Direct Dividends Paid vs Other Non Cash Items Analysis
DRCT Stock | USD 0.67 0.11 14.10% |
Direct Digital financial indicator trend analysis is much more than just examining Direct Digital Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Direct Digital Holdings is a good investment. Please check the relationship between Direct Digital Dividends Paid and its Other Non Cash Items accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direct Digital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
Dividends Paid vs Other Non Cash Items
Dividends Paid vs Other Non Cash Items Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Direct Digital Holdings Dividends Paid account and Other Non Cash Items. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Direct Digital's Dividends Paid and Other Non Cash Items is 0.95. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Direct Digital Holdings, assuming nothing else is changed. The correlation between historical values of Direct Digital's Dividends Paid and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Direct Digital Holdings are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Dividends Paid i.e., Direct Digital's Dividends Paid and Other Non Cash Items go up and down completely randomly.
Correlation Coefficient | 0.95 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Other Non Cash Items
Most indicators from Direct Digital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Direct Digital Holdings 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 Direct Digital Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Direct Digital's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.36 in 2024, whereas Enterprise Value is likely to drop slightly above 44.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 3.2M | 3.2M | 4.4M | 2.6M | Depreciation And Amortization | 2.0M | 2.1M | 2.2M | 1.5M |
Direct Digital fundamental ratios Correlations
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Direct Digital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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When running Direct Digital's price analysis, check to measure Direct Digital'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 Direct Digital is operating at the current time. Most of Direct Digital's value examination focuses on studying past and present price action to predict the probability of Direct Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Direct Digital's price. Additionally, you may evaluate how the addition of Direct Digital to your portfolios can decrease your overall portfolio volatility.