DigitalOcean Good Will vs Retained Earnings Analysis

DOCN Stock

USD 39.60 0.73 1.88%

DigitalOcean Holdings financial indicator trend analysis is much more than just examining DigitalOcean Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DigitalOcean Holdings is a good investment. Please check the relationship between DigitalOcean Holdings Good Will and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigitalOcean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.

Good Will vs Retained Earnings

Good Will vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DigitalOcean Holdings Good Will account and Retained Earnings. At this time, the significance of the direction appears to have pay attention.

The correlation between DigitalOcean Holdings' Good Will and Retained Earnings is -0.91. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of DigitalOcean Holdings, assuming nothing else is changed. The correlation between historical values of DigitalOcean Holdings' Good Will and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of DigitalOcean Holdings are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Good Will i.e., DigitalOcean Holdings' Good Will and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.91

Relationship Direction	Negative
Relationship Strength	Significant

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from DigitalOcean Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DigitalOcean Holdings 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 DigitalOcean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.At this time, DigitalOcean Holdings' Tax Provision is very stable compared to the past year. As of the 24th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.29, while Selling General Administrative is likely to drop about 117.5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.7M	8.4M	8.9M	9.2M
Depreciation And Amortization	88.4M	102.2M	117.9M	91.5M

Interest Expense Depreciation And Amortization

DigitalOcean Holdings fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Good Will	Common Stock Total Equity
Other Current Liab		0.79	0.7	-0.32	-0.89	-0.23	0.88	0.92	0.83	-0.17	0.61	0.8	0.94	0.77	0.82	0.01	0.83	0.91	0.66	0.43	0.79	0.95	0.81	0.59	0.75	0.8
Total Current Liabilities	0.79		0.9	-0.69	-0.83	-0.29	0.93	0.91	0.41	0.22	0.34	0.8	0.87	0.63	0.79	-0.36	0.98	0.86	0.91	0.05	0.98	0.87	0.76	0.31	0.91	0.8
Other Liab	0.7	0.9		-0.72	-0.89	-0.43	0.81	0.84	0.46	0.21	0.36	0.76	0.78	0.64	0.78	-0.42	0.93	0.89	0.98	0.11	0.92	0.81	0.75	0.36	0.99	0.76
Net Tangible Assets	-0.32	-0.69	-0.72		0.46	0.2	-0.42	-0.37	-0.05	-0.82	0.35	-0.17	-0.29	0.03	-0.18	0.87	-0.59	-0.47	-0.82	0.6	-0.6	-0.35	-0.13	0.36	-0.66	-0.17
Retained Earnings	-0.89	-0.83	-0.89	0.46		0.52	-0.86	-0.91	-0.72	0.11	-0.56	-0.85	-0.91	-0.76	-0.85	0.21	-0.89	-0.92	-0.8	-0.42	-0.85	-0.91	-0.84	-0.56	-0.91	-0.85
Accounts Payable	-0.23	-0.29	-0.43	0.2	0.52		-0.37	-0.28	-0.02	0.05	-0.14	-0.34	-0.32	-0.24	-0.31	0.32	-0.34	-0.36	-0.31	-0.25	-0.31	-0.36	-0.3	-0.15	-0.42	-0.34
