Daqo New Energy Stock Market Value
| DQ Stock | USD 18.80 0.41 2.13% |
| Symbol | Daqo |
Daqo New Energy Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 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 (0.93) | Earnings Share (1.68) | Revenue Per Share 19.564 | Quarterly Revenue Growth (0.59) | Return On Assets (0.02) |
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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Daqo New on December 6, 2022 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 720 days. Daqo New is related to or competes with IPG Photonics, and Applied Materials. 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 | 6.69 | |||
| Information Ratio | 0.0646 | |||
| Maximum Drawdown | 38.84 | |||
| Value At Risk | (7.04) | |||
| Potential Upside | 9.83 |
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 | 0.0738 | |||
| Jensen Alpha | 0.573 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0627 | |||
| Treynor Ratio | (2.00) |
Daqo New Energy Backtested Returns
Daqo New appears to be somewhat reliable, given 3 months investment horizon. Daqo New Energy secures Sharpe Ratio (or Efficiency) of 0.0897, which denotes the company had a 0.0897% return per unit of risk over the last 3 months. By reviewing Daqo New's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Daqo New's Downside Deviation of 6.69, coefficient of variation of 1179.39, and Mean Deviation of 4.74 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 7. The firm shows a Beta (market volatility) of -0.27, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Daqo New are expected to decrease at a much lower rate. During the bear market, Daqo New is likely to outperform the market. 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 | 0.35 |
Below average predictability
Daqo New Energy has below average predictability. Overlapping area represents the amount of predictability between Daqo New time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Daqo New Energy price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Daqo New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 13.82 |
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 |
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 against Daqo Stock
| 0.71 | ASYS | Amtech Systems Fiscal Year End 12th of December 2024 | PairCorr |
| 0.68 | ICG | Intchains Group | PairCorr |
| 0.55 | BKRKY | Bank Rakyat | PairCorr |
| 0.49 | TER | Teradyne | PairCorr |
| 0.45 | ACLS | Axcelis Technologies | 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.Additional 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.