Dana Quick Ratio from 2010 to 2026
Dana Resources Quick Ratio yearly trend continues to be relatively stable with very little volatility. Quick Ratio is likely to drop to 0.02. Quick Ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. 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.
Quick Ratio | First Reported 2010-12-31 | Previous Quarter 0.0198 | Current Value 0.0188 | Quarterly Volatility 0.00226779 |
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 Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 4.92. Dana financial statements analysis is a perfect complement when working with Dana Resources Valuation or Volatility modules.
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Latest Dana Resources' Quick Ratio Growth Pattern
Below is the plot of the Quick Ratio of Dana Resources over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Dana Resources' Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Dana Resources' overall financial position and show how it may be relating to other accounts over time.
| Quick Ratio | 10 Years Trend |
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Quick Ratio |
| Timeline |
Dana Quick Ratio Regression Statistics
| Arithmetic Mean | 0.02 | |
| Geometric Mean | 0.02 | |
| Coefficient Of Variation | 10.72 | |
| Mean Deviation | 0 | |
| Median | 0.02 | |
| Standard Deviation | 0 | |
| Sample Variance | 0.00000514 | |
| Range | 0.0089 | |
| R-Value | 0.17 | |
| Mean Square Error | 0.00000534 | |
| R-Squared | 0.03 | |
| Significance | 0.53 | |
| Slope | 0.000074 | |
| Total Sum of Squares | 0.000082 |
Dana Quick Ratio History
About Dana Resources Financial Statements
Dana Resources shareholders use historical fundamental indicators, such as Quick Ratio, 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.
| Last Reported | Projected for Next Year | ||
| Quick Ratio | 0.02 | 0.02 |
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.