Other Assets	0.88	0.93	0.81	-0.42	-0.86	-0.37		0.97	0.5	-0.08	0.59	0.91	0.96	0.8	0.91	-0.06	0.96	0.9	0.78	0.33	0.95	0.97	0.89	0.56	0.85	0.91
Net Receivables	0.92	0.91	0.84	-0.37	-0.91	-0.28	0.97		0.66	-0.19	0.68	0.95	0.99	0.87	0.96	0.0	0.96	0.93	0.78	0.45	0.94	0.97	0.94	0.66	0.88	0.95
Common Stock Shares Outstanding	0.83	0.41	0.46	-0.05	-0.72	-0.02	0.5	0.66		-0.37	0.65	0.56	0.69	0.67	0.61	0.2	0.49	0.71	0.39	0.57	0.43	0.69	0.63	0.66	0.52	0.56
Other Stockholder Equity	-0.17	0.22	0.21	-0.82	0.11	0.05	-0.08	-0.19	-0.37		-0.79	-0.39	-0.26	-0.56	-0.38	-0.87	0.06	-0.07	0.37	-0.94	0.09	-0.18	-0.43	-0.79	0.12	-0.39
Total Current Assets	0.61	0.34	0.36	0.35	-0.56	-0.14	0.59	0.68	0.65	-0.79		0.81	0.71	0.94	0.83	0.67	0.51	0.63	0.25	0.91	0.48	0.69	0.86	1.0	0.45	0.81
Common Stock	0.8	0.8	0.76	-0.17	-0.85	-0.34	0.91	0.95	0.56	-0.39	0.81		0.95	0.95	0.99	0.18	0.89	0.85	0.67	0.62	0.88	0.91	0.99	0.79	0.81	1.0
Property Plant Equipment	0.94	0.87	0.78	-0.29	-0.91	-0.32	0.96	0.99	0.69	-0.26	0.71	0.95		0.88	0.95	0.06	0.92	0.92	0.71	0.51	0.9	0.98	0.94	0.69	0.83	0.95
Total Assets	0.77	0.63	0.64	0.03	-0.76	-0.24	0.8	0.87	0.67	-0.56	0.94	0.95	0.88		0.97	0.41	0.77	0.83	0.55	0.77	0.74	0.87	0.98	0.93	0.72	0.95
Short Long Term Debt Total	0.82	0.79	0.78	-0.18	-0.85	-0.31	0.91	0.96	0.61	-0.38	0.83	0.99	0.95	0.97		0.2	0.89	0.89	0.7	0.62	0.88	0.93	1.0	0.82	0.83	0.99
Total Stockholder Equity	0.01	-0.36	-0.42	0.87	0.21	0.32	-0.06	0.0	0.2	-0.87	0.67	0.18	0.06	0.41	0.2		-0.22	-0.09	-0.49	0.73	-0.23	0.02	0.25	0.67	-0.33	0.18
Property Plant And Equipment Net	0.83	0.98	0.93	-0.59	-0.89	-0.34	0.96	0.96	0.49	0.06	0.51	0.89	0.92	0.77	0.89	-0.22		0.93	0.91	0.22	1.0	0.93	0.87	0.49	0.95	0.89
Current Deferred Revenue	0.91	0.86	0.89	-0.47	-0.92	-0.36	0.9	0.93	0.71	-0.07	0.63	0.85	0.92	0.83	0.89	-0.09	0.93		0.85	0.38	0.89	0.97	0.88	0.63	0.92	0.85
Net Debt	0.66	0.91	0.98	-0.82	-0.8	-0.31	0.78	0.78	0.39	0.37	0.25	0.67	0.71	0.55	0.7	-0.49	0.91	0.85		-0.06	0.91	0.76	0.66	0.24	0.96	0.67
Cash	0.43	0.05	0.11	0.6	-0.42	-0.25	0.33	0.45	0.57	-0.94	0.91	0.62	0.51	0.77	0.62	0.73	0.22	0.38	-0.06		0.18	0.46	0.67	0.92	0.2	0.62
Non Current Assets Total	0.79	0.98	0.92	-0.6	-0.85	-0.31	0.95	0.94	0.43	0.09	0.48	0.88	0.9	0.74	0.88	-0.23	1.0	0.89	0.91	0.18		0.9	0.85	0.45	0.94	0.88
Non Currrent Assets Other	0.95	0.87	0.81	-0.35	-0.91	-0.36	0.97	0.97	0.69	-0.18	0.69	0.91	0.98	0.87	0.93	0.02	0.93	0.97	0.76	0.46	0.9		0.92	0.67	0.86	0.91
Long Term Debt	0.81	0.76	0.75	-0.13	-0.84	-0.3	0.89	0.94	0.63	-0.43	0.86	0.99	0.94	0.98	1.0	0.25	0.87	0.88	0.66	0.67	0.85	0.92		0.85	0.81	0.99
Cash And Short Term Investments	0.59	0.31	0.36	0.36	-0.56	-0.15	0.56	0.66	0.66	-0.79	1.0	0.79	0.69	0.93	0.82	0.67	0.49	0.63	0.24	0.92	0.45	0.67	0.85		0.45	0.79
Good Will	0.75	0.91	0.99	-0.66	-0.91	-0.42	0.85	0.88	0.52	0.12	0.45	0.81	0.83	0.72	0.83	-0.33	0.95	0.92	0.96	0.2	0.94	0.86	0.81	0.45		0.81
Common Stock Total Equity	0.8	0.8	0.76	-0.17	-0.85	-0.34	0.91	0.95	0.56	-0.39	0.81	1.0	0.95	0.95	0.99	0.18	0.89	0.85	0.67	0.62	0.88	0.91	0.99	0.79	0.81

