Daqo New Energy Stock Market Value
| DQ Stock | USD 22.71 0.32 1.43% |
| Symbol | Daqo |
Daqo New Energy Price To Book Ratio
Is Daqo New'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 Daqo New. If investors know Daqo 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 Daqo New 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 (0.85) | Earnings Share 5.62 | Revenue Per Share 30.897 | Quarterly Revenue Growth (0.45) | Return On Assets 0.0651 |
The market value of Daqo New Energy is measured differently than its book value, which is the value of Daqo that is recorded on the company's balance sheet. Investors also form their own opinion of Daqo New's value that differs from its market value or its book value, called intrinsic value, which is Daqo New'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 Daqo New's market value can be influenced by many factors that don't directly affect Daqo New'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 Daqo New's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daqo New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daqo New'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.
Daqo New '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 Daqo New's 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 Daqo New.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Daqo New on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Daqo New Energy or generate 0.0% return on investment in Daqo New over 30 days. Daqo New is related to or competes with Axcelis Technologies, Kulicke, Ultra Clean, Cohu, Amtech Systems, Aehr Test, and Photronics. Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon to photovoltaic product manufa... More
Daqo New 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 Daqo New's 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 Daqo New Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.0238 | |||
| Maximum Drawdown | 15.66 | |||
| Value At Risk | (6.30) | |||
| Potential Upside | 7.03 |
Daqo New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Daqo New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Daqo New's standard deviation. In reality, there are many statistical measures that can use Daqo New historical prices to predict the future Daqo New's volatility.| Risk Adjusted Performance | 0.0348 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.025 | |||
| Treynor Ratio | 0.0537 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Daqo New's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Daqo New Energy Backtested Returns
Daqo New appears to be not too volatile, given 3 months investment horizon. Daqo New Energy secures Sharpe Ratio (or Efficiency) of 0.0716, which denotes the company had a 0.0716% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Daqo New Energy, which you can use to evaluate the volatility of the firm. Please utilize Daqo New's Mean Deviation of 2.82, downside deviation of 3.44, and Coefficient Of Variation of 2335.4 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Daqo New holds a performance score of 5. The firm shows a Beta (market volatility) of 2.69, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Daqo New will likely underperform. Please check Daqo New's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Daqo New's price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Daqo New Energy has poor reverse predictability. Overlapping area represents the amount of predictability between Daqo New time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Daqo New Energy price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Daqo New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 2.81 |
Daqo New Energy lagged returns against current returns
Autocorrelation, which is Daqo New 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 Daqo New's stock expected returns. We can calculate the autocorrelation of Daqo New returns to help us make a trade decision. For example, suppose you find that Daqo New 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 |
Daqo New 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 Daqo New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Daqo New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Daqo New stock over time.
Current vs Lagged Prices |
| Timeline |
Daqo New Lagged Returns
When evaluating Daqo New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Daqo New stock have on its future price. Daqo New 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, Daqo New autocorrelation shows the relationship between Daqo New stock current value and its past values and can show if there is a momentum factor associated with investing in Daqo New Energy.
Regressed Prices |
| Timeline |
Daqo New Investors Sentiment
The influence of Daqo New'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 Daqo. 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 Daqo New's public news can be used to forecast risks associated with an investment in Daqo. The trend in average sentiment can be used to explain how an investor holding Daqo can time the market purely based on public headlines and social activities around Daqo New Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Daqo New'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 Daqo New'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 Daqo New's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Daqo New.
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 Daqo New 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, Daqo New's short interest history, or implied volatility extrapolated from Daqo New options trading.
Pair Trading with Daqo New
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 Daqo New 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 Daqo New will appreciate offsetting losses from the drop in the long position's value.Moving together with Daqo Stock
| 0.73 | ENTG | Entegris Financial Report 9th of May 2024 | PairCorr |
| 0.71 | KLAC | KLA Tencor Earnings Call This Week | PairCorr |
Moving against Daqo Stock
| 0.7 | G | Genpact Limited Financial Report 8th of May 2024 | PairCorr |
| 0.64 | III | Information Services Financial Report 13th of May 2024 | PairCorr |
| 0.6 | ACLS | Axcelis Technologies Financial Report 1st of May 2024 | PairCorr |
| 0.54 | AEHR | Aehr Test Systems Financial Report 11th of July 2024 | PairCorr |
| 0.45 | PLAB | Photronics Financial Report 22nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Daqo New could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daqo New 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 Daqo New - 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 Daqo New Energy to buy it.
The correlation of Daqo New 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 Daqo New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daqo New Energy 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 Daqo New 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 Daqo New Correlation, Daqo New Volatility and Daqo New Alpha and Beta module to complement your research on Daqo New. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Daqo Stock analysis
When running Daqo New's price analysis, check to measure Daqo New'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 Daqo New is operating at the current time. Most of Daqo New's value examination focuses on studying past and present price action to predict the probability of Daqo New's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daqo New's price. Additionally, you may evaluate how the addition of Daqo New to your portfolios can decrease your overall portfolio volatility.
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing |
Daqo New 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.