Green Return On Tangible Assets from 2010 to 2024
| GDOT Stock | USD 10.03 0.07 0.70% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter 0.00152889 | Current Value 0.001452 | Quarterly Volatility 0.04857197 |
Check Green Dot financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Green main balance sheet or income statement drivers, such as Depreciation And Amortization of 53.2 M, Interest Expense of 2.5 M or Selling General Administrative of 202.8 M, as well as many exotic indicators such as Price To Sales Ratio of 0.33, Dividend Yield of 0.0 or PTB Ratio of 0.57. Green financial statements analysis is a perfect complement when working with Green Dot Valuation or Volatility modules.
Green | Return On Tangible Assets |
Latest Green Dot's Return On Tangible Assets Growth Pattern
Below is the plot of the Return On Tangible Assets of Green Dot over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. Green Dot's Return On Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Green Dot's overall financial position and show how it may be relating to other accounts over time.
| Return On Tangible Assets | 10 Years Trend |
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Return On Tangible Assets |
| Timeline |
Green Return On Tangible Assets Regression Statistics
| Arithmetic Mean | 0.05 | |
| Geometric Mean | 0.03 | |
| Coefficient Of Variation | 101.47 | |
| Mean Deviation | 0.03 | |
| Median | 0.04 | |
| Standard Deviation | 0.05 | |
| Sample Variance | 0 | |
| Range | 0.1768 | |
| R-Value | (0.78) | |
| Mean Square Error | 0 | |
| R-Squared | 0.61 | |
| Significance | 0.0006 | |
| Slope | (0.01) | |
| Total Sum of Squares | 0.03 |
Green Return On Tangible Assets History
About Green Dot Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Green Dot income statement, its balance sheet, and the statement of cash flows. Green Dot investors use historical funamental indicators, such as Green Dot's Return On Tangible Assets, to determine how well the company is positioned to perform in the future. Although Green Dot investors may use each financial statement separately, they are all related. The changes in Green Dot's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Green Dot'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 Green Dot Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Green Dot. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0 | 0 |
Pair Trading with Green Dot
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 Green Dot 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 Green Dot will appreciate offsetting losses from the drop in the long position's value.Moving together with Green Stock
| 0.82 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
| 0.7 | DB | Deutsche Bank AG | PairCorr |
| 0.84 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
Moving against Green Stock
| 0.5 | AMK | AssetMark Financial | PairCorr |
| 0.45 | CG | Carlyle Group | PairCorr |
The ability to find closely correlated positions to Green Dot could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green Dot 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 Green Dot - 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 Green Dot to buy it.
The correlation of Green Dot 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 Green Dot moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Green Dot 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 Green Dot 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 Green Dot Correlation against competitors. For more information on how to buy Green Stock please use our How to Invest in Green Dot guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Green Stock analysis
When running Green Dot's price analysis, check to measure Green Dot'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 Green Dot is operating at the current time. Most of Green Dot's value examination focuses on studying past and present price action to predict the probability of Green Dot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Green Dot's price. Additionally, you may evaluate how the addition of Green Dot to your portfolios can decrease your overall portfolio volatility.
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| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
Is Green Dot'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 Green Dot. If investors know Green 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 Green Dot 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 (0.87) | Earnings Share (0.48) | Revenue Per Share 29.202 | Quarterly Revenue Growth 0.086 | Return On Assets (0) |
The market value of Green Dot is measured differently than its book value, which is the value of Green that is recorded on the company's balance sheet. Investors also form their own opinion of Green Dot's value that differs from its market value or its book value, called intrinsic value, which is Green Dot'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 Green Dot's market value can be influenced by many factors that don't directly affect Green Dot'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 Green Dot's value and its price as these two are different measures arrived at by different means. Investors typically determine if Green Dot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Green Dot'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.