Digi Accounts Payable vs Common Stock Analysis
DGII Stock | USD 26.39 0.21 0.79% |
Digi International financial indicator trend analysis is much more than just examining Digi International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Digi International is a good investment. Please check the relationship between Digi International Accounts Payable and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digi International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Digi Stock please use our How to Invest in Digi International guide.
Accounts Payable vs Common Stock
Accounts Payable vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Digi International Accounts Payable account and Common Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Digi International's Accounts Payable and Common Stock is 0.74. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock in the same time period over historical financial statements of Digi International, assuming nothing else is changed. The correlation between historical values of Digi International's Accounts Payable and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Digi International are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Accounts Payable i.e., Digi International's Accounts Payable and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.74 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Digi International obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Digi International are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Common Stock
Most indicators from Digi International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Digi International current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digi International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Digi Stock please use our How to Invest in Digi International guide.As of now, Digi International's Discontinued Operations is increasing as compared to previous years. The Digi International's current Sales General And Administrative To Revenue is estimated to increase to 0.25, while Selling General Administrative is projected to decrease to under 37 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 19.7M | 25.2M | 29.0M | 30.5M | Depreciation And Amortization | 37.6M | 34.0M | 39.0M | 41.0M |
Digi International fundamental ratios Correlations
Click cells to compare fundamentals
Digi International Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Digi International fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 528.7M | 619.5M | 853.9M | 835.5M | 960.9M | 1.0B | |
Other Current Liab | 21.0M | 20.1M | 28.8M | 28.0M | 32.2M | 33.8M | |
Total Current Liabilities | 61.2M | 58.9M | 96.5M | 86.0M | 98.9M | 103.8M | |
Total Stockholder Equity | 371.5M | 472.5M | 501.5M | 540.5M | 621.6M | 652.6M | |
Property Plant And Equipment Net | 25.8M | 27.8M | 42.9M | 42.0M | 48.3M | 50.7M | |
Net Debt | 25.5M | (85.6M) | (19.4M) | 171.9M | 154.7M | 162.4M | |
Retained Earnings | 170.3M | 180.7M | 200.1M | 224.8M | 258.6M | 271.5M | |
Cash | 54.1M | 152.4M | 34.9M | 31.7M | 36.4M | 39.3M | |
Non Current Assets Total | 358.6M | 372.9M | 687.7M | 669.3M | 769.7M | 808.2M | |
Cash And Short Term Investments | 54.1M | 152.4M | 34.9M | 31.7M | 36.4M | 63.2M | |
Net Receivables | 59.2M | 43.7M | 54.2M | 56.0M | 64.4M | 67.6M | |
Common Stock Shares Outstanding | 29.5M | 33.4M | 36.0M | 36.9M | 42.4M | 24.2M | |
Liabilities And Stockholders Equity | 528.7M | 619.5M | 853.9M | 835.5M | 960.9M | 1.0B | |
Non Current Liabilities Total | 96.0M | 88.1M | 255.9M | 209.1M | 240.4M | 252.4M | |
Inventory | 51.6M | 43.9M | 73.2M | 74.4M | 85.6M | 89.8M | |
Other Stockholder Equity | 224.6M | 314.2M | 327.1M | 342.2M | 393.6M | 413.2M | |
Total Liab | 157.2M | 147.0M | 352.4M | 295.0M | 339.3M | 356.3M | |
Property Plant And Equipment Gross | 25.8M | 56.9M | 76.6M | 81.5M | 93.8M | 98.4M | |
Total Current Assets | 170.1M | 246.7M | 166.2M | 166.2M | 191.1M | 129.0M | |
Accumulated Other Comprehensive Income | (23.8M) | (22.7M) | (26.1M) | (27.0M) | (24.3M) | (23.1M) | |
Non Currrent Assets Other | 358.6M | 372.9M | 2.3M | 669.3M | 769.7M | 808.2M | |
Other Current Assets | 5.1M | 6.6M | 3.9M | 4.1M | 3.7M | 5.7M | |
Accounts Payable | 28.1M | 22.6M | 32.4M | 17.1M | 19.7M | 10.7M | |
Intangible Assets | 121.2M | 118.0M | 302.1M | 277.1M | 318.6M | 334.6M | |
Short Term Debt | (5.0M) | 4.5M | 2.6M | 15.5M | 17.9M | 18.7M | |
Common Stock Total Equity | 346K | 355K | 407K | 420K | 483K | 317.9K | |
Common Stock | 355K | 407K | 420K | 425K | 488.8K | 323.8K | |
Other Assets | 8.2M | 1.4M | 372.9M | 687.7M | 790.8M | 830.4M | |
Good Will | 210.1M | 225.5M | 340.5M | 341.6M | 307.4M | 292.1M | |
Treasury Stock | (54.3M) | (55.1M) | (56.5M) | (58.2M) | (52.4M) | (55.0M) | |
Property Plant Equipment | 13.9M | 11.5M | 27.8M | 42.9M | 38.6M | 40.5M | |
Current Deferred Revenue | 7.7M | 13.6M | 19.8M | 25.3M | 29.1M | 30.5M | |
Other Liab | 5.3M | 20.8M | 23.9M | 16.4M | 18.9M | 9.6M | |
Net Tangible Assets | 164.9M | 40.1M | 472.5M | 501.5M | 576.7M | 605.6M | |
Capital Surpluse | 266.6M | 279.7M | 370.7M | 385.2M | 443.0M | 283.6M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Digi International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Digi International's short interest history, or implied volatility extrapolated from Digi International options trading.
Pair Trading with Digi International
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 Digi 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 Digi International will appreciate offsetting losses from the drop in the long position's value.Moving against Digi Stock
0.44 | NIO | Nio Class A Downward Rally | PairCorr |
The ability to find closely correlated positions to Digi 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 Digi 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 Digi 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 Digi International to buy it.
The correlation of Digi 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 Digi International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digi 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 Digi 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digi International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more detail on how to invest in Digi Stock please use our How to Invest in Digi International guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Digi International's price analysis, check to measure Digi International'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 Digi International is operating at the current time. Most of Digi International's value examination focuses on studying past and present price action to predict the probability of Digi International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Digi International's price. Additionally, you may evaluate how the addition of Digi International to your portfolios can decrease your overall portfolio volatility.
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Is Digi International'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 Digi International. If investors know Digi 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 Digi International 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 (0.31) | Earnings Share 0.38 | Revenue Per Share 12.146 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0346 |
The market value of Digi International is measured differently than its book value, which is the value of Digi that is recorded on the company's balance sheet. Investors also form their own opinion of Digi International's value that differs from its market value or its book value, called intrinsic value, which is Digi International'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 Digi International's market value can be influenced by many factors that don't directly affect Digi International'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 Digi International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digi International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digi International'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.