This module uses fundamental data of Ducommun Incorporated to approximate its Piotroski F score. Ducommun Incorporated F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Ducommun Incorporated. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Ducommun Incorporated financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Ducommun Incorporated Altman Z Score, Ducommun Incorporated Correlation, Ducommun Incorporated Valuation, as well as analyze Ducommun Incorporated Alpha and Beta and Ducommun Incorporated Hype Analysis.
At this time, Ducommun Incorporated's Total Debt To Capitalization is very stable compared to the past year. As of the 31st of January 2025, Debt Ratio is likely to grow to 0.41, while Long Term Debt is likely to drop about 190.8 M. At this time, Ducommun Incorporated's Inventory Turnover is very stable compared to the past year. As of the 31st of January 2025, Payables Turnover is likely to grow to 11.06, while Price To Sales Ratio is likely to drop 0.46.
At this time, it appears that Ducommun Incorporated's Piotroski F Score is Strong. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
The critical factor to consider when applying the Piotroski F Score to Ducommun Incorporated is to make sure Ducommun is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Ducommun Incorporated's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Ducommun Incorporated's financial numbers are properly reported.
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Ducommun Incorporated's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Ducommun Incorporated in a much-optimized way.
F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Ducommun Incorporated's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ducommun Incorporated's managers, analysts, and investors.
Environmental
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About Ducommun Incorporated Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ducommun Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ducommun Incorporated using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ducommun Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
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.
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.
When determining whether Ducommun Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ducommun Incorporated's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ducommun Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ducommun Incorporated Stock:
To learn how to invest in Ducommun Stock, please use our How to Invest in Ducommun Incorporated guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Aerospace & Defense space 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
2.05
Earnings Share
2
Revenue Per Share
53.056
Quarterly Revenue Growth
0.026
Return On Assets
0.0333
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.