Dana Financial Statements From 2010 to 2026
Dana Resources' financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Dana Resources' valuation are provided below:
Gross Profit | Market Capitalization |
There are over sixty-five available fundamental signals for Dana Resources, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to verify Dana Resources' prevailing fundamental performance against the performance between
2010 and 2026 to make sure the trends are evolving in the right direction. As of 01/21/2026,
Market Cap is likely to drop to about 51.3
M. In addition to that,
Enterprise Value is likely to drop to about 51.3
MCheck out the analysis of
Dana Resources Correlation against competitors.
To learn how to invest in Dana Stock, please use our
How to Invest in Dana Resources guide.
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About Dana Resources Financial Statements
Dana Resources shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Dana Resources investors may analyze each financial statement separately, they are all interrelated. The changes in Dana Resources' assets and liabilities, for example, are also reflected in the revenues and expenses on on Dana Resources' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our
fundamental analysis page.
Pair Trading with Dana Resources
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 Dana Resources 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 Dana Resources will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Dana Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dana Resources 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 Dana Resources - 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 Dana Resources to buy it.
The correlation of Dana Resources 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 Dana Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dana Resources 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 Dana Resources 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.
Additional Tools for Dana Stock Analysis
When running Dana Resources' price analysis, check to
measure Dana Resources' 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 Dana Resources is operating at the current time. Most of Dana Resources' value examination focuses on studying past and present price action to
predict the probability of Dana Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dana Resources' price. Additionally, you may evaluate how the addition of Dana Resources to your portfolios can decrease your overall portfolio volatility.