DocuSign Net Debt vs Common Stock Analysis
DOCU Stock | USD 58.03 0.75 1.31% |
DocuSign financial indicator trend analysis is much more than just examining DocuSign latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether DocuSign is a good investment. Please check the relationship between DocuSign Net Debt and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocuSign. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy DocuSign Stock please use our How to Invest in DocuSign guide.
Net Debt vs Common Stock
Net Debt vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of DocuSign Net Debt account and Common Stock. At this time, the significance of the direction appears to have weak relationship.
The correlation between DocuSign's Net Debt and Common Stock is 0.33. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Common Stock in the same time period over historical financial statements of DocuSign, assuming nothing else is changed. The correlation between historical values of DocuSign's Net Debt 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 Net Debt of DocuSign 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 Net Debt i.e., DocuSign's Net Debt and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.33 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Common Stock
Most indicators from DocuSign's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into DocuSign 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 DocuSign. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy DocuSign Stock please use our How to Invest in DocuSign guide.At this time, DocuSign's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.19 in 2024, whereas Selling General Administrative is likely to drop slightly above 211.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 81.9M | 86.3M | 95.1M | 64.6M | Interest Income | 1.4M | 4.5M | 68.9M | 72.3M |
DocuSign fundamental ratios Correlations
Click cells to compare fundamentals
DocuSign Account Relationship Matchups
High Positive Relationship
High Negative Relationship
DocuSign fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 2.3B | 2.5B | 3.0B | 3.0B | 2.0B | |
Other Current Liab | 137.5M | 222.7M | 251.5M | 264.1M | 299.3M | 149.8M | |
Total Current Liabilities | 694.0M | 1.1B | 1.4B | 2.2B | 1.7B | 1.0B | |
Total Stockholder Equity | 546.3M | 325.7M | 275.5M | 617.3M | 1.1B | 1.2B | |
Other Liab | 23.1M | 55.3M | 49.3M | 45.8M | 52.6M | 41.9M | |
Net Tangible Assets | 294.9M | (146.2M) | (178.4M) | 193.4M | 222.4M | 233.5M | |
Property Plant And Equipment Net | 278.1M | 324.4M | 310.7M | 341.4M | 368.4M | 227.6M | |
Current Deferred Revenue | 507.6M | 779.6M | 1.0B | 1.2B | 1.3B | 706.1M | |
Net Debt | 407.3M | 349.7M | 373.2M | 166.4M | (654.0M) | (621.3M) | |
Retained Earnings | (1.1B) | (1.4B) | (1.4B) | (1.6B) | (1.7B) | (1.8B) | |
Accounts Payable | 28.1M | 37.4M | 52.8M | 24.4M | 19.0M | 29.0M | |
Cash | 241.2M | 566.1M | 509.1M | 721.9M | 797.1M | 492.4M | |
Non Current Assets Total | 947.2M | 1.2B | 1.2B | 1.4B | 1.4B | 892.1M | |
Non Currrent Assets Other | 24.7M | 24.9M | 362.2M | 430.4M | 458.3M | 481.3M | |
Other Assets | 162.5M | 279.1M | 362.2M | 417.9M | 480.6M | 504.6M | |
Cash And Short Term Investments | 656.1M | 773.5M | 802.8M | 1.0B | 1.0B | 703.3M | |
Net Receivables | 250.3M | 340.5M | 453.5M | 529.4M | 455.2M | 309.8M | |
Good Will | 194.9M | 350.2M | 355.1M | 353.6M | 353.1M | 233.3M | |
Common Stock Total Equity | 17K | 18K | 19K | 20K | 23K | 15.7K | |
Common Stock Shares Outstanding | 176.7M | 185.8M | 196.7M | 200.9M | 209.0M | 185.0M | |
Liabilities And Stockholders Equity | 1.9B | 2.3B | 2.5B | 3.0B | 3.0B | 2.0B | |
Non Current Liabilities Total | 650.8M | 917.6M | 894.1M | 187.1M | 180.9M | 171.9M | |
Capital Surpluse | 1.7B | 1.7B | 1.7B | 2.2B | 2.6B | 2.7B | |
Inventory | 16.6M | 367K | 280K | 2.0 | 1.0 | 0.95 | |
Other Current Assets | 37.1M | 48.4M | 63.2M | 70.0M | 67.0M | 41.9M | |
Other Stockholder Equity | 1.7B | 1.7B | 1.7B | 2.2B | 2.8B | 3.0B | |
Total Liab | 1.3B | 2.0B | 2.3B | 2.4B | 1.8B | 1.6B | |
Deferred Long Term Liab | 153.3M | 260.1M | 311.8M | 10.7M | 12.3M | 11.7M | |
