Daqo Short Term Investments vs Net Receivables Analysis

DQ Stock  USD 17.51  0.11  0.63%   
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 Short Term Investments and its Net Receivables 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.

Short Term Investments vs Net Receivables

Short Term Investments vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Daqo New Energy Short Term Investments account and Net Receivables. At this time, the significance of the direction appears to have very week relationship.
The correlation between Daqo New's Short Term Investments and Net Receivables is 0.22. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Receivables 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 Short Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Daqo New Energy are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Short Term Investments i.e., Daqo New's Short Term Investments and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Term Investments

Short Term Investments is an item under the current assets section of Daqo New balance sheet. It contains any investments Daqo New Energy undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Daqo New Energy can easily liquidate in the marketplace.

Net Receivables

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 12/22/2024, 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 Revenue581.6M1.2B1.4B1.5B
Research Development6.5M10.0M10.1M10.6M

Daqo New fundamental ratios Correlations

0.950.910.930.440.390.870.70.480.91-0.610.920.960.67-0.870.880.880.96-0.20.7-0.740.880.33-0.050.060.63
0.950.920.910.560.540.920.830.620.93-0.60.910.940.72-0.880.920.890.93-0.220.63-0.770.90.520.110.120.75
0.910.920.990.520.470.990.730.61.0-0.80.990.970.8-0.990.950.990.97-0.190.78-0.840.990.630.060.170.75
0.930.910.990.480.410.970.690.540.99-0.790.990.990.78-0.980.940.980.99-0.180.79-0.820.990.550.00.160.71
0.440.560.520.480.950.580.720.990.5-0.320.440.50.39-0.460.530.440.50.00.37-0.450.460.370.23-0.030.55
0.390.540.470.410.950.540.660.950.44-0.260.380.440.34-0.40.490.390.430.040.3-0.430.410.40.26-0.050.51
0.870.920.990.970.580.540.770.660.99-0.790.970.940.79-0.980.940.980.94-0.190.75-0.840.980.70.110.180.77
0.70.830.730.690.720.660.770.740.73-0.360.680.690.51-0.710.730.70.69-0.220.45-0.530.710.620.140.250.63
0.480.620.60.540.990.950.660.740.57-0.370.510.560.45-0.530.590.520.56-0.020.41-0.50.530.460.250.030.61
0.910.931.00.990.50.440.990.730.57-0.790.990.970.79-0.990.950.990.97-0.20.77-0.830.990.630.050.180.74
-0.61-0.6-0.8-0.79-0.32-0.26-0.79-0.36-0.37-0.79-0.82-0.73-0.870.81-0.83-0.77-0.720.12-0.590.91-0.79-0.56-0.370.19-0.78
0.920.910.990.990.440.380.970.680.510.99-0.820.980.82-0.980.950.970.98-0.230.76-0.840.980.560.080.130.76
0.960.940.970.990.50.440.940.690.560.97-0.730.980.78-0.940.930.951.0-0.20.76-0.780.950.450.010.140.72
0.670.720.80.780.390.340.790.510.450.79-0.870.820.78-0.760.890.730.77-0.280.43-0.850.760.50.56-0.090.94
-0.87-0.88-0.99-0.98-0.46-0.4-0.98-0.71-0.53-0.990.81-0.98-0.94-0.76-0.91-1.0-0.940.18-0.790.83-1.0-0.680.0-0.18-0.69
0.880.920.950.940.530.490.940.730.590.95-0.830.950.930.89-0.910.90.93-0.140.68-0.890.920.580.330.010.89
0.880.890.990.980.440.390.980.70.520.99-0.770.970.950.73-1.00.90.95-0.180.8-0.81.00.66-0.050.220.66
0.960.930.970.990.50.430.940.690.560.97-0.720.981.00.77-0.940.930.95-0.190.76-0.780.950.430.00.140.71
-0.2-0.22-0.19-0.180.00.04-0.19-0.22-0.02-0.20.12-0.23-0.2-0.280.18-0.14-0.18-0.190.170.11-0.19-0.17-0.11-0.27-0.22
0.70.630.780.790.370.30.750.450.410.77-0.590.760.760.43-0.790.680.80.760.17-0.560.780.39-0.240.180.38
-0.74-0.77-0.84-0.82-0.45-0.43-0.84-0.53-0.5-0.830.91-0.84-0.78-0.850.83-0.89-0.8-0.780.11-0.56-0.82-0.59-0.380.33-0.82
0.880.90.990.990.460.410.980.710.530.99-0.790.980.950.76-1.00.921.00.95-0.190.78-0.820.670.010.20.7
0.330.520.630.550.370.40.70.620.460.63-0.560.560.450.5-0.680.580.660.43-0.170.39-0.590.670.220.30.55
-0.050.110.060.00.230.260.110.140.250.05-0.370.080.010.560.00.33-0.050.0-0.11-0.24-0.380.010.22-0.340.69
0.060.120.170.16-0.03-0.050.180.250.030.180.190.130.14-0.09-0.180.010.220.14-0.270.180.330.20.3-0.34-0.08
0.630.750.750.710.550.510.770.630.610.74-0.780.760.720.94-0.690.890.660.71-0.220.38-0.820.70.550.69-0.08
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Daqo New Account Relationship Matchups

