Dana (Germany) Market Value
| 4DH Stock | EUR 9.00 0.10 1.10% |
| Symbol | Dana |
Dana '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's 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.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Dana on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Dana Inc or generate 0.0% return on investment in Dana over 30 days. Dana is related to or competes with CarsalesCom, PLAY2CHILL, Universal Display, and Fast Retailing. Dana Incorporated provides drive and motion products, sealing solutions, thermal-management technologies, and fluid-powe... More
Dana 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's 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 Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 24.15 | |||
| Value At Risk | (5.62) | |||
| Potential Upside | 5.26 |
Dana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dana's standard deviation. In reality, there are many statistical measures that can use Dana historical prices to predict the future Dana's volatility.| Risk Adjusted Performance | 0.0065 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.02) |
Dana Inc Backtested Returns
Dana Inc secures Sharpe Ratio (or Efficiency) of -0.0137, which denotes the company had a -0.0137% return per unit of risk over the last 3 months. Dana Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dana's Standard Deviation of 4.08, mean deviation of 2.8, and Variance of 16.68 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.03, which means a somewhat significant risk relative to the market. Dana returns are very sensitive to returns on the market. As the market goes up or down, Dana is expected to follow. At this point, Dana Inc has a negative expected return of -0.0567%. Please make sure to confirm Dana's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Dana Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Dana Inc has below average predictability. Overlapping area represents the amount of predictability between Dana time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Inc price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Dana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Dana Inc lagged returns against current returns
Autocorrelation, which is Dana 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's stock expected returns. We can calculate the autocorrelation of Dana returns to help us make a trade decision. For example, suppose you find that Dana 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dana stock over time.
Current vs Lagged Prices |
| Timeline |
Dana Lagged Returns
When evaluating Dana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dana stock have on its future price. Dana 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 autocorrelation shows the relationship between Dana stock current value and its past values and can show if there is a momentum factor associated with investing in Dana Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Dana Stock
When determining whether Dana Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dana's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dana Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dana Inc Stock:Check out Dana Correlation, Dana Volatility and Dana Alpha and Beta module to complement your research on Dana. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Dana technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.