| DRVN Etf | | | USD 16.64 0.07 0.42% |
Daniel JD is Portfolio Manager at Driven Brands Holdings
| Age | 44 |
| Address | 440 South Church Street, Charlotte, NC, United States, 28202 |
| Phone | 704 377 8855 |
| Web | https://www.drivenbrands.com |
Driven Brands Management Efficiency
The company has return on total asset
(ROA) of
0.0325 % which means that it generated a profit of $0.0325 on every $100 spent on assets. This is way below average. Driven Brands' management efficiency ratios could be used to measure how well Driven Brands manages its routine affairs as well as how well it operates its assets and liabilities.
Driven Brands Holdings currently holds 4.35
B in liabilities with Debt to Equity
(D/E) ratio of 2.37, implying the company greatly
relies on financing operations through barrowing. Driven Brands Holdings has a current ratio of 1.09, suggesting that it
is not liquid enough and may have problems paying out its financial obligations when due. Debt can assist Driven Brands until it has trouble settling it off, either with new capital or with free cash flow. So, Driven Brands' 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 Driven Brands Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Driven to invest in growth at high rates of return. When we think about Driven Brands' use of debt, we should always consider it together with cash and equity.
Similar Fund Executives
Driven Brands Holdings Inc., together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. Driven Brands is listed under Auto Truck Dealerships in the United States and is traded on NASDAQ Exchange exchange. Driven Brands Holdings [DRVN] is traded in USA and was established null. Driven Brands is listed under Commercial Services & Supplies category by Fama And French industry classification.
Management Performance
Driven Brands Holdings Money Managers
| Mo Khalid, Executive Maintenance | |
| Daniel JD, Executive COO | |
| Dennis Elliott, Executive MA | |
| Daniel Rivera, Ex Maintenance | |
| Kyle Marshall, Executive Services | |
| Gabriel Mendoza, Executive America | |
| Muhammed Khalid, Executive Maintenance | |
| Michael Diamond, CFO VP | |
| John Teddy, Executive America | |
| Michael Beland, Senior Officer | |
| Tiffany Mason, CFO VP | |
| Scott OMelia, General VP | |
| Michael Macaluso, Collision Paint | |
| Joel Arnao, Treasury FPA | |
| Matt Meier, Chief VP | |
| Kristine Moser, VP Communications | |
| Tracy Gehlan, President International | |
| Gary Ferrera, Executive CFO | |
| Jonathan Fitzpatrick, CEO President | |
Driven Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is Driven Brands a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Pair Trading with Driven Brands
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 Driven Brands 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 Driven Brands will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Driven Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Driven Brands 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 Driven Brands - 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 Driven Brands Holdings to buy it.
The correlation of Driven Brands 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 Driven Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Driven Brands Holdings 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 Driven Brands 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.
Other Information on Investing in Driven Etf
Driven Brands financial ratios help investors to determine whether Driven Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Driven with respect to the benefits of owning Driven Brands security.