Daqo Average Inventory vs Book Value Per Share Analysis
DQ Stock | USD 18.39 0.05 0.27% |
Daqo New financial indicator trend analysis is much more than just examining Daqo New Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Daqo New Energy is a good investment. Please check the relationship between Daqo New Average Inventory and its Book Value Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daqo New Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
Average Inventory vs Book Value Per Share
Average Inventory vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Daqo New Energy Average Inventory account and Book Value Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Daqo New's Average Inventory and Book Value Per Share is -0.21. Overlapping area represents the amount of variation of Average Inventory that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Daqo New Energy, assuming nothing else is changed. The correlation between historical values of Daqo New's Average Inventory and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Inventory of Daqo New Energy are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Average Inventory i.e., Daqo New's Average Inventory and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Average Inventory
The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most indicators from Daqo New's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Daqo New Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daqo New Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. At this time, Daqo New's Selling General Administrative is relatively stable compared to the past year. As of 12/15/2024, Tax Provision is likely to grow to about 310.7 M, while Discontinued Operations is likely to drop (133.2 K).
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 581.6M | 1.2B | 1.4B | 1.5B | Research Development | 6.5M | 10.0M | 10.1M | 10.6M |
Daqo New fundamental ratios Correlations
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Daqo New Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Daqo New fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Other Current Liab | 169.5M | 84.9M | 179.0M | 290.4M | 504.8M | 530.0M | |
Total Current Liabilities | 445.1M | 284.1M | 550.5M | 734.8M | 836.4M | 878.3M | |
Total Stockholder Equity | 566.6M | 767.1M | 2.2B | 4.8B | 4.8B | 5.0B | |
Retained Earnings | 200.9M | 330.1M | 1.1B | 2.9B | 3.3B | 3.5B | |
Common Stock Total Equity | 27.3K | 33.4K | 35.0K | 37K | 42.6K | 24.2K | |
Common Stock Shares Outstanding | 70.0M | 75.0M | 76.8M | 77.3M | 75.0M | 47.8M | |
Other Stockholder Equity | 385.6M | 410.7M | 1.0B | 2.1B | 1.7B | 1.8B | |
Total Liab | 634.2M | 440.2M | 672.5M | 948.2M | 978.6M | 511.9M | |
Common Stock | 35K | 37K | 38K | 40K | 41K | 27.6K | |
Total Assets | 1.2B | 1.2B | 3.3B | 7.6B | 7.4B | 7.8B | |
Short Long Term Debt Total | 200.7M | 381.5M | 243.1M | 20.7M | 23.8M | 22.6M | |
Other Liab | 37.5M | 32.9M | 122.0M | 213.4M | 245.4M | 257.7M | |
Property Plant And Equipment Net | 995.2M | 1.0B | 1.6B | 2.6B | 3.6B | 3.8B | |
Current Deferred Revenue | 33.0M | 37.8M | 203.0M | 122.0M | 149.0M | 156.4M | |
Net Debt | 329.6M | 166.5M | (724.0M) | (3.5B) | (3.0B) | (2.9B) | |
Accounts Payable | 12.7M | 19.0M | 81.5M | 81.9M | 92.9M | 97.5M | |
Cash | 51.8M | 76.6M | 724.0M | 3.5B | 3.0B | 3.2B | |
Non Current Assets Total | 1.0B | 1.1B | 1.6B | 2.7B | 3.9B | 4.0B | |
Non Currrent Assets Other | 217K | 153K | 820K | (378K) | 45.1M | 42.8M | |
Other Assets | 1.6M | 153K | 820K | 98.6M | 113.4M | 119.1M | |
Cash And Short Term Investments | 51.8M | 76.6M | 1.0B | 3.5B | 3.0B | 3.2B | |
Net Receivables | 5.7M | 282K | 365.9M | 1.1B | 116.4M | 132.7M | |
Liabilities And Stockholders Equity | 1.2B | 1.2B | 3.3B | 7.6B | 7.4B | 7.8B | |
Non Current Liabilities Total | 189.1M | 156.1M | 122.0M | 213.4M | 142.2M | 174.2M | |
Inventory | 36.4M | 42.2M | 327.8M | 169.5M | 173.3M | 181.9M | |
Other Current Assets | 15.3M | 54.2M | 45.3M | 74.7M | 239.0M | 250.9M | |
Property Plant And Equipment Gross | 995.2M | 1.0B | 2.0B | 2.6B | 4.2B | 4.4B | |
Total Current Assets | 174.3M | 180.3M | 1.7B | 4.9B | 3.6B | 3.8B | |
Accumulated Other Comprehensive Income | (19.9M) | 26.3M | 67.8M | (176.0M) | (294.0M) | (279.3M) | |
Short Term Debt | 229.9M | 119.9M | 142.9M | 20.7M | 89.8M | 121.8M | |
Intangible Assets | 29.6M | 30.8M | 40.7M | 80.3M | 150.4M | 157.9M | |
Property Plant Equipment | 995.2M | 1.0B | 1.6B | 2.6B | 3.0B | 3.1B | |
Net Tangible Assets | 537.0M | 736.3M | 2.1B | 4.8B | 5.5B | 5.8B | |
Long Term Investments | 687.1K | 649.8K | 642.0K | 685K | 616.5K | 624.5K | |
Short Long Term Debt | 67.4M | 230.6M | 119.8M | 20.7M | 18.6M | 17.7M | |
Capital Surpluse | 387.4M | 412.5M | 1.0B | 2.2B | 2.5B | 2.7B |
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.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.