DATATRAK International Current Valuation vs. Price To Earning
| DTRKDelisted Stock | USD 1.05 0.00 0.00% |
For DATATRAK International profitability analysis, we use financial ratios and fundamental drivers that measure the ability of DATATRAK International to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well DATATRAK International utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between DATATRAK International's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of DATATRAK International over time as well as its relative position and ranking within its peers.
DATATRAK |
DATATRAK International Price To Earning vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining DATATRAK International's current stock value. Our valuation model uses many indicators to compare DATATRAK International value to that of its competitors to determine the firm's financial worth. DATATRAK International is rated # 2 in current valuation category among its peers. It is one of the top stocks in price to earning category among its peers . The ratio of Current Valuation to Price To Earning for DATATRAK International is about 73,934 . 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 DATATRAK International's earnings, one of the primary drivers of an investment's value.DATATRAK Current Valuation vs. Competition
DATATRAK International is rated # 2 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Health Care industry is currently estimated at about 757.62 Million. DATATRAK International claims roughly 9.95 Million in current valuation contributing just under 2% to equities under Health Care industry.
DATATRAK Price To Earning 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.
DATATRAK International |
| = | 9.95 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.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
DATATRAK International |
| = | 134.62 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
DATATRAK Price To Earning Comparison
DATATRAK International is currently under evaluation in price to earning category among its peers.
DATATRAK International Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in DATATRAK International, profitability is also one of the essential criteria for including it into their portfolios because, without profit, DATATRAK International will eventually generate negative long term returns. The profitability progress is the general direction of DATATRAK International's change in net profit over the period of time. It can combine multiple indicators of DATATRAK International, 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.
DATATRAK International, Inc., a technology and services company, provides unified clinical solutions and related services for the clinical trials industry. DATATRAK International, Inc. was founded in 1991 and is headquartered in Mayfield Heights, Ohio. Datatrak Intl operates under Health Information Services classification in the United States and is traded on OTC Exchange.
DATATRAK Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on DATATRAK International. 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 DATATRAK International 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 DATATRAK International's important profitability drivers and their relationship over time.
Use DATATRAK International 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 DATATRAK International 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 DATATRAK International will appreciate offsetting losses from the drop in the long position's value.DATATRAK International Pair Trading
DATATRAK International Pair Trading Analysis
The ability to find closely correlated positions to DATATRAK International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DATATRAK International 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 DATATRAK International - 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 DATATRAK International to buy it.
The correlation of DATATRAK International 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 DATATRAK International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DATATRAK International 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 DATATRAK International 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 DATATRAK International position
In addition to having DATATRAK International 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?
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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 metropolitan statistical area. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in DATATRAK Pink Sheet
If you are still planning to invest in DATATRAK International 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 DATATRAK International's history and understand the potential risks before investing.
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