Danaos Stock Market Value
| DAC Stock | USD 79.01 0.21 0.27% |
| Symbol | Danaos |
Danaos Price To Book Ratio
Is Marine Transportation space 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 (0.07) | Dividend Share 0.8 | Earnings Share 28.89 | Revenue Per Share 51.881 | Quarterly Revenue Growth 0.071 |
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.
Danaos 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Danaos' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Danaos.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Danaos on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Danaos or generate 0.0% return on investment in Danaos over 30 days. Danaos is related to or competes with Genco Shipping, Costamare, Ardmore Shpng, Global Ship, Euroseas, Navios Maritime, and Star Bulk. Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the... More
Danaos Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Danaos' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Danaos upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 8.98 | |||
| Value At Risk | (3.14) | |||
| Potential Upside | 2.46 |
Danaos Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Danaos' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Danaos' standard deviation. In reality, there are many statistical measures that can use Danaos historical prices to predict the future Danaos' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.36) |
Danaos Backtested Returns
Danaos secures Sharpe Ratio (or Efficiency) of -0.0188, which denotes the company had a -0.0188% return per unit of risk over the last 3 months. Danaos exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Danaos' Mean Deviation of 1.16, variance of 2.56, and Standard Deviation of 1.6 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Danaos' returns are expected to increase less than the market. However, during the bear market, the loss of holding Danaos is expected to be smaller as well. At this point, Danaos has a negative expected return of -0.0304%. Please make sure to confirm Danaos' treynor ratio, skewness, rate of daily change, as well as the relationship between the value at risk and accumulation distribution , to decide if Danaos performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
Danaos has modest reverse predictability. Overlapping area represents the amount of predictability between Danaos time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Danaos price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Danaos price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 6.91 |
Danaos lagged returns against current returns
Autocorrelation, which is Danaos stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Danaos' stock expected returns. We can calculate the autocorrelation of Danaos returns to help us make a trade decision. For example, suppose you find that Danaos has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Danaos regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Danaos stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Danaos stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Danaos stock over time.
Current vs Lagged Prices |
| Timeline |
Danaos Lagged Returns
When evaluating Danaos' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Danaos stock have on its future price. Danaos autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Danaos autocorrelation shows the relationship between Danaos stock current value and its past values and can show if there is a momentum factor associated with investing in Danaos.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Danaos offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Danaos' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Danaos Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Danaos Stock:Check out Danaos Correlation, Danaos Volatility and Danaos Alpha and Beta module to complement your research on Danaos. For information on how to trade Danaos Stock refer to our How to Trade Danaos Stock guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.