Danaos Corporation (DAC)
Danaos Corporation Beneish M-Score: -2.674
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DAC Beneish M-Score Rankings
| Overall | 55th percentile | 1655 of 3761 |
| Sector | 54th percentile | 354 of 782 in Services |
| Industry | 57th percentile | 17 of 40 in Shipping |
DAC Beneish M-Score Range, Past 5 Years
| Minimum | -3.415 | Jun 2007 |
| Maximum | -1.584 | Dec 2007 |
| Average | -2.423 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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DAC News
Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2012
May 09, 4:05PM Marketwire
May 09, 4:05PM Marketwire
Danaos Corporation Adds One More 13,100 TEU Containership to Its Fleet and Sells 28-Year-Old Vessel
May 07, 4:05PM Marketwire
May 07, 4:05PM Marketwire
Danaos Corporation Announces Date for the Release of First Quarter 2012 Results, Conference Call and Webcast
Apr 27, 11:00AM Marketwire
Apr 27, 11:00AM Marketwire
$DAC forms bullish "Continuation Wedge" chart pattern. http://stks.co/3LXz
about 45 days ago by RecogniaEvents
about 45 days ago by RecogniaEvents
Access Conference Material and Interviews -- 6th Capital Link Shipping Forum New York
Mar 28, 8:50AM Marketwire
Mar 28, 8:50AM Marketwire
Danaos Corporation Announces Participation at Investor Conferences in New York City
Mar 12, 4:05PM Marketwire
Mar 12, 4:05PM Marketwire
RT @iwintrader Increased shipments on the Asia-Europe routes continues to boost container activity and rates $CMRE $SSW $DAC
about 82 days ago by iamspinner
about 82 days ago by iamspinner
$DAC Reports Q4 EPS $0.15 vs $0.14 Est; Revenues $128.30M vs $130.45M Est
about 97 days ago by Benzinga
about 97 days ago by Benzinga
Danaos Corporation Reports Fourth Quarter and Full Year Results for the Year Ended December 31, 2011
Feb 21, 4:05PM Marketwire
Feb 21, 4:05PM Marketwire
Capital Link to Host Webinar on the Container Market's 2012 Prospects, Challenges, and Outlook
Jan 19, 9:59AM Marketwire
Jan 19, 9:59AM Marketwire
Danaos Corporation Reports Third Quarter and Nine Months Results for the Period Ended September 30, 2011
Nov 07, 4:05PM Marketwire
Nov 07, 4:05PM Marketwire
Danaos Corporation to Participate at the Jefferies 2011 Global Shipping Conference
Sep 01, 4:05PM Marketwire
Sep 01, 4:05PM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DAC | 4.06 | +0.06 | +1.50% | 442.58M |
| D | 52.55 | +0.05 | +0.10% | 29.99B |
| CZZ | 11.90 | +0.13 | +1.10% | 2.075B |
| CZWI | 6.15 | +0.10 | +1.65% | 31.43M |
| CZR | 12.50 | -0.22 | -1.73% | |
| CZNC | 17.41 | -0.12 | -0.68% | 212.40M |
| CZFC | 8.00 | +0.00 | +0.00% | 15.76M |
| CZA | 31.37 | +0.07 | +0.24% | |
| CYTX | 2.18 | +0.04 | +1.87% | 126.29M |
| CYTR | 3.45 | +0.20 | +6.15% | 73.17M |