Design Return On Assets from 2010 to 2024
| DSGN Stock | USD 5.76 0.04 0.69% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter (0.23) | Current Value (0.24) | Quarterly Volatility 11.00447765 |
Check Design Therapeutics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Design Therapeutics' main balance sheet or income statement drivers, such as Depreciation And Amortization of 563.9 K, Interest Expense of 5.7 M or Selling General Administrative of 12 M, as well as many indicators such as Price To Sales Ratio of 2.5 M, Dividend Yield of 0.0 or PTB Ratio of 0.56. Design financial statements analysis is a perfect complement when working with Design Therapeutics Valuation or Volatility modules.
Design | Return On Assets |
Latest Design Therapeutics' Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Design Therapeutics over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Design Therapeutics' Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Design Therapeutics' overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
Design Return On Assets Regression Statistics
| Arithmetic Mean | (15.23) | |
| Coefficient Of Variation | (72.27) | |
| Mean Deviation | 10.02 | |
| Median | (22.74) | |
| Standard Deviation | 11.00 | |
| Sample Variance | 121.10 | |
| Range | 22.6535 | |
| R-Value | 0.82 | |
| Mean Square Error | 43.14 | |
| R-Squared | 0.67 | |
| Significance | 0.0002 | |
| Slope | 2.01 | |
| Total Sum of Squares | 1,695 |
Design Return On Assets History
About Design Therapeutics Financial Statements
Design Therapeutics investors utilize fundamental indicators, such as Return On Assets, to predict how Design Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Assets | (0.23) | (0.24) |
Pair Trading with Design Therapeutics
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 Design Therapeutics 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 Design Therapeutics will appreciate offsetting losses from the drop in the long position's value.Moving against Design Stock
| 0.68 | AZN | AstraZeneca PLC ADR | PairCorr |
| 0.61 | NVS | Novartis AG ADR Sell-off Trend | PairCorr |
| 0.57 | VALN | Valneva SE ADR | PairCorr |
| 0.57 | OGN | Organon | PairCorr |
| 0.53 | LLY | Eli Lilly | PairCorr |
The ability to find closely correlated positions to Design Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Design Therapeutics 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 Design Therapeutics - 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 Design Therapeutics to buy it.
The correlation of Design Therapeutics 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 Design Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Design Therapeutics 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 Design Therapeutics 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 the analysis of Design Therapeutics Correlation against competitors. To learn how to invest in Design Stock, please use our How to Invest in Design Therapeutics guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Biotechnology space 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 Design Therapeutics. If investors know Design 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 Design Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.85) | Revenue Per Share 0.001 | Return On Assets (0.14) | Return On Equity (0.18) |
The market value of Design Therapeutics is measured differently than its book value, which is the value of Design that is recorded on the company's balance sheet. Investors also form their own opinion of Design Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Design Therapeutics' 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 Design Therapeutics' market value can be influenced by many factors that don't directly affect Design Therapeutics' 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 Design Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Design Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Design Therapeutics' 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.