Draftkings Stock Performance
| DKNG Stock | USD 38.44 0.10 0.26% |
The firm shows a Beta (market volatility) of -0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DraftKings are expected to decrease at a much lower rate. During the bear market, DraftKings is likely to outperform the market. At this point, DraftKings has a negative expected return of -0.0155%. Please make sure to confirm DraftKings' standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if DraftKings performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days DraftKings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, DraftKings is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
| Begin Period Cash Flow | 1.6 B |
DraftKings |
DraftKings Relative Risk vs. Return Landscape
If you would invest 4,035 in DraftKings on December 20, 2024 and sell it today you would lose (181.00) from holding DraftKings or give up 4.49% of portfolio value over 90 days. DraftKings is currently does not generate positive expected returns and assumes 3.5534% risk (volatility on return distribution) over the 90 days horizon. In different words, 31% of stocks are less volatile than DraftKings, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
DraftKings Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for DraftKings' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as DraftKings, and traders can use it to determine the average amount a DraftKings' 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 = -0.0044
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | DKNG |
Estimated Market Risk
| 3.55 actual daily | 31 69% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average DraftKings 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 DraftKings by adding DraftKings to a well-diversified portfolio.
DraftKings Fundamentals Growth
DraftKings Stock prices reflect investors' perceptions of the future prospects and financial health of DraftKings, and DraftKings 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 DraftKings Stock performance.
| Return On Equity | -0.55 | ||||
| Return On Asset | -0.0885 | ||||
| Profit Margin | (0.11) % | ||||
| Operating Margin | (0.13) % | ||||
| Current Valuation | 19.43 B | ||||
| Shares Outstanding | 489.96 M | ||||
| Price To Earning | 106.37 X | ||||
| Price To Book | 18.68 X | ||||
| Price To Sales | 3.96 X | ||||
| Revenue | 4.77 B | ||||
| EBITDA | (311.76 M) | ||||
| Cash And Equivalents | 1.51 B | ||||
| Cash Per Share | 3.38 X | ||||
| Total Debt | 1.34 B | ||||
| Debt To Equity | 0.76 % | ||||
| Book Value Per Share | 2.07 X | ||||
| Cash Flow From Operations | 417.77 M | ||||
| Earnings Per Share | (1.05) X | ||||
| Total Asset | 4.28 B | ||||
| Retained Earnings | (6.44 B) | ||||
| Current Asset | 831.79 K | ||||
| Current Liabilities | 1.53 M | ||||
About DraftKings Performance
By analyzing DraftKings' fundamental ratios, stakeholders can gain valuable insights into DraftKings' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if DraftKings 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 DraftKings has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
DraftKings Inc. operates a digital sports entertainment and gaming company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts. Draftkings operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 3400 people.Things to note about DraftKings performance evaluation
Checking the ongoing alerts about DraftKings for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for DraftKings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| DraftKings generated a negative expected return over the last 90 days | |
| DraftKings has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 4.77 B. Net Loss for the year was (507.29 M) with profit before overhead, payroll, taxes, and interest of 1.82 B. | |
| Over 82.0% of the company shares are held by institutions such as insurance companies |
- Analyzing DraftKings' 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 DraftKings' stock is overvalued or undervalued compared to its peers.
- Examining DraftKings' 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 DraftKings' management team can have a significant impact on its success or failure. Reviewing the track record and experience of DraftKings' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of DraftKings' stock. These opinions can provide insight into DraftKings' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for DraftKings Stock analysis
When running DraftKings' price analysis, check to measure DraftKings' 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 DraftKings is operating at the current time. Most of DraftKings' value examination focuses on studying past and present price action to predict the probability of DraftKings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DraftKings' price. Additionally, you may evaluate how the addition of DraftKings to your portfolios can decrease your overall portfolio volatility.
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