Daqo Tangible Asset Value from 2010 to 2024
| DQ Stock | USD 23.75 0.74 3.22% |
Tangible Asset Value | First Reported 2010-12-31 | Previous Quarter 0.0 | Current Value 0.0 | Quarterly Volatility 0.0 |
Check Daqo New financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Daqo main balance sheet or income statement drivers, such as Interest Expense of 14.4 M, Other Operating Expenses of 1.7 B or Operating Income of 732.2 M, as well as many exotic indicators such as Price To Sales Ratio of 1.07, Dividend Yield of 4.0E-4 or PTB Ratio of 0.44. Daqo financial statements analysis is a perfect complement when working with Daqo New Valuation or Volatility modules.
Daqo | Tangible Asset Value |
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
| 0.75 | KLAC | KLA Tencor Earnings Call Today | PairCorr |
| 0.71 | LRCX | Lam Research Corp Financial Report 24th of July 2024 | PairCorr |
Moving against Daqo Stock
| 0.76 | AAPL | Apple Inc Earnings Call This Week | PairCorr |
| 0.72 | MX | MagnaChip Semiconductor Earnings Call This Week | PairCorr |
| 0.72 | COMM | CommScope Holding Buyout Trend | PairCorr |
| 0.71 | PANW | Palo Alto Networks Financial Report 28th of May 2024 | PairCorr |
| 0.63 | CMTL | Comtech Telecommunicatio Buyout Trend | 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 the analysis of Daqo New Correlation against competitors. 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.
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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.