DMY Technology Current Valuation vs. Shares Outstanding
Please note, there is a significant difference between DMY Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if DMY Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DMY Technology's 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.DMY Technology Group Shares Outstanding vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining DMY Technology's current stock value. Our valuation model uses many indicators to compare DMY Technology value to that of its competitors to determine the firm's financial worth. DMY Technology Group is rated # 3 in current valuation category among its peers. It is rated below average in shares outstanding category among its peers creating about 0.08 of Shares Outstanding per Current Valuation. The ratio of Current Valuation to Shares Outstanding for DMY Technology Group is roughly 12.48 . Comparative valuation analysis is a catch-all technique that is used if you cannot value DMY Technology by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.DMY Current Valuation vs. Competition
DMY Technology Group is rated # 3 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Shell Companies industry is currently estimated at about 3.43 Billion. DMY Technology holds roughly 301.39 Million in current valuation claiming about 9% of equities listed under Shell Companies industry.
DMY Shares Outstanding 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.
DMY Technology |
| = | 301.39 M |
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.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
DMY Technology |
| = | 24.15 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
DMY Shares Outstanding Comparison
DMY Technology is currently under evaluation in shares outstanding category among its peers.
DMY Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in DMY Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, DMY Technology will eventually generate negative long term returns. The profitability progress is the general direction of DMY Technology's change in net profit over the period of time. It can combine multiple indicators of DMY Technology, 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.
The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. VI was incorporated in 2021 and is based in Las Vegas, Nevada. Dmy Technology operates under Shell Companies classification in the United States and is traded on New York Stock Exchange.
DMY Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on DMY Technology. 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 DMY Technology 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 DMY Technology's important profitability drivers and their relationship over time.
DMY Technology Earnings per Share Projection vs Actual
Use DMY Technology 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 DMY Technology 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 DMY Technology will appreciate offsetting losses from the drop in the long position's value.DMY Technology Pair Trading
DMY Technology Group Pair Trading Analysis
The ability to find closely correlated positions to Nike could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nike 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 Nike - 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 Nike Inc to buy it.
The correlation of Nike 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 Nike moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nike 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 Nike 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 DMY Technology position
In addition to having DMY Technology 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 Large Growth Funds Thematic Idea Now
Large Growth Funds
Funds or Etfs that invest in stocks of large-sized companies with above-average risk and growth rate. The Large Growth Funds theme has 37 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 Large Growth Funds Theme or any other thematic opportunities.
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Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Other Consideration for investing in DMY Stock
If you are still planning to invest in DMY Technology Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the DMY Technology's history and understand the potential risks before investing.
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