DOUGLAS DYNAMICS Profitability Analysis
DOUGLAS DYNAMICS Price To Book vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining DOUGLAS DYNAMICS's current stock value. Our valuation model uses many indicators to compare DOUGLAS DYNAMICS value to that of its competitors to determine the firm's financial worth. DOUGLAS DYNAMICS is rated below average in current valuation category among its peers. It is rated third in price to book category among its peers . The ratio of Current Valuation to Price To Book for DOUGLAS DYNAMICS is about 298,960,207 . 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 DOUGLAS DYNAMICS's earnings, one of the primary drivers of an investment's value.DOUGLAS Current Valuation vs. Competition
DOUGLAS DYNAMICS is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Other industry is presently estimated at about 52.5 Billion. DOUGLAS DYNAMICS holds roughly 1.09 Billion in current valuation claiming about 2.07% of all equities under Other industry.
DOUGLAS Price To Book vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
DOUGLAS DYNAMICS |
| = | 1.09 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
DOUGLAS DYNAMICS |
| = | 3.64 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
DOUGLAS Price To Book Comparison
DOUGLAS DYNAMICS is currently under evaluation in price to book category among its peers.
DOUGLAS Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on DOUGLAS DYNAMICS. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of DOUGLAS DYNAMICS position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the DOUGLAS DYNAMICS's important profitability drivers and their relationship over time.
DOUGLAS DYNAMICS Earnings per Share Projection vs Actual
Use DOUGLAS DYNAMICS in pair-trading
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 DOUGLAS DYNAMICS 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 DOUGLAS DYNAMICS will appreciate offsetting losses from the drop in the long position's value.DOUGLAS DYNAMICS Pair Trading
DOUGLAS DYNAMICS Pair Trading Analysis
The ability to find closely correlated positions to DOUGLAS DYNAMICS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DOUGLAS DYNAMICS 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 DOUGLAS DYNAMICS - 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 DOUGLAS DYNAMICS to buy it.
The correlation of DOUGLAS DYNAMICS 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 DOUGLAS DYNAMICS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DOUGLAS DYNAMICS 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 DOUGLAS DYNAMICS 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.Use Investing Themes to Complement your DOUGLAS DYNAMICS position
In addition to having DOUGLAS DYNAMICS in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Furniture Thematic Idea Now
Furniture
Companies producing and selling home and office furniture. The Furniture theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Furniture Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in DOUGLAS Stock
When determining whether DOUGLAS DYNAMICS is a strong investment it is important to analyze DOUGLAS DYNAMICS's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DOUGLAS DYNAMICS's future performance. For an informed investment choice regarding DOUGLAS Stock, refer to the following important reports:Check out Trending Equities. For information on how to trade DOUGLAS Stock refer to our How to Trade DOUGLAS Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
To fully project DOUGLAS DYNAMICS's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of DOUGLAS DYNAMICS at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include DOUGLAS DYNAMICS's income statement, its balance sheet, and the statement of cash flows.