Definity Operating Cash Flow Per Share vs Price To Sales Ratio Analysis
| DFY Stock | 58.30 1.67 2.78% |
Definity Financial financial indicator trend analysis is much more than just examining Definity Financial Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Definity Financial Corp is a good investment. Please check the relationship between Definity Financial Operating Cash Flow Per Share and its Price To Sales Ratio accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Definity Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Operating Cash Flow Per Share vs Price To Sales Ratio
Operating Cash Flow Per Share vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Definity Financial Corp Operating Cash Flow Per Share account and Price To Sales Ratio. At this time, the significance of the direction appears to have pay attention.
The correlation between Definity Financial's Operating Cash Flow Per Share and Price To Sales Ratio is -0.79. Overlapping area represents the amount of variation of Operating Cash Flow Per Share that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Definity Financial Corp, assuming nothing else is changed. The correlation between historical values of Definity Financial's Operating Cash Flow Per Share and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Cash Flow Per Share of Definity Financial Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Operating Cash Flow Per Share i.e., Definity Financial's Operating Cash Flow Per Share and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.79 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Operating Cash Flow Per Share
A measure of the cash generated from a company's normal business operations per share, indicating how much cash is generated from a company's business operations on a per-share basis.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Definity Financial Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Definity Financial sales, a figure that is much harder to manipulate than other Definity Financial Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from Definity Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Definity Financial Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Definity Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Definity Financial's Tax Provision is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value is likely to grow to about 3.1 B, while Selling General Administrative is likely to drop about 83.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.9B | 3.2B | 3.9B | 3.2B | Total Revenue | 2.9B | 3.2B | 3.9B | 3.2B |
Definity Financial fundamental ratios Correlations
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Definity Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Definity Financial
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 Definity Financial 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 Definity Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Definity Stock
| 0.7 | PIC-A | Premium Income Split | PairCorr |
| 0.85 | FFH | Fairfax Financial | PairCorr |
| 0.72 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.62 | FFH-PK | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Definity Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Definity Financial 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 Definity Financial - 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 Definity Financial Corp to buy it.
The correlation of Definity Financial 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 Definity Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Definity Financial Corp 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 Definity Financial 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 Definity Stock
Balance Sheet is a snapshot of the financial position of Definity Financial Corp at a specified time, usually calculated after every quarter, six months, or one year. Definity Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Definity Financial and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Definity currently owns. An asset can also be divided into two categories, current and non-current.