Dana Selling General Administrative vs Total Operating Expenses Analysis
DAN Stock | USD 8.61 0.33 3.99% |
Dana financial indicator trend analysis is much more than just examining Dana Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dana Inc is a good investment. Please check the relationship between Dana Selling General Administrative and its Total Operating Expenses accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Selling General Administrative vs Total Operating Expenses
Selling General Administrative vs Total Operating Expenses Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dana Inc Selling General Administrative account and Total Operating Expenses. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Dana's Selling General Administrative and Total Operating Expenses is 0.89. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Total Operating Expenses in the same time period over historical financial statements of Dana Inc, assuming nothing else is changed. The correlation between historical values of Dana's Selling General Administrative and Total Operating Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Dana Inc are associated (or correlated) with its Total Operating Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Operating Expenses has no effect on the direction of Selling General Administrative i.e., Dana's Selling General Administrative and Total Operating Expenses go up and down completely randomly.
Correlation Coefficient | 0.89 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Selling General Administrative
Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most indicators from Dana's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dana Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Dana's Discontinued Operations is very stable compared to the past year. As of the 22nd of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.07, while Selling General Administrative is likely to drop about 453.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 837M | 763M | 900M | 834.3M | Total Revenue | 8.9B | 10.2B | 10.6B | 8.3B |
Dana fundamental ratios Correlations
Click cells to compare fundamentals
Dana Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dana fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 7.2B | 7.4B | 7.6B | 7.4B | 8.0B | 6.9B | |
Short Long Term Debt Total | 2.6B | 2.7B | 2.7B | 2.7B | 3.0B | 2.3B | |
Other Current Liab | 508M | 455M | 516M | 491M | 512M | 504.9M | |
Total Current Liabilities | 1.8B | 1.9B | 2.2B | 2.5B | 2.6B | 2.2B | |
Total Stockholder Equity | 1.9B | 1.8B | 1.9B | 1.6B | 1.6B | 1.5B | |
Property Plant And Equipment Net | 2.4B | 2.4B | 2.4B | 2.5B | 2.6B | 2.0B | |
Net Debt | 2.0B | 2.1B | 2.4B | 2.3B | 2.5B | 1.3B | |
Retained Earnings | 622M | 530M | 662M | 321M | 317M | 623.5M | |
Cash | 508M | 559M | 268M | 425M | 529M | 530.5M | |
Non Current Assets Total | 4.1B | 4.1B | 4.0B | 3.6B | 3.9B | 3.8B | |
Cash And Short Term Investments | 527M | 580M | 285M | 425M | 529M | 566.1M | |
Net Receivables | 1.3B | 1.4B | 1.5B | 1.6B | 1.4B | 1.3B | |
Common Stock Shares Outstanding | 145.1M | 144.5M | 146.2M | 143.6M | 144.6M | 149.5M | |
Liabilities And Stockholders Equity | 7.2B | 7.4B | 7.6B | 7.4B | 8.0B | 6.9B | |
Non Current Liabilities Total | 3.2B | 3.4B | 3.3B | 3.2B | 3.5B | 3.0B | |
Inventory | 1.2B | 1.1B | 1.6B | 1.6B | 1.7B | 1.0B | |
Other Current Assets | 137M | 127M | 196M | 219M | 527M | 553.4M | |
Other Stockholder Equity | 2.2B | 2.3B | 2.2B | 2.2B | 2.2B | 1.3B | |
Total Liab | 5.1B | 5.4B | 5.5B | 5.7B | 6.1B | 5.3B | |
Property Plant And Equipment Gross | 2.4B | 2.4B | 2.4B | 2.5B | 5.8B | 6.1B | |
Total Current Assets | 3.2B | 3.3B | 3.6B | 3.8B | 4.1B | 3.2B | |
Accumulated Other Comprehensive Income | (987M) | (1.0B) | (985M) | (1.0B) | (990M) | (1.0B) | |
Short Term Debt | 76M | 120M | 74M | 96M | 141M | 134.0M | |
Intangible Assets | 240M | 236M | 233M | 201M | 182M | 268.7M | |
Other Assets | 700M | 1.1B | 711M | 520M | 468M | 510.1M | |
Accounts Payable | 1.3B | 1.3B | 1.6B | 1.8B | 1.8B | 1.0B | |
Short Term Investments | 40M | 21M | 19M | 17M | 15.3M | 14.5M | |
Other Liab | 693M | 847M | 690M | 536M | 482.4M | 458.3M | |
Long Term Debt | 2.3B | 2.4B | 2.4B | 2.3B | 2.6B | 1.8B | |
Good Will | 493M | 479M | 482M | 259M | 263M | 266.3M | |
Property Plant Equipment | 2.3B | 2.4B | 2.4B | 2.5B | 2.3B | 1.5B | |
Treasury Stock | (119M) | (150M) | (156M) | (184M) | (165.6M) | (157.3M) | |
Net Tangible Assets | 1.3B | 1.2B | 1.4B | 1.7B | 2.0B | 1.1B | |
Noncontrolling Interest In Consolidated Entity | 95M | 76M | 53M | 52M | 46.8M | 71.5M |
Pair Trading with Dana
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with Dana Stock
Moving against Dana Stock
0.78 | DORM | Dorman Products | PairCorr |
0.75 | FLXS | Flexsteel Industries | PairCorr |
0.67 | EVRI | Everi Holdings | PairCorr |
0.55 | BH | Biglari Holdings | PairCorr |
0.52 | WEYS | Weyco Group | PairCorr |
The ability to find closely correlated positions to Dana 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 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 - 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 Inc to buy it.
The correlation of Dana 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dana Inc 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 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Automotive Parts & Equipment 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. 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 listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.79) | Dividend Share 0.4 | Earnings Share (0.11) | Revenue Per Share 72.058 | Quarterly Revenue Growth (0.07) |
The market value of Dana Inc 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's value that differs from its market value or its book value, called intrinsic value, which is Dana's 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's market value can be influenced by many factors that don't directly affect Dana's 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's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dana's 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.