Dana Financial Statements From 2010 to 2024
Dana Resources financial statements provide useful quarterly and yearly information to potential Dana Resources investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Dana Resources financial statements helps investors assess Dana Resources' valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Dana Resources' valuation are summarized below:Dana Resources does not presently have any fundamental signals for analysis.
Check 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.
Check Dana Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Dana Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . Dana financial statements analysis is a perfect complement when working with Dana Resources Valuation or Volatility modules.
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Dana Resources Company Shares Outstanding Analysis
Dana Resources' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Dana Resources Shares Outstanding | 88.44 M |
Most of Dana Resources' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Dana Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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Based on the latest financial disclosure, Dana Resources has 88.44 M of shares currently outstending. This is 85.6% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The shares outstanding for all United States stocks is 84.53% higher than that of the company.
Dana Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Dana Resources's current stock value. Our valuation model uses many indicators to compare Dana Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Dana Resources competition to find correlations between indicators driving Dana Resources's intrinsic value. More Info.Dana Resources is rated # 3 in return on equity category among its peers. It also is rated # 3 in return on asset category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Dana Resources by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.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.
Dana Resources, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Peru. Dana Resources was founded in 2006 and is based in Miraflores, Peru. DANA RESOURCES is traded on PNK Exchange in the United States.
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.