DigiMax Global Price To Book vs. Total Debt
| DBKSF Stock | USD 0.01 0.01 49.75% |
For DigiMax Global profitability analysis, we use financial ratios and fundamental drivers that measure the ability of DigiMax Global to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well DigiMax Global utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between DigiMax Global's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of DigiMax Global over time as well as its relative position and ranking within its peers.
DigiMax |
DigiMax Global Total Debt vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining DigiMax Global's current stock value. Our valuation model uses many indicators to compare DigiMax Global value to that of its competitors to determine the firm's financial worth. DigiMax Global is one of the top stocks in price to book category among its peers. It also is rated as one of the top companies in total debt category among its peers making up about 84,082 of Total Debt per Price To Book. 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 DigiMax Global's earnings, one of the primary drivers of an investment's value.DigiMax Total Debt vs. Price To Book
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.
DigiMax Global |
| = | 0.91 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.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
DigiMax Global |
| = | 76.22 K |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
DigiMax Total Debt vs Competition
DigiMax Global is rated as one of the top companies in total debt category among its peers. Total debt of Capital Markets industry is currently estimated at about 612.82 Billion. DigiMax Global adds roughly 76,220 in total debt claiming only tiny portion of stocks in Capital Markets industry.
DigiMax Global Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in DigiMax Global, profitability is also one of the essential criteria for including it into their portfolios because, without profit, DigiMax Global will eventually generate negative long term returns. The profitability progress is the general direction of DigiMax Global's change in net profit over the period of time. It can combine multiple indicators of DigiMax Global, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
DigiMax Global Inc., a technology company, offers advanced financial, predictive, and cryptocurrency solutions across various industries and verticals in Canada. DigiMax Global Inc. was incorporated in 1998 and is based in Toronto, Canada. Digimax Global operates under Capital Markets classification in the United States and is traded on OTC Exchange.
DigiMax Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on DigiMax Global. 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 DigiMax Global 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 DigiMax Global's important profitability drivers and their relationship over time.
Use DigiMax Global 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 DigiMax Global 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 DigiMax Global will appreciate offsetting losses from the drop in the long position's value.DigiMax Global Pair Trading
DigiMax Global Pair Trading Analysis
The ability to find closely correlated positions to DigiMax Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigiMax Global 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 DigiMax Global - 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 DigiMax Global to buy it.
The correlation of DigiMax Global 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 DigiMax Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DigiMax Global 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 DigiMax Global 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 DigiMax Global position
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Other Information on Investing in DigiMax Pink Sheet
To fully project DigiMax Global's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of DigiMax Global 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 DigiMax Global's income statement, its balance sheet, and the statement of cash flows.