Doordash, Class A Stock Statistic Functions Beta
| DASH Stock | USD 177.24 4.07 2.35% |
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The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on DoorDash, Class A correlated with the market. If Beta is less than 0 DoorDash, generally moves in the opposite direction as compared to the market. If DoorDash, Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one DoorDash, Class A is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of DoorDash, is generally in the same direction as the market. If Beta > 1 DoorDash, moves generally in the same direction as, but more than the movement of the benchmark.
DoorDash, Technical Analysis Modules
Most technical analysis of DoorDash, help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for DoorDash, from various momentum indicators to cycle indicators. When you analyze DoorDash, charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About DoorDash, Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of DoorDash, Class A. We use our internally-developed statistical techniques to arrive at the intrinsic value of DoorDash, Class A based on widely used predictive technical indicators. In general, we focus on analyzing DoorDash, Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build DoorDash,'s daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of DoorDash,'s intrinsic value. In addition to deriving basic predictive indicators for DoorDash,, we also check how macroeconomic factors affect DoorDash, price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 26.06 | 22.18 | 22.53 | 28.48 | PTB Ratio | 10.75 | 2.68 | 5.71 | 5.42 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of DoorDash,'s price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.Did you try this?
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DoorDash, Class A 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 DoorDash, 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 DoorDash, will appreciate offsetting losses from the drop in the long position's value.DoorDash, Pair Trading
DoorDash, Class A Pair Trading Analysis
The ability to find closely correlated positions to DoorDash, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DoorDash, 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 DoorDash, - 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 DoorDash, Class A to buy it.
The correlation of DoorDash, 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 DoorDash, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DoorDash, Class A 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 DoorDash, 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DoorDash, Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Hotels, Restaurants & Leisure 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 DoorDash,. If investors know DoorDash, 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 DoorDash, listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.43) | Revenue Per Share 24.936 | Quarterly Revenue Growth 0.25 | Return On Assets (0.01) | Return On Equity (0.03) |
The market value of DoorDash, Class A is measured differently than its book value, which is the value of DoorDash, that is recorded on the company's balance sheet. Investors also form their own opinion of DoorDash,'s value that differs from its market value or its book value, called intrinsic value, which is DoorDash,'s 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 DoorDash,'s market value can be influenced by many factors that don't directly affect DoorDash,'s 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 DoorDash,'s value and its price as these two are different measures arrived at by different means. Investors typically determine if DoorDash, is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DoorDash,'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.