Danaos Stock Price on February 13, 2024
| DAC Stock | USD 73.89 0.93 1.27% |
Below is the normalized historical share price chart for Danaos extending back to October 06, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Danaos stands at 73.89, as last reported on the 23rd of April, with the highest price reaching 74.00 and the lowest price hitting 72.72 during the day.
If you're considering investing in Danaos Stock, it is important to understand the factors that can impact its price. Danaos secures Sharpe Ratio (or Efficiency) of -0.031, which denotes the company had a -0.031% return per unit of risk over the last 3 months. Danaos exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danaos' Mean Deviation of 0.9185, standard deviation of 1.29, and Variance of 1.67 to check the risk estimate we provide.
At present, Danaos' Stock Based Compensation is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation To Revenue is expected to grow to 0.01, whereas Common Stock Total Equity is forecasted to decline to about 222.9 K. . At present, Danaos' Price Earnings Ratio is projected to increase based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.43, whereas Price Book Value Ratio is forecasted to decline to 0.46. Danaos Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of October 2006 | 200 Day MA 69.8732 | 50 Day MA 72.2272 | Beta 1.324 |
Danaos |
Sharpe Ratio = -0.031
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| Negative Returns | DAC |
Estimated Market Risk
| 1.31 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Danaos is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Danaos by adding Danaos to a well-diversified portfolio.
Price Book 0.4652 | Enterprise Value Ebitda 2.0566 | Price Sales 1.4413 | Shares Float 10 M | Dividend Share 3.1 |
Danaos Valuation on February 13, 2024
It is possible to determine the worth of Danaos on a given historical date. On February 13, 2024 Danaos was worth 75.99 at the beginning of the trading date compared to the closed value of 74.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Danaos stock. Still, in general, we apply an absolute valuation method to find Danaos' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Danaos where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Danaos' related companies.
| Open | High | Low | Close | Volume | |
| 74.97 | 76.50 | 74.97 | 75.22 | 98,842 | |
02/13/2024 | 75.99 | 76.44 | 74.62 | 74.62 | 110,390 |
| 72.65 | 74.95 | 71.77 | 71.77 | 189,769 |
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Danaos Trading Date Momentum on February 13, 2024
| On February 14 2024 Danaos was traded for 71.77 at the closing time. Highest Danaos's price during the trading hours was 74.95 and the lowest price during the day was 71.77 . The net volume was 189.8 K. The overall trading history on the 14th of February 2024 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 3.82% . The overall trading delta to current price is 2.83% . |
Danaos Fundamentals Correlations and Trends
By evaluating Danaos' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Danaos' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Danaos financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Danaos Stock history
Danaos investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Danaos is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Danaos will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Danaos stock prices may prove useful in developing a viable investing in Danaos
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 19.9 M | 10.3 M | |
| Net Income Applicable To Common Shares | 643.1 M | 675.2 M |
Danaos Stock Technical Analysis
Danaos 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.
Price Boundaries
Danaos Period Price Range
Low | February 13, 2024
| High |
75.99 | 74.62 |
Danaos April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Danaos stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Danaos shares will generate the highest return on investment. By undertsting and applying Danaos stock market strength indicators, traders can identify Danaos entry and exit signals to maximize returns
| Accumulation Distribution | 2628.33 | |||
| Daily Balance Of Power | (0.75) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 75.53 | |||
| Day Typical Price | 75.23 | |||
| Price Action Indicator | (1.59) | |||
| Period Momentum Indicator | (0.73) |
Danaos Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Danaos' price direction in advance. Along with the technical and fundamental analysis of Danaos Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Danaos to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.14) |
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| Volatility Indicators | ||
| Volume Indicators |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Danaos. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.
Quarterly Earnings Growth 0.021 | Dividend Share 3.1 | Earnings Share 28.95 | Revenue Per Share 48.975 | Quarterly Revenue Growth (0.01) |
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.