Dana Small Cap Fund Chance Of Distress
| DSCIX Fund | USD 13.33 0.26 1.99% |
Dana |
Dana Small Cap Mutual Fund chance of distress Analysis
Dana Small's 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 Small Probability Of Bankruptcy | Less than 21% |
Most of Dana Small's 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 Small Cap is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Dana Small 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 Small 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 Small Cap financial health.
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 Small Cap has a Probability Of Bankruptcy of 21.0%. This is much higher than that of the Dana Investment family and significantly higher than that of the Small Growth category. The probability of bankruptcy for all United States funds is notably lower than that of the firm.
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 Small's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Dana Small could also be used in its relative valuation, which is a method of valuing Dana Small by comparing valuation metrics of similar companies.Dana Small is currently under evaluation in probability of bankruptcy among similar funds.
Dana Fundamentals
| Price To Earning | 20.34 X | ||||
| Price To Book | 2.67 X | ||||
| Price To Sales | 1.63 X | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 1.52 % | ||||
| One Year Return | 11.08 % | ||||
| Three Year Return | 0.60 % | ||||
| Five Year Return | 7.41 % | ||||
| Net Asset | 27.55 M | ||||
| Minimum Initial Investment | 1000 K | ||||
| Last Dividend Paid | 0.01 | ||||
| Cash Position Weight | 0.64 % | ||||
| Equity Positions Weight | 99.36 % |
About Dana Small Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dana Small Cap's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dana Small using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dana Small Cap based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, 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 Small
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 Small 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 Small will appreciate offsetting losses from the drop in the long position's value.Moving together with Dana Mutual Fund
| 0.86 | DLCIX | Dana Large Cap | PairCorr |
| 0.86 | DLCEX | Dana Large Cap | PairCorr |
| 0.91 | ESGIX | Dana Epiphany Esg | PairCorr |
| 0.98 | VSGAX | Vanguard Small Cap | PairCorr |
The ability to find closely correlated positions to Dana Small 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 Small 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 Small - 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 Small Cap to buy it.
The correlation of Dana Small 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 Small moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dana Small Cap 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 Small 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 Small Cap. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.