DigitalOcean Price To Sales Ratio from 2010 to 2024
| DOCN Stock | USD 33.67 1.16 3.33% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 4.77319911 | Current Value 4.53 | Quarterly Volatility 5.67768454 |
Check DigitalOcean Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among DigitalOcean main balance sheet or income statement drivers, such as Tax Provision of 7.7 M, Net Interest Income of 15.6 M or Depreciation And Amortization of 91.6 M, as well as many exotic indicators such as Price To Sales Ratio of 4.53, Dividend Yield of 0.0 or Days Sales Outstanding of 39.34. DigitalOcean financial statements analysis is a perfect complement when working with DigitalOcean Holdings Valuation or Volatility modules.
DigitalOcean | Price To Sales Ratio |
Latest DigitalOcean Holdings' Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of DigitalOcean Holdings over the last few years. Price to Sales Ratio is figured by comparing DigitalOcean Holdings stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on DigitalOcean Holdings sales, a figure that is much harder to manipulate than other DigitalOcean Holdings multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. DigitalOcean Holdings' Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in DigitalOcean Holdings' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 4.60 X | 10 Years Trend |
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Price To Sales Ratio |
| Timeline |
DigitalOcean Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 15.30 | |
| Geometric Mean | 13.65 | |
| Coefficient Of Variation | 37.10 | |
| Mean Deviation | 4.45 | |
| Median | 18.23 | |
| Standard Deviation | 5.68 | |
| Sample Variance | 32.24 | |
| Range | 15.6401 | |
| R-Value | (0.71) | |
| Mean Square Error | 17.28 | |
| R-Squared | 0.50 | |
| Significance | 0 | |
| Slope | (0.90) | |
| Total Sum of Squares | 451.31 |
DigitalOcean Price To Sales Ratio History
About DigitalOcean Holdings Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include DigitalOcean Holdings income statement, its balance sheet, and the statement of cash flows. DigitalOcean Holdings investors use historical funamental indicators, such as DigitalOcean Holdings's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although DigitalOcean Holdings investors may use each financial statement separately, they are all related. The changes in DigitalOcean Holdings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on DigitalOcean Holdings'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 DigitalOcean Holdings Financial Statements. Understanding these patterns can help to make the right decision on long term investment in DigitalOcean Holdings. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 4.77 | 4.53 |
Pair Trading with DigitalOcean Holdings
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 DigitalOcean Holdings 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 DigitalOcean Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against DigitalOcean Stock
| 0.7 | NN | Nextnav Acquisition Corp | PairCorr |
| 0.56 | EGIO | Edgio Inc Report 17th of July 2024 | PairCorr |
The ability to find closely correlated positions to DigitalOcean Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigitalOcean Holdings 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 DigitalOcean Holdings - 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 DigitalOcean Holdings to buy it.
The correlation of DigitalOcean Holdings 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 DigitalOcean Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DigitalOcean Holdings 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 DigitalOcean Holdings 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 DigitalOcean Holdings Correlation against competitors. To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.Note that the DigitalOcean Holdings information on this page should be used as a complementary analysis to other DigitalOcean Holdings' 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for DigitalOcean Stock analysis
When running DigitalOcean Holdings' price analysis, check to measure DigitalOcean Holdings' 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 DigitalOcean Holdings is operating at the current time. Most of DigitalOcean Holdings' value examination focuses on studying past and present price action to predict the probability of DigitalOcean Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DigitalOcean Holdings' price. Additionally, you may evaluate how the addition of DigitalOcean Holdings to your portfolios can decrease your overall portfolio volatility.
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Is DigitalOcean Holdings' 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 DigitalOcean Holdings. If investors know DigitalOcean 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 DigitalOcean Holdings 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 1.525 | Earnings Share 0.2 | Revenue Per Share 7.687 | Quarterly Revenue Growth 0.11 | Return On Assets 0.0254 |
The market value of DigitalOcean Holdings is measured differently than its book value, which is the value of DigitalOcean that is recorded on the company's balance sheet. Investors also form their own opinion of DigitalOcean Holdings' value that differs from its market value or its book value, called intrinsic value, which is DigitalOcean Holdings' 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 DigitalOcean Holdings' market value can be influenced by many factors that don't directly affect DigitalOcean Holdings' 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 DigitalOcean Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DigitalOcean Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DigitalOcean Holdings' 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.