Doubledown Net Working Capital from 2010 to 2024
| DDI Stock | USD 10.78 0.09 0.84% |
Net Working Capital | First Reported 2010-12-31 | Previous Quarter 247.2 M | Current Value 124.9 M | Quarterly Volatility 136.1 M |
Check Doubledown InteractiveCo financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Doubledown main balance sheet or income statement drivers, such as Net Interest Income of 11.5 M, Interest Income of 13.4 M or Depreciation And Amortization of 3.3 M, as well as many exotic indicators such as Price To Sales Ratio of 2.35, Dividend Yield of 0.0 or PTB Ratio of 0.45. Doubledown financial statements analysis is a perfect complement when working with Doubledown InteractiveCo Valuation or Volatility modules.
Doubledown | Net Working Capital |
Latest Doubledown InteractiveCo's Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of Doubledown InteractiveCo over the last few years. It is Doubledown InteractiveCo's Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Doubledown InteractiveCo's overall financial position and show how it may be relating to other accounts over time.
| Net Working Capital | 10 Years Trend |
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Net Working Capital |
| Timeline |
Doubledown Net Working Capital Regression Statistics
| Arithmetic Mean | 4,274,216 | |
| Coefficient Of Variation | 3,184 | |
| Mean Deviation | 116,406,259 | |
| Median | (92,731,000) | |
| Standard Deviation | 136,101,581 | |
| Sample Variance | 18523.6T | |
| Range | 342.7M | |
| R-Value | 0.83 | |
| Mean Square Error | 6222.6T | |
| R-Squared | 0.69 | |
| Significance | 0.0001 | |
| Slope | 25,244,313 | |
| Total Sum of Squares | 259331T |
Doubledown Net Working Capital History
About Doubledown InteractiveCo Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Doubledown InteractiveCo income statement, its balance sheet, and the statement of cash flows. Doubledown InteractiveCo investors use historical funamental indicators, such as Doubledown InteractiveCo's Net Working Capital, to determine how well the company is positioned to perform in the future. Although Doubledown InteractiveCo investors may use each financial statement separately, they are all related. The changes in Doubledown InteractiveCo's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Doubledown InteractiveCo's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Doubledown InteractiveCo Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Doubledown InteractiveCo. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | 247.2 M | 124.9 M |
Pair Trading with Doubledown InteractiveCo
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 Doubledown InteractiveCo 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 Doubledown InteractiveCo will appreciate offsetting losses from the drop in the long position's value.Moving against Doubledown Stock
| 0.47 | GIGM | Giga Media | PairCorr |
| 0.46 | NCTY | The9 Ltd ADR Downward Rally | PairCorr |
The ability to find closely correlated positions to Doubledown InteractiveCo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Doubledown InteractiveCo 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 Doubledown InteractiveCo - 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 Doubledown InteractiveCo to buy it.
The correlation of Doubledown InteractiveCo 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 Doubledown InteractiveCo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Doubledown InteractiveCo 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 Doubledown InteractiveCo 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 the analysis of Doubledown InteractiveCo Correlation against competitors. For more detail on how to invest in Doubledown Stock please use our How to Invest in Doubledown InteractiveCo guide.Note that the Doubledown InteractiveCo information on this page should be used as a complementary analysis to other Doubledown InteractiveCo's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. 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.
Complementary Tools for Doubledown Stock analysis
When running Doubledown InteractiveCo's price analysis, check to measure Doubledown InteractiveCo's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Doubledown InteractiveCo is operating at the current time. Most of Doubledown InteractiveCo's value examination focuses on studying past and present price action to predict the probability of Doubledown InteractiveCo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Doubledown InteractiveCo's price. Additionally, you may evaluate how the addition of Doubledown InteractiveCo to your portfolios can decrease your overall portfolio volatility.
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Is Doubledown InteractiveCo's industry 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 Doubledown InteractiveCo. If investors know Doubledown 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 Doubledown InteractiveCo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.28 | Earnings Share 2.04 | Revenue Per Share 8.1 K | Quarterly Revenue Growth 0.034 | Return On Assets 0.0908 |
The market value of Doubledown InteractiveCo is measured differently than its book value, which is the value of Doubledown that is recorded on the company's balance sheet. Investors also form their own opinion of Doubledown InteractiveCo's value that differs from its market value or its book value, called intrinsic value, which is Doubledown InteractiveCo'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 Doubledown InteractiveCo's market value can be influenced by many factors that don't directly affect Doubledown InteractiveCo'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 Doubledown InteractiveCo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Doubledown InteractiveCo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Doubledown InteractiveCo'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.