Dana Resources Stock Market Value
Dana Resources' market value is the price at which a share of Dana Resources trades on a public exchange. It measures the collective expectations of Dana Resources investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Dana Resources and determine expected loss or profit from investing in Dana Resources over a given investment horizon. Check out Dana Resources Correlation, Dana Resources Volatility and Dana Resources Alpha and Beta module to complement your research on Dana Resources. To learn how to invest in Dana Stock, please use our How to Invest in Dana Resources guide.
| Symbol | Dana |
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.
Dana Resources 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Dana Resources' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Dana Resources.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Dana Resources on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Dana Resources or generate 0.0% return on investment in Dana Resources over 390 days. Dana Resources is related to or competes with Peak Resources, and Regulus Resources. Dana Resources, an exploration stage company, engages in the acquisition, exploration, and development of mineral proper... More
Dana Resources Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Dana Resources' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Dana Resources upside and downside potential and time the market with a certain degree of confidence.
Dana Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dana Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dana Resources' standard deviation. In reality, there are many statistical measures that can use Dana Resources historical prices to predict the future Dana Resources' volatility.Dana Resources Backtested Returns
We have found zero technical indicators for Dana Resources, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which means not very significant fluctuations relative to the market. the returns on MARKET and Dana Resources are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Dana Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Dana Resources time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Dana Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Dana Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Dana Resources lagged returns against current returns
Autocorrelation, which is Dana Resources stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Dana Resources' stock expected returns. We can calculate the autocorrelation of Dana Resources returns to help us make a trade decision. For example, suppose you find that Dana Resources has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Dana Resources regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Dana Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dana Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dana Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Dana Resources Lagged Returns
When evaluating Dana Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dana Resources stock have on its future price. Dana Resources autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Dana Resources autocorrelation shows the relationship between Dana Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Dana Resources.
Regressed Prices |
| Timeline |
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.