Dada Nexus Earnings Estimate

No earning estimates are available for Dada Nexus -- either current or for the upcoming years. Earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock fails to match professional earnings estimates, it usually performs purely. That's referred by wall street as a 'negative surprise.' If Dada Nexus 'beats' future estimates it's usually called an 'upside surprise.'
  

About Dada Nexus Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Dada Nexus earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Dada Nexus estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Dada Nexus fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Dada Nexus Limited operates a platform of local on-demand retail and delivery in the Peoples Republic of China. The company was incorporated in 2014 and is headquartered in Shanghai, the Peoples Republic of China. Dada Nexus operates under Internet Retail classification in the United States and is traded on NASDAQ Exchange. It employs 3132 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dada Nexus without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Dada Nexus

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 Dada Nexus 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 Dada Nexus will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dada Nexus

+0.61HPQHp Inc TrendingPairCorr
The ability to find closely correlated positions to Dada Nexus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dada Nexus 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 Dada Nexus - 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 Dada Nexus to buy it.
The correlation of Dada Nexus is a statistical measure of how it moves in relation to other equities. 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 Dada Nexus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dada Nexus 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 Dada Nexus 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.
Pair CorrelationCorrelation Matching
Continue to Investing Opportunities. Note that the Dada Nexus information on this page should be used as a complementary analysis to other Dada Nexus' 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

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Is Dada Nexus' 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 Dada Nexus. If investors know Dada Nexus 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 Dada Nexus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Dada Nexus is measured differently than its book value, which is the value of Dada Nexus that is recorded on the company's balance sheet. Investors also form their own opinion of Dada Nexus' value that differs from its market value or its book value, called intrinsic value, which is Dada Nexus' 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 Dada Nexus' market value can be influenced by many factors that don't directly affect Dada Nexus' 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 Dada Nexus' value and its price as these two are different measures arrived at by different means. Investors typically determine Dada Nexus value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dada Nexus' 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.