Dana Resources Stock Probability Of Bankruptcy
Dana Resources' risk of distress is under 36% at this time. It has slight likelihood of undergoing some form of financial hardship in the near future. Dana Resources' Probability of distress is determined by interpolating and adjusting Dana Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Dana balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Dana Resources Piotroski F Score and Dana Resources Altman Z Score analysis. To learn how to invest in Dana Stock, please use our How to Invest in Dana Resources guide.
Dana | Probability Of Bankruptcy |
Dana Resources Company probability of distress Analysis
Dana Resources' Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Dana Resources Probability Of Bankruptcy | Less than 36% |
Most of Dana Resources' fundamental indicators, such as Probability Of Bankruptcy, 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.
Our calculation of Dana Resources probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Dana Resources odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Dana Resources financial health.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dana Resources. If investors know Dana will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dana Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Return On Assets (1.30) | Return On Equity (2.38) |
The market value of Dana Resources is measured differently than its book value, which is the value of Dana that is recorded on the company's balance sheet. Investors also form their own opinion of Dana Resources' value that differs from its market value or its book value, called intrinsic value, which is Dana Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dana Resources' market value can be influenced by many factors that don't directly affect Dana Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dana Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dana Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dana Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Dana Resources has a Probability Of Bankruptcy of 36.0%. This is 18.81% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The probability of bankruptcy for all United States stocks is 9.62% higher than that of the company.
Dana Probability Of Bankruptcy 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 Probability Of Bankruptcy 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 probability of bankruptcy category among its peers.
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.