Daily Income Statement Research
| DJCO Stock | USD 342.00 6.78 2.02% |
Daily |
Most accounts from Daily Journal's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Daily Journal Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Daily Journal Valuation and Daily Journal Correlation analysis. At this time, Daily Journal's Total Other Income Expense Net is very stable compared to the past year. As of the 19th of April 2024, Net Income is likely to grow to about 25.9 M, while Depreciation And Amortization is likely to drop about 304.8 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 11.7M | 16.0M | 14.4M | 14.9M | Total Revenue | 54.0M | 67.7M | 77.9M | 81.8M |
Daily Journal income statement Correlations
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Daily Journal Account Relationship Matchups
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Daily Journal income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 553K | 327K | 1.1M | 4.3M | 5.0M | 4.7M | |
| Total Revenue | 49.9M | 49.4M | 54.0M | 67.7M | 77.9M | 81.8M | |
| Gross Profit | 7.3M | 9.0M | 11.7M | 16.0M | 14.4M | 14.9M | |
| Operating Income | 3.7M | 5.1M | 7.4M | 6.7M | 6.0M | 6.3M | |
| Ebit | 3.7M | 5.1M | 7.4M | 6.7M | 7.6M | 4.3M | |
| Ebitda | 4.2M | 5.6M | 7.8M | 6.9M | 8.0M | 6.3M | |
| Cost Of Revenue | 42.6M | 40.4M | 42.3M | 51.7M | 59.5M | 62.4M | |
| Income Before Tax | 4.2M | 153.1M | (102.5M) | 28.1M | 32.3M | 33.9M | |
| Net Income | 4.0M | 112.9M | (75.6M) | 21.5M | 24.7M | 25.9M | |
| Income Tax Expense | 185K | 40.2M | (26.9M) | 6.7M | 6.0M | 6.3M | |
| Tax Provision | 185K | 40.2M | (26.9M) | 6.7M | 7.6M | 8.0M | |
| Interest Income | 5.4M | 5.0M | 2.9M | 5.5M | 6.3M | 4.4M | |
| Net Interest Income | (553K) | (327K) | (1.1M) | (4.3M) | (3.9M) | (3.7M) |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Daily Journal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Daily Journal's short interest history, or implied volatility extrapolated from Daily Journal options trading.
Pair Trading with Daily Journal
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 Daily Journal 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 Daily Journal will appreciate offsetting losses from the drop in the long position's value.Moving together with Daily Stock
| 0.84 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
Moving against Daily Stock
| 0.79 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.76 | DMAN | Innovativ Media Group | PairCorr |
| 0.76 | NOGWQ | Nogin Inc | PairCorr |
| 0.73 | DV | DoubleVerify Holdings Financial Report 8th of May 2024 | PairCorr |
| 0.68 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Daily Journal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daily Journal 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 Daily Journal - 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 Daily Journal Corp to buy it.
The correlation of Daily Journal 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 Daily Journal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daily Journal Corp 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 Daily Journal 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 Daily Journal Valuation and Daily Journal Correlation analysis. Note that the Daily Journal Corp information on this page should be used as a complementary analysis to other Daily Journal'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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Daily Stock analysis
When running Daily Journal's price analysis, check to measure Daily Journal'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 Daily Journal is operating at the current time. Most of Daily Journal's value examination focuses on studying past and present price action to predict the probability of Daily Journal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daily Journal's price. Additionally, you may evaluate how the addition of Daily Journal to your portfolios can decrease your overall portfolio volatility.
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Is Daily Journal'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 Daily Journal. If investors know Daily 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 Daily Journal 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 (0.29) | Earnings Share 11.8 | Revenue Per Share 51.852 | Quarterly Revenue Growth 0.3 | Return On Assets 0.0179 |
The market value of Daily Journal Corp is measured differently than its book value, which is the value of Daily that is recorded on the company's balance sheet. Investors also form their own opinion of Daily Journal's value that differs from its market value or its book value, called intrinsic value, which is Daily Journal'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 Daily Journal's market value can be influenced by many factors that don't directly affect Daily Journal'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 Daily Journal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daily Journal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daily Journal'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.