Dana Other Stockholder Equity from 2010 to 2024
Dana Resources Other Stockholder Equity yearly trend continues to be relatively stable with very little volatility. Other Stockholder Equity is likely to drop to about -10.4 K. During the period from 2010 to 2024, Dana Resources Other Stockholder Equity destribution of quarterly values had r-value of 0.55 from its regression line and median of (11,000). View All Fundamentals
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.
Other Stockholder Equity | First Reported 2010-12-31 | Previous Quarter -9.9 K | Current Value -10.4 K | Quarterly Volatility 314.21368222 |
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 Interest Expense of 0.0, Selling General Administrative of 148.5 K or Total Revenue of 0.0, as well as many indicators such as . Dana financial statements analysis is a perfect complement when working with Dana Resources Valuation or Volatility modules.
Dana | Other Stockholder Equity |
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.