Driven Brands Holdings Etf Fundamentals
| DRVN Etf | USD 16.48 0.16 0.96% |
Driven Brands Holdings fundamentals help investors to digest information that contributes to Driven Brands' financial success or failures. It also enables traders to predict the movement of Driven Etf. The fundamental analysis module provides a way to measure Driven Brands' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Driven Brands etf.
Driven |
Driven Brands Holdings ETF Beta Analysis
Driven Brands' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Driven Brands Beta | 1.12 |
Most of Driven Brands' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Driven Brands Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, Driven Brands Holdings has a Beta of 1.118. This is much higher than that of the Commercial Services & Supplies family and significantly higher than that of the Industrials category. The beta for all United States etfs is notably lower than that of the firm.
Driven Brands Holdings Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Driven Brands's current stock value. Our valuation model uses many indicators to compare Driven Brands value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Driven Brands competition to find correlations between indicators driving Driven Brands's intrinsic value. More Info.Driven Brands Holdings is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.02 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for Driven Brands Holdings is roughly 42.01 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Driven Brands' earnings, one of the primary drivers of an investment's value.Driven Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Driven Brands' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Driven Brands could also be used in its relative valuation, which is a method of valuing Driven Brands by comparing valuation metrics of similar companies.Driven Brands is currently under evaluation in beta as compared to similar ETFs.
Driven Brands Institutional Holders
Institutional Holdings refers to the ownership stake in Driven Brands that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Driven Brands' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Driven Brands' value.| Shares | One Fin Capital Management Lp | 2024-09-30 | 1.5 M | State Street Corp | 2024-09-30 | 1.4 M | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 1.3 M | Scopia Management Inc | 2024-09-30 | 1.2 M | J. Goldman & Co Lp | 2024-09-30 | 1.1 M | Norges Bank | 2024-06-30 | 788.5 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 769.4 K | Interval Partners, Lp | 2024-09-30 | 620.9 K | Northern Trust Corp | 2024-09-30 | 540.3 K | Hg Vora Capital Management Llc | 2024-09-30 | 7.5 M | Vanguard Group Inc | 2024-09-30 | 5.7 M |
Driven Brands returns are very sensitive to returns on the market. As the market goes up or down, Driven Brands is expected to follow.
Driven Fundamentals
| Return On Equity | 0.0069 | ||||
| Return On Asset | 0.0325 | ||||
| Profit Margin | 0 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 6.58 B | ||||
| Shares Outstanding | 164.11 M | ||||
| Shares Owned By Insiders | 2.49 % | ||||
| Shares Owned By Institutions | 83.05 % | ||||
| Number Of Shares Shorted | 7.94 M | ||||
| Price To Earning | 118.01 X | ||||
| Price To Book | 2.81 X | ||||
| Price To Sales | 1.16 X | ||||
| Revenue | 2.3 B | ||||
| Gross Profit | 984.08 M | ||||
| EBITDA | (504.16 M) | ||||
| Net Income | (744.96 M) | ||||
| Cash And Equivalents | 190.37 M | ||||
| Cash Per Share | 1.17 X | ||||
| Total Debt | 4.35 B | ||||
| Debt To Equity | 2.37 % | ||||
| Current Ratio | 1.11 X | ||||
| Book Value Per Share | 5.87 X | ||||
| Cash Flow From Operations | 235.17 M | ||||
| Short Ratio | 15.09 X | ||||
| Price To Earnings To Growth | 1.37 X | ||||
| Target Price | 18.59 | ||||
| Number Of Employees | 10.6 K | ||||
| Beta | 1.12 | ||||
| Market Capitalization | 2.7 B | ||||
| Total Asset | 5.91 B | ||||
| Retained Earnings | (710.09 M) | ||||
| Working Capital | 393.94 M | ||||
| Net Asset | 5.91 B |
About Driven Brands Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Driven Brands Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Driven Brands using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Driven Brands Holdings based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
Please read more on our fundamental analysis page.Driven Brands Holdings Inc., together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. Driven Brands is listed under Auto Truck Dealerships in the United States and is traded on NASDAQ Exchange exchange.
Pair Trading with Driven Brands
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 Driven Brands 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 Driven Brands will appreciate offsetting losses from the drop in the long position's value.Moving together with Driven Etf
| 0.82 | G | Genpact Limited Earnings Call This Week | PairCorr |
| 0.81 | BR | Broadridge Financial Earnings Call Today | PairCorr |
| 0.66 | FA | First Advantage Corp | PairCorr |
Moving against Driven Etf
The ability to find closely correlated positions to Driven Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Driven Brands 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 Driven Brands - 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 Driven Brands Holdings to buy it.
The correlation of Driven Brands 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 Driven Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Driven Brands Holdings 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 Driven Brands 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.Other Information on Investing in Driven Etf
Driven Brands financial ratios help investors to determine whether Driven Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Driven with respect to the benefits of owning Driven Brands security.