Danaos Historical Valuation
| DAC Stock | USD 74.33 0.44 0.60% |
Some fundamental drivers such as market cap or Danaos enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Danaos valuation indicators such as Enterprise Value of 1.9 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Danaos's future value.
Danaos |
About Danaos Valuation Data Analysis
Valuation is the financial process of determining what Danaos is worth. Danaos valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Danaos valuation ratios help investors to determine whether Danaos Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Danaos with respect to the benefits of owning Danaos security.
Danaos Valuation Data Chart
Danaos valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of Danaos equity instrument and the benefits of owning shares of Danaos.
The current year's Market Cap is expected to grow to about 1.5 B. The current year's Enterprise Value is expected to grow to about 1.9 B Enterprise Value
Enterprise Value (or EV) is usually referred to as Danaos theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Danaos debt, but would also pocket its cash. Enterprise Value is more accurate representation of Danaos value than its market capitalization because it takes into account all of Danaos existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with Danaos
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 Danaos 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 Danaos will appreciate offsetting losses from the drop in the long position's value.Moving against Danaos Stock
| 0.7 | HSHP | Himalaya Shipping Potential Growth | PairCorr |
| 0.66 | EDRY | EuroDry Financial Report 20th of May 2024 | PairCorr |
| 0.65 | SFL | SFL Corporation | PairCorr |
| 0.62 | SB | Safe Bulkers Financial Report 8th of May 2024 | PairCorr |
| 0.58 | GOGL | Golden Ocean Group Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Danaos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danaos 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 Danaos - 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 Danaos to buy it.
The correlation of Danaos 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 Danaos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Danaos 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 Danaos 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 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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.