D2l Inc Stock Z Score
| DTOL Stock | 16.16 1.07 7.09% |
D2L | Z Score |
D2L Inc Company Z Score Analysis
D2L's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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D2L Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for D2L is extremely important. It helps to project a fair market value of D2L Stock properly, considering its historical fundamentals such as Z Score. Since D2L's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of D2L's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of D2L's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
According to the company's disclosures, D2L Inc has a Z Score of 0.0. This is 100.0% lower than that of the Software sector and 100.0% lower than that of the Information Technology industry. The z score for all Canada stocks is 100.0% higher than that of the company.
D2L Current Valuation Drivers
We derive many important indicators used in calculating different scores of D2L from analyzing D2L's financial statements. These drivers represent accounts that assess D2L's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of D2L's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 668.8M | 688.7M | 392.1M | 352.1M | 376.4M | 578.0M |
D2L Fundamentals
| Return On Equity | 0.0087 | ||||
| Return On Asset | -0.013 | ||||
| Profit Margin | 0 % | ||||
| Operating Margin | (0.03) % | ||||
| Current Valuation | 759.95 M | ||||
| Shares Outstanding | 27.06 M | ||||
| Shares Owned By Insiders | 2.31 % | ||||
| Shares Owned By Institutions | 53.07 % | ||||
| Number Of Shares Shorted | 8.78 K | ||||
| Price To Book | 11.27 X | ||||
| Price To Sales | 4.29 X | ||||
| Revenue | 182.38 M | ||||
| Gross Profit | 107.77 M | ||||
| EBITDA | 215.75 K | ||||
| Net Income | (3.54 M) | ||||
| Total Debt | 12.71 M | ||||
| Book Value Per Share | 1.02 X | ||||
| Cash Flow From Operations | 15.66 M | ||||
| Short Ratio | 0.55 X | ||||
| Earnings Per Share | 0.01 X | ||||
| Target Price | 11.32 | ||||
| Number Of Employees | 1 K | ||||
| Beta | 1.57 | ||||
| Market Capitalization | 821.61 M | ||||
| Total Asset | 197.12 M | ||||
| Retained Earnings | (350.44 M) | ||||
| Working Capital | 32.16 M | ||||
| Net Asset | 197.12 M |
About D2L Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze D2L Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of D2L using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of D2L Inc 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.
Please read more on our fundamental analysis page.
Pair Trading with D2L
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 D2L 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 D2L will appreciate offsetting losses from the drop in the long position's value.Moving together with D2L Stock
Moving against D2L Stock
The ability to find closely correlated positions to D2L could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace D2L 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 D2L - 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 D2L Inc to buy it.
The correlation of D2L 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 D2L moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if D2L Inc 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 D2L 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 D2L Stock
D2L financial ratios help investors to determine whether D2L Stock 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 D2L with respect to the benefits of owning D2L security.