Property Plant And Equipment Gross | 278.1M | 324.4M | 310.7M | 341.4M | 612.6M | 643.3M | |
Total Current Assets | 943.9M | 1.2B | 1.3B | 1.6B | 1.6B | 1.1B | |
Accumulated Other Comprehensive Income | (1.7M) | 5.0M | (4.8M) | (23.0M) | (19.4M) | (18.4M) | |
Short Term Debt | 20.7M | 53.4M | 37.4M | 746.9M | 22.2M | 21.1M | |
Intangible Assets | 56.5M | 121.8M | 98.8M | 70.3M | 50.9M | 66.3M | |
Common Stock | 17K | 18K | 19K | 20K | 21K | 16.5K | |
Property Plant Equipment | 278.1M | 324.4M | 310.7M | 199.9M | 229.9M | 186.0M | |
Short Term Investments | 414.9M | 207.5M | 293.8M | 309.8M | 248.4M | 237.4M | |
Non Current Liabilities Other | 6.7M | 32.3M | 23.3M | 18.1M | 21.3M | 16.1M | |
Net Invested Capital | 1.0B | 1.0B | 994.0M | 1.3B | 1.1B | 1.1B | |
Net Working Capital | 249.9M | 69.2M | (52.0M) | (577.3M) | (93.0M) | (88.3M) | |
Short Long Term Debt Total | 648.5M | 915.8M | 882.2M | 888.3M | 143.1M | 135.9M |
Pair Trading with DocuSign
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 DocuSign 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 DocuSign will appreciate offsetting losses from the drop in the long position's value.Moving against DocuSign Stock
0.79 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
0.77 | U | Unity Software | PairCorr |
0.76 | DMAN | Innovativ Media Group | PairCorr |
0.75 | DT | Dynatrace Holdings LLC Earnings Call This Week | PairCorr |
0.69 | WK | Workiva | PairCorr |
The ability to find closely correlated positions to DocuSign could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DocuSign 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 DocuSign - 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 DocuSign to buy it.
The correlation of DocuSign 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 DocuSign moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DocuSign 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 DocuSign 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 DocuSign. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy DocuSign Stock please use our How to Invest in DocuSign guide.Note that the DocuSign information on this page should be used as a complementary analysis to other DocuSign'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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for DocuSign Stock analysis
When running DocuSign's price analysis, check to measure DocuSign'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 DocuSign is operating at the current time. Most of DocuSign's value examination focuses on studying past and present price action to predict the probability of DocuSign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DocuSign's price. Additionally, you may evaluate how the addition of DocuSign to your portfolios can decrease your overall portfolio volatility.
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
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 | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |
Is DocuSign'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 DocuSign. If investors know DocuSign 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 DocuSign 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 5.985 | Earnings Share 0.36 | Revenue Per Share 13.534 | Quarterly Revenue Growth 0.08 | Return On Assets 0.0131 |
The market value of DocuSign is measured differently than its book value, which is the value of DocuSign that is recorded on the company's balance sheet. Investors also form their own opinion of DocuSign's value that differs from its market value or its book value, called intrinsic value, which is DocuSign'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 DocuSign's market value can be influenced by many factors that don't directly affect DocuSign'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 DocuSign's value and its price as these two are different measures arrived at by different means. Investors typically determine if DocuSign is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DocuSign'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.