Diodes Incorporated Stock Market Value
DIOD Stock | USD 70.50 0.12 0.17% |
Symbol | Diodes |
Diodes Incorporated Price To Book Ratio
Is Diodes Incorporated'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 Diodes Incorporated. If investors know Diodes 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 Diodes Incorporated 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 (0.72) | Earnings Share 4.91 | Revenue Per Share 36.28 | Quarterly Revenue Growth (0.35) | Return On Assets 0.0672 |
The market value of Diodes Incorporated is measured differently than its book value, which is the value of Diodes that is recorded on the company's balance sheet. Investors also form their own opinion of Diodes Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Diodes Incorporated'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 Diodes Incorporated's market value can be influenced by many factors that don't directly affect Diodes Incorporated'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 Diodes Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diodes Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diodes Incorporated'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.
Diodes Incorporated '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 Diodes Incorporated'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 Diodes Incorporated.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Diodes Incorporated on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Diodes Incorporated or generate 0.0% return on investment in Diodes Incorporated over 30 days. Diodes Incorporated is related to or competes with Insteel Industries, Ioneer, Morgan Advanced, Transphorm Technology, and Aspen Aerogels. Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, a... More
Diodes Incorporated 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 Diodes Incorporated'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 Diodes Incorporated upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.14) | |||
Maximum Drawdown | 9.51 | |||
Value At Risk | (3.66) | |||
Potential Upside | 3.34 |
Diodes Incorporated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diodes Incorporated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diodes Incorporated's standard deviation. In reality, there are many statistical measures that can use Diodes Incorporated historical prices to predict the future Diodes Incorporated's volatility.Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.48) | |||
Total Risk Alpha | (0.67) | |||
Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Diodes Incorporated's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Diodes Incorporated Backtested Returns
Diodes Incorporated secures Sharpe Ratio (or Efficiency) of -0.0869, which denotes the company had a -0.0869% return per unit of risk over the last 3 months. Diodes Incorporated exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diodes Incorporated's Mean Deviation of 1.69, variance of 4.76, and Standard Deviation of 2.18 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.4, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Diodes Incorporated will likely underperform. Diodes Incorporated has an expected return of -0.2%. Please make sure to confirm Diodes Incorporated skewness, and the relationship between the treynor ratio and daily balance of power , to decide if Diodes Incorporated performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.23 |
Weak predictability
Diodes Incorporated has weak predictability. Overlapping area represents the amount of predictability between Diodes Incorporated time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Diodes Incorporated price movement. The serial correlation of 0.23 indicates that over 23.0% of current Diodes Incorporated price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.23 | |
Spearman Rank Test | 0.17 | |
Residual Average | 0.0 | |
Price Variance | 3.31 |
Diodes Incorporated lagged returns against current returns
Autocorrelation, which is Diodes Incorporated 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 Diodes Incorporated's stock expected returns. We can calculate the autocorrelation of Diodes Incorporated returns to help us make a trade decision. