Danaos Stock Chance of Future Stock Price Finishing Over 70.41
| DAC Stock | USD 76.55 0.17 0.22% |
Danaos |
Danaos Target Price Odds to finish over 70.41
The tendency of Danaos Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 70.41 in 90 days |
| 76.55 | 90 days | 70.41 | about 89.54 |
Based on a normal probability distribution, the odds of Danaos to stay above $ 70.41 in 90 days from now is about 89.54 (This Danaos probability density function shows the probability of Danaos Stock to fall within a particular range of prices over 90 days) . Probability of Danaos price to stay between $ 70.41 and its current price of $76.55 at the end of the 90-day period is about 88.26 .
Considering the 90-day investment horizon Danaos has a beta of 0.58 suggesting as returns on the market go up, Danaos average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Danaos will be expected to be much smaller as well. Additionally Danaos has an alpha of 0.0517, implying that it can generate a 0.0517 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Danaos Price Density |
| Price |
Predictive Modules for Danaos
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Danaos. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Danaos' 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.
Danaos Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Danaos is not an exception. The market had few large corrections towards the Danaos' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Danaos, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Danaos within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | 0.58 | |
σ | Overall volatility | 1.76 | |
Ir | Information ratio | 0.03 |
Danaos Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Danaos for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Danaos can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Danaos has a strong financial position based on the latest SEC filings | |
| About 49.0% of the company shares are held by company insiders | |
| On 14th of March 2024 Danaos paid $ 0.8 per share dividend to its current shareholders |
Danaos Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Danaos Stock often depends not only on the future outlook of the current and potential Danaos' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Danaos' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 19.9 M | |
| Cash And Short Term Investments | 357.8 M |
Danaos Technical Analysis
Danaos' future price can be derived by breaking down and analyzing its technical indicators over time. Danaos Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Danaos. In general, you should focus on analyzing Danaos Stock price patterns and their correlations with different microeconomic environments and drivers.
Danaos Predictive Forecast Models
Danaos' time-series forecasting models is one of many Danaos' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Danaos' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Danaos
Checking the ongoing alerts about Danaos for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Danaos help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Danaos has a strong financial position based on the latest SEC filings | |
| About 49.0% of the company shares are held by company insiders | |
| On 14th of March 2024 Danaos paid $ 0.8 per share dividend to its current shareholders |
Check out Danaos Backtesting, Danaos Valuation, Danaos Correlation, Danaos Hype Analysis, Danaos Volatility, Danaos History as well as Danaos Performance. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide.Note that the Danaos information on this page should be used as a complementary analysis to other Danaos' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. 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 Danaos Stock analysis
When running Danaos' price analysis, check to measure Danaos' 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 Danaos is operating at the current time. Most of Danaos' value examination focuses on studying past and present price action to predict the probability of Danaos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danaos' price. Additionally, you may evaluate how the addition of Danaos to your portfolios can decrease your overall portfolio volatility.
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Is Danaos' industry 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 Danaos. If investors know Danaos 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 Danaos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Danaos is measured differently than its book value, which is the value of Danaos that is recorded on the company's balance sheet. Investors also form their own opinion of Danaos' value that differs from its market value or its book value, called intrinsic value, which is Danaos' 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 Danaos' market value can be influenced by many factors that don't directly affect Danaos' 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 Danaos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Danaos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Danaos' 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.