Daqo New Correlations

DQ
 Stock
  

USD 64.53  2.29  3.43%   

The correlation of Daqo New is a statistical measure of how it moves in relation to other equities. 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.
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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.

Moving together with Daqo New

0.67ACMRAcm ResearchPairCorr

Moving against Daqo New

0.73CLRDCleardayPairCorr
0.65AMATApplied Materials Fiscal Year End 17th of November 2022 PairCorr
0.57ENTGEntegrisPairCorr
0.54ASMIYASM INTERNATIONALPairCorr
0.51ASYSAmtech Systems Earnings Call  This WeekPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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DDINTC
SBUXAEHR
DDASML
DDXOM
  
High negative correlations   
VZAEHR
ASMLVZ
INTCSBUX
SBUXVZ
HPQSBUX
DDSBUX

Daqo New Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Daqo New stock performing well and Daqo New company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Daqo New's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
PFE 1.29  0.04  0.02  0.04  1.67  0.0261 (1.25)  2.93 (2.43)  7.74 
XOM 2.10  0.06  0.02  0.05  2.98  0.0228 (1.93)  3.97 (4.21)  11.86 
AEHR 4.74  1.10  0.20  0.46  4.48  0.17 (5.18)  9.34 (8.42)  34.89 
VZ 0.97 (0.05)  0.00 (0.15)  0.00 (0.0256)  0.00  2.04 (2.43)  10.04 
SBUX 1.89  0.28  0.11  0.17  2.13  0.1 (1.92)  4.12 (4.21)  14.93 
ASML 2.71  0.10  0.02  0.03  3.25  0.0245 (2.87)  5.25 (5.47)  12.34 
HPQ 2.06 (0.13)  0.00 (0.10)  0.00 (0.05)  0.00  4.02 (4.31)  12.62 
INTC 1.78 (0.30)  0.00 (0.28)  0.00 (0.13)  0.00  3.14 (3.61)  12.47 
DD 1.66 (0.13)  0.00 (0.12)  0.00 (0.06)  0.00  3.56 (3.83)  9.52 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Daqo New without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Daqo New Corporate Directors

Daqo New corporate directors refer to members of a Daqo New board of directors. The board of directors generally takes responsibility for the Daqo New's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Daqo New's board members must vote for the resolution. The Daqo New board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Dafeng Shi - DirectorProfile
Shuming Zhao - Independent DirectorProfile
Fumin Zhuo - Independent DirectorProfile
Xiang Xu - DirectorProfile

Invested in Daqo New Energy?

You need to understand the risk of investing before taking a position in Daqo New. The danger of trading Daqo New Energy is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Daqo New is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Daqo New. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Daqo New Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. Note that the Daqo New Energy information on this page should be used as a complementary analysis to other Daqo New's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Daqo New Stock analysis

When running Daqo New Energy 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 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 New 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 YOY
1.69
Market Capitalization
4.8 B
Quarterly Revenue Growth YOY
1.82
Return On Assets
0.36
Return On Equity
0.6
The market value of Daqo New Energy is measured differently than its book value, which is the value of Daqo New 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 Daqo New value 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.