Daqo New fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab169.5M84.9M179.0M290.4M504.8M530.0M
Total Current Liabilities445.1M284.1M550.5M734.8M836.4M878.3M
Total Stockholder Equity566.6M767.1M2.2B4.8B4.8B5.0B
Retained Earnings200.9M330.1M1.1B2.9B3.3B3.5B
Common Stock Total Equity27.3K33.4K35.0K37K42.6K24.2K
Common Stock Shares Outstanding70.0M75.0M76.8M77.3M75.0M47.8M
Other Stockholder Equity385.6M410.7M1.0B2.1B1.7B1.8B
Total Liab634.2M440.2M672.5M948.2M978.6M511.9M
Common Stock35K37K38K40K41K27.6K
Total Assets1.2B1.2B3.3B7.6B7.4B7.8B
Short Long Term Debt Total200.7M381.5M243.1M20.7M23.8M22.6M
Other Liab37.5M32.9M122.0M213.4M245.4M257.7M
Property Plant And Equipment Net995.2M1.0B1.6B2.6B3.6B3.8B
Current Deferred Revenue33.0M37.8M203.0M122.0M149.0M156.4M
Net Debt329.6M166.5M(724.0M)(3.5B)(3.0B)(2.9B)
Accounts Payable12.7M19.0M81.5M81.9M92.9M97.5M
Cash51.8M76.6M724.0M3.5B3.0B3.2B
Non Current Assets Total1.0B1.1B1.6B2.7B3.9B4.0B
Non Currrent Assets Other217K153K820K(378K)45.1M42.8M
Other Assets1.6M153K820K98.6M113.4M119.1M
Cash And Short Term Investments51.8M76.6M1.0B3.5B3.0B3.2B
Net Receivables5.7M282K365.9M1.1B116.4M132.7M
Liabilities And Stockholders Equity1.2B1.2B3.3B7.6B7.4B7.8B
Non Current Liabilities Total189.1M156.1M122.0M213.4M142.2M174.2M
Inventory36.4M42.2M327.8M169.5M173.3M181.9M
Other Current Assets15.3M54.2M45.3M74.7M239.0M250.9M
Property Plant And Equipment Gross995.2M1.0B2.0B2.6B4.2B4.4B
Total Current Assets174.3M180.3M1.7B4.9B3.6B3.8B
Accumulated Other Comprehensive Income(19.9M)26.3M67.8M(176.0M)(294.0M)(279.3M)
Short Term Debt229.9M119.9M142.9M20.7M89.8M121.8M
Intangible Assets29.6M30.8M40.7M80.3M150.4M157.9M
Property Plant Equipment995.2M1.0B1.6B2.6B3.0B3.1B
Net Tangible Assets537.0M736.3M2.1B4.8B5.5B5.8B
Long Term Investments687.1K649.8K642.0K685K616.5K624.5K
Short Long Term Debt67.4M230.6M119.8M20.7M18.6M17.7M
Capital Surpluse387.4M412.5M1.0B2.2B2.5B2.7B

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.

Moving against Daqo Stock

  0.5ICG Intchains Group TrendingPairCorr
  0.48CVV CVD EquipmentPairCorr
  0.46AIP ArterisPairCorr
  0.39MXL MaxLinearPairCorr
  0.36CAN Canaan IncPairCorr
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.
Pair CorrelationCorrelation Matching

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.