Driveitaway Stock Performance
| DWAY Stock | USD 0.02 0 16.67% |
The firm shows a Beta (market volatility) of 4.57, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, DriveItAway will likely underperform. At this point, DriveItAway has a negative expected return of -0.72%. Please make sure to confirm DriveItAway's coefficient of variation, value at risk, as well as the relationship between the Value At Risk and rate of daily change , to decide if DriveItAway performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days DriveItAway has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in January 2025. The current disturbance may also be a sign of long term up-swing for the company investors. ...more
| Begin Period Cash Flow | 9774.00 |
DriveItAway |
DriveItAway Relative Risk vs. Return Landscape
If you would invest 5.90 in DriveItAway on September 17, 2024 and sell it today you would lose (3.90) from holding DriveItAway or give up 66.1% of portfolio value over 90 days. DriveItAway is currently does not generate positive expected returns and assumes 14.7516% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than DriveItAway, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
DriveItAway Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for DriveItAway's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as DriveItAway, and traders can use it to determine the average amount a DriveItAway's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0485
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | DWAY |
Estimated Market Risk
| 14.75 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.72 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average DriveItAway is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of DriveItAway by adding DriveItAway to a well-diversified portfolio.
DriveItAway Fundamentals Growth
DriveItAway Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of DriveItAway, and DriveItAway fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on DriveItAway Pink Sheet performance.
| Return On Asset | -4.57 | |||
| Operating Margin | (21.35) % | |||
| Current Valuation | 4.94 M | |||
| Shares Outstanding | 106.55 M | |||
| Price To Book | 4.02 X | |||
| Price To Sales | 145.91 X | |||
| Revenue | 55.51 K | |||
| EBITDA | (716.73 K) | |||
| Cash And Equivalents | 389.66 K | |||
| Total Debt | 292.2 K | |||
| Debt To Equity | 1.87 % | |||
| Book Value Per Share | (0.01) X | |||
| Cash Flow From Operations | (827.61 K) | |||
| Total Asset | 293.12 K | |||
About DriveItAway Performance
Evaluating DriveItAway's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if DriveItAway has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if DriveItAway has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
DriveItAway Inc. develops and offers a cloud platformconsumer application that enables dealers to sell vehicles through eCommerce, with its Pay as You Go app-based subscription program. The company was founded in 2017 and is based in Haddonfield, New Jersey. Driveitaway Hldgs is traded on OTC Exchange in the United States.Things to note about DriveItAway performance evaluation
Checking the ongoing alerts about DriveItAway for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for DriveItAway help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| DriveItAway generated a negative expected return over the last 90 days | |
| DriveItAway has high historical volatility and very poor performance | |
| DriveItAway has some characteristics of a very speculative penny stock | |
| DriveItAway has a very high chance of going through financial distress in the upcoming years | |
| DriveItAway currently holds 292.2 K in liabilities with Debt to Equity (D/E) ratio of 1.87, which is about average as compared to similar companies. DriveItAway has a current ratio of 0.52, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist DriveItAway until it has trouble settling it off, either with new capital or with free cash flow. So, DriveItAway's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like DriveItAway sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for DriveItAway to invest in growth at high rates of return. When we think about DriveItAway's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 55.51 K. Net Loss for the year was (1.48 M) with profit before overhead, payroll, taxes, and interest of 16.61 K. | |
| DriveItAway currently holds about 389.66 K in cash with (827.61 K) of positive cash flow from operations. | |
| Roughly 79.0% of DriveItAway shares are held by company insiders |
- Analyzing DriveItAway's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether DriveItAway's stock is overvalued or undervalued compared to its peers.
- Examining DriveItAway's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating DriveItAway's management team can have a significant impact on its success or failure. Reviewing the track record and experience of DriveItAway's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of DriveItAway's pink sheet. These opinions can provide insight into DriveItAway's potential for growth and whether the stock is currently undervalued or overvalued.
Additional Tools for DriveItAway Pink Sheet Analysis
When running DriveItAway's price analysis, check to measure DriveItAway'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 DriveItAway is operating at the current time. Most of DriveItAway's value examination focuses on studying past and present price action to predict the probability of DriveItAway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DriveItAway's price. Additionally, you may evaluate how the addition of DriveItAway to your portfolios can decrease your overall portfolio volatility.