Does A Custom Domain Carry The Same DA And Ranking Power As A Subdomain On The Root Site?

In episode 101 of our weekly Hump Day Hangouts, one participant asked if a custom domain carries the same domain authority (DA) and ranking power as a subdomain on a root site.

The exact question was:

I purchased a custom webs.com domain based on your suggestions last week. Thank You. Does a custom domain like this carry the same DA and ranking power as a subdomain on the root site?

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