Dana Resources Stock Beta
Dana Resources fundamentals help investors to digest information that contributes to Dana Resources' financial success or failures. It also enables traders to predict the movement of Dana Stock. The fundamental analysis module provides a way to measure Dana Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dana Resources stock.
Dana | Beta |
Dana Resources Company Beta Analysis
Dana Resources' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Dana Resources Beta | -4.75 |
Most of Dana Resources' fundamental indicators, such as Beta, 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.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Dana Resources has a Beta of -4.746. This is 645.52% lower than that of the Metals & Mining sector and significantly lower than that of the Materials industry. The beta for all United States stocks is notably higher than that of the company.
Dana Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dana Resources' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Dana Resources could also be used in its relative valuation, which is a method of valuing Dana Resources by comparing valuation metrics of similar companies.Dana Resources is currently under evaluation in beta category among its peers.
As returns on the market increase, returns on owning Dana Resources are expected to decrease by larger amounts. On the other hand, during market turmoil, Dana Resources is expected to outperform it.
Dana Fundamentals
| Return On Equity | -2.38 | ||||
| Return On Asset | -1.3 | ||||
| Current Valuation | 35.38 K | ||||
| Shares Outstanding | 88.44 M | ||||
| Price To Book | 0.88 X | ||||
| Gross Profit | (100.05 K) | ||||
| EBITDA | 9.29 M | ||||
| Net Income | (347 K) | ||||
| Cash And Equivalents | 9.51 K | ||||
| Total Debt | 49 K | ||||
| Current Ratio | 0.02 X | ||||
| Book Value Per Share | (0.01) X | ||||
| Cash Flow From Operations | (333.44 K) | ||||
| Beta | -4.75 | ||||
| Market Capitalization | 79.59 K | ||||
| Total Asset | 9.37 M | ||||
| Retained Earnings | (21.05 M) | ||||
| Working Capital | (530 K) | ||||
| Current Asset | 10 K | ||||
| Current Liabilities | 540 K | ||||
| Net Asset | 9.37 M |
About Dana Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dana Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dana Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dana Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
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.