DRDGOLD Financials
| DRD Stock | 1,780 1.00 0.06% |
DRDGOLD |
Understanding current and past DRDGOLD Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of DRDGOLD's financial statements are interrelated, with each one affecting the others. For example, an increase in DRDGOLD's assets may result in an increase in income on the income statement.
Please note, the presentation of DRDGOLD's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, DRDGOLD's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of DRDGOLD's management manipulating its earnings.
| Foreign Associate | USA |
| Instrument | South Africa Stock View All |
| Exchange | Johannesburg Exchange |
| ISIN | ZAE000058723 |
| Business Address | Constantia Office Park, |
| Sector | Basic Materials |
| Industry | Gold |
| Benchmark | Dow Jones Industrial |
| Website | www.drdgold.com |
| Phone | (27) 86 524 3061 |
You should never invest in DRDGOLD without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of DRDGOLD Stock, because this is throwing your money away. Analyzing the key information contained in DRDGOLD's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
DRDGOLD Key Financial Ratios
There are many critical financial ratios that DRDGOLD's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that DRDGOLD Limited reports annually and quarterly.DRDGOLD Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining DRDGOLD's current stock value. Our valuation model uses many indicators to compare DRDGOLD value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across DRDGOLD competition to find correlations between indicators driving DRDGOLD's intrinsic value. More Info.DRDGOLD Limited is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.52 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for DRDGOLD Limited is roughly 1.93 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the DRDGOLD's earnings, one of the primary drivers of an investment's value.DRDGOLD Limited Systematic Risk
DRDGOLD's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. DRDGOLD volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on DRDGOLD Limited correlated with the market. If Beta is less than 0 DRDGOLD generally moves in the opposite direction as compared to the market. If DRDGOLD Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one DRDGOLD Limited is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of DRDGOLD is generally in the same direction as the market. If Beta > 1 DRDGOLD moves generally in the same direction as, but more than the movement of the benchmark.
DRDGOLD December 11, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of DRDGOLD help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of DRDGOLD Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of DRDGOLD Limited based on widely used predictive technical indicators. In general, we focus on analyzing DRDGOLD Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build DRDGOLD's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.1143 | |||
| Maximum Drawdown | 11.78 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 4.87 |
Complementary Tools for DRDGOLD Stock analysis
When running DRDGOLD's price analysis, check to measure DRDGOLD'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 DRDGOLD is operating at the current time. Most of DRDGOLD's value examination focuses on studying past and present price action to predict the probability of DRDGOLD's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DRDGOLD's price. Additionally, you may evaluate how the addition of DRDGOLD to your portfolios can decrease your overall portfolio volatility.
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