Dana Inc Stock Beta
| DAN Stock | USD 12.48 0.16 1.30% |
Dana Inc fundamentals help investors to digest information that contributes to Dana's financial success or failures. It also enables traders to predict the movement of Dana Stock. The fundamental analysis module provides a way to measure Dana's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Dana stock.
Dana | Beta |
Dana Inc Company Beta Analysis
Dana's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Dana Beta | 2.49 |
Most of Dana's fundamental indicators, such as Beta, 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 Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Dana Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Dana is extremely important. It helps to project a fair market value of Dana Stock properly, considering its historical fundamentals such as Beta. Since Dana's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Dana's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Dana's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Dana Inc has a Beta of 2.493. This is 196.79% higher than that of the Automobile Components sector and 68.45% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.
Dana Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Dana's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Dana could also be used in its relative valuation, which is a method of valuing Dana by comparing valuation metrics of similar companies.Dana is currently under evaluation in beta category among related companies.
Dana Institutional Holders
Institutional Holdings refers to the ownership stake in Dana that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Dana's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Dana's value.| Shares | Nuveen Asset Management, Llc | 2023-12-31 | 2.5 M | Gabelli Funds Llc | 2023-12-31 | 2.3 M | Fisher Asset Management, Llc | 2023-12-31 | 2.2 M | American Century Companies Inc | 2023-12-31 | 2.2 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.7 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.6 M | Jacobs Levy Equity Management, Inc. | 2023-09-30 | 1.6 M | Goldman Sachs Group Inc | 2023-12-31 | 1.6 M | Northern Trust Corp | 2023-12-31 | 1.5 M | Blackrock Inc | 2023-12-31 | 24.5 M | Vanguard Group Inc | 2023-12-31 | 16.2 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Dana will likely underperform.
Dana Fundamentals
| Return On Equity | 0.0265 | ||||
| Return On Asset | 0.0285 | ||||
| Profit Margin | 0 % | ||||
| Operating Margin | 0.02 % | ||||
| Current Valuation | 4.5 B | ||||
| Shares Outstanding | 144.95 M | ||||
| Shares Owned By Insiders | 0.92 % | ||||
| Shares Owned By Institutions | 99.08 % | ||||
| Number Of Shares Shorted | 5.82 M | ||||
| Price To Earning | 23.25 X | ||||
| Price To Book | 1.11 X | ||||
| Price To Sales | 0.16 X | ||||
| Revenue | 10.55 B | ||||
| Gross Profit | 763 M | ||||
| EBITDA | 792 M | ||||
| Net Income | 48 M | ||||
| Cash And Equivalents | 425 M | ||||
| Cash Per Share | 2.68 X | ||||
| Total Debt | 2.98 B | ||||
| Debt To Equity | 1.51 % | ||||
| Current Ratio | 1.49 X | ||||
| Book Value Per Share | 10.91 X | ||||
| Cash Flow From Operations | 476 M | ||||
| Short Ratio | 3.30 X | ||||
| Earnings Per Share | 0.26 X | ||||
| Price To Earnings To Growth | 6.85 X | ||||
| Target Price | 14.57 | ||||
| Number Of Employees | 41.8 K | ||||
| Beta | 2.49 | ||||
| Market Capitalization | 1.79 B | ||||
| Total Asset | 7.96 B | ||||
| Retained Earnings | 317 M | ||||
| Working Capital | 1.5 B | ||||
| Current Asset | 2.47 B | ||||
| Current Liabilities | 1.09 B | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 1.92 % | ||||
| Net Asset | 7.96 B | ||||
| Last Dividend Paid | 0.4 |
About Dana Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Dana Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Dana using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Dana Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Dana Investors Sentiment
The influence of Dana's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Dana. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Dana's public news can be used to forecast risks associated with an investment in Dana. The trend in average sentiment can be used to explain how an investor holding Dana can time the market purely based on public headlines and social activities around Dana Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Dana's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dana's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Dana's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Dana.
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.
Pair Trading with Dana
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with Dana Stock
| 0.65 | GT | Goodyear Tire Rubber Financial Report 2nd of May 2024 | PairCorr |
| 0.87 | QS | Quantumscape Corp Earnings Call Today | PairCorr |
Moving against Dana Stock
| 0.66 | TM | Toyota Motor Financial Report 8th of May 2024 | PairCorr |
| 0.65 | ALV | Autoliv Earnings Call This Week | PairCorr |
| 0.63 | GTX | Garrett Motion Earnings Call Tomorrow | PairCorr |
| 0.59 | HOG | Harley Davidson Earnings Call Tomorrow | PairCorr |
| 0.56 | HMC | Honda Motor Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Dana 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 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 - 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 Inc to buy it.
The correlation of Dana 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dana Inc 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 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 Dana Piotroski F Score and Dana Altman Z Score analysis. Note that the Dana Inc information on this page should be used as a complementary analysis to other Dana's 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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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Is Dana's 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 Dana. If investors know Dana 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 Dana 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 2.727 | Dividend Share 0.4 | Earnings Share 0.26 | Revenue Per Share 73.096 | Quarterly Revenue Growth (0.02) |
The market value of Dana Inc is measured differently than its book value, which is the value of Dana that is recorded on the company's balance sheet. Investors also form their own opinion of Dana's value that differs from its market value or its book value, called intrinsic value, which is Dana's 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 Dana's market value can be influenced by many factors that don't directly affect Dana's 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 Dana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dana's 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.