966
6.27
0.4999
0.1207
0.4213
2.26
Market Risk Adjusted Performance
0.0101
(0.16)
0.4169
(0.21)
0.0698
(3.37)
0.2652
0.3129
(0.37)
0.1442
Risk Adjusted Performance
0.01
0.0291
0.1168
0.0369
0.0026
0.1709
0.1207
0.0671
(0.02)
0.0329
Skewness
0.3985
0.1643
0.8443
0.4876
(0.17)
3.54
1.11
(0.92)
(0.29)
(0.53)
Semi Deviation
5.1
7.48
22.84
0.1335
0.6658
0.7218
0.3519
0.3458
N/A
1.64
Information Ratio
(0.02)
0.0123
0.136
(0.48)
(0.18)
0.1616
(0.03)
(0.27)
(0.23)
(0.05)
Value At Risk
(10.00)
(12.50)
(50.00)
(0.31)
(1.45)
(1.48)
(0.97)
(0.62)
(1.12)
(2.34)
Expected Short fall
(10.51)
(13.68)
(62.50)
(0.24)
(0.60)
(1.99)
(0.74)
(0.25)
N/A
(1.13)
Downside Deviation
9.49
12.59
40.18
0.228
0.7548
1.36
0.699
0.4489
N/A
1.75
Semi Variance
25.99
55.91
521.8
0.0178
0.4432
0.521
0.1238
0.1195
N/A
2.68

Decibel Cannabis Competition Performance Charts

Five steps to successful analysis of Decibel Cannabis Competition

Decibel Cannabis' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Decibel Cannabis in relation to its competition. Decibel Cannabis' competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Decibel Cannabis in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Decibel Cannabis' competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Decibel Cannabis, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Decibel Cannabis position

In addition to having Decibel Cannabis 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.

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Real Estate
Real Estate Theme
Publicly traded companies that are involved in real estate development, property maintenance and management of real estate investment trusts (REIT) funds. The Real Estate theme has 38 constituents at this time.
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Additional Tools for Decibel Stock Analysis

When running Decibel Cannabis' price analysis, check to measure Decibel Cannabis' 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 Decibel Cannabis is operating at the current time. Most of Decibel Cannabis' value examination focuses on studying past and present price action to predict the probability of Decibel Cannabis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Decibel Cannabis' price. Additionally, you may evaluate how the addition of Decibel Cannabis to your portfolios can decrease your overall portfolio volatility.
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