Dana (Germany) Market Value
| 4DH Stock | EUR 11.60 0.20 1.75% |
| 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.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Dana on March 25, 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 DENSO CORP, Bridgestone, and LKQ. 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 | (0.04) | |||
| Maximum Drawdown | 9.01 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 3.57 |
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 | 0.0067 | |||
| Jensen Alpha | 0.0343 | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.022 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Dana's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Dana Inc Backtested Returns
Dana Inc secures Sharpe Ratio (or Efficiency) of -0.0251, which denotes the company had a -0.0251% 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 Variance of 4.94, mean deviation of 1.74, and Standard Deviation of 2.22 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dana are expected to decrease at a much lower rate. During the bear market, Dana is likely to outperform the market. Dana Inc has an expected return of -0.055%. Please make sure to confirm Dana Inc 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 | -0.31 |
Poor reverse predictability
Dana Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Dana time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 -0.31 indicates that nearly 31.0% of current Dana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Dana in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Dana's short interest history, or implied volatility extrapolated from Dana options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Dana Correlation, Dana Volatility and Dana Alpha and Beta module to complement your research on Dana. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Dana Stock analysis
When running Dana's price analysis, check to measure Dana's 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 is operating at the current time. Most of Dana's value examination focuses on studying past and present price action to predict the probability of Dana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dana's price. Additionally, you may evaluate how the addition of Dana to your portfolios can decrease your overall portfolio volatility.
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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.