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DigitalOcean Holdings Account Relationship Matchups

DigitalOcean Holdings fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	25.8M	42.3M	34.0M	42.0M	47.0M	37.6M
Total Current Liabilities	72.5M	84.8M	58.2M	164.3M	192.6M	116.6M
Other Liab	3.1M	2.3M	1.9M	22.0M	25.3M	26.6M
Net Tangible Assets	(131.9M)	(134.9M)	503.1M	(381.6M)	(438.8M)	(416.8M)
Retained Earnings	(123.5M)	(167.0M)	(186.5M)	(210.8M)	(344.2M)	(327.0M)
Accounts Payable	27.2M	12.4M	12.7M	21.1M	4.0M	3.8M
Other Assets	3.4M	6.0M	6.2M	9.0M	10.4M	6.3M
Net Receivables	24.0M	28.1M	39.6M	53.8M	62.2M	41.1M
Other Stockholder Equity	(72.0M)	95.2M	(3.4B)	264.0M	31.0M	32.5M
Total Current Assets	60.6M	148.0M	1.8B	946.6M	503.0M	637.8M
Property Plant Equipment	178.8M	213.5M	249.6M	273.2M	314.1M	235.7M

Pair Trading with DigitalOcean Holdings

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 DigitalOcean Holdings 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 DigitalOcean Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with DigitalOcean Stock

0.65

BlackBerry

Pair Corr

Moving against DigitalOcean Stock

0.48	VRNT	Verint Systems	Pair Corr
0.4	FIVN	Five9 Inc	Pair Corr
0.4	FLYW	Flywire Corp Sell-off Trend	Pair Corr
0.32	VRAR	Glimpse Group	Pair Corr

The ability to find closely correlated positions to DigitalOcean Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigitalOcean Holdings 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 DigitalOcean Holdings - 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 DigitalOcean Holdings to buy it.

The correlation of DigitalOcean Holdings 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 DigitalOcean Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DigitalOcean 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 DigitalOcean Holdings 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.

Pair Correlation Correlation Matching

When determining whether DigitalOcean Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DigitalOcean Holdings' 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 Digitalocean Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digitalocean Holdings Stock:

How To Invest In DigitalOcean

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Is DigitalOcean Stock a good investment?

Details

What is DigitalOcean Holdings' Net Worth?

Details

Largest Internet Services & Infrastructure Companies

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Largest Software - Infrastructure Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigitalOcean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.

You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Is Internet Services & Infrastructure 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 DigitalOcean Holdings. If investors know DigitalOcean 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 DigitalOcean Holdings 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

0.65

Earnings Share

0.86

Revenue Per Share

8.348

Quarterly Revenue Growth

0.121

Return On Assets

0.0438

The market value of DigitalOcean Holdings is measured differently than its book value, which is the value of DigitalOcean that is recorded on the company's balance sheet. Investors also form their own opinion of DigitalOcean Holdings' value that differs from its market value or its book value, called intrinsic value, which is DigitalOcean Holdings' 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 DigitalOcean Holdings' market value can be influenced by many factors that don't directly affect DigitalOcean Holdings' 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 DigitalOcean Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DigitalOcean Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DigitalOcean Holdings' 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.

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DigitalOcean Good Will vs Retained Earnings Analysis

Good Will vs Retained Earnings

Good Will vs Retained Earnings Correlation Analysis

Correlation Coefficient

Good Will

Retained Earnings

DigitalOcean Holdings fundamental ratios Correlations

DigitalOcean Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DigitalOcean Holdings fundamental ratios Accounts

Pair Trading with DigitalOcean Holdings

Moving together with DigitalOcean Stock

Moving against DigitalOcean Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Current Assets
Common Stock Total Equity	+ 1.0	Common Stock
Long Term Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Good Will	+ 0.99	Other Liab
Property Plant Equipment	+ 0.99	Net Receivables

Cash	- 0.94	Other Stockholder Equity
Current Deferred Revenue	- 0.92	Retained Earnings
Good Will	- 0.91	Retained Earnings
Non Currrent Assets Other	- 0.91	Retained Earnings
Property Plant Equipment	- 0.91	Retained Earnings
Net Receivables	- 0.91	Retained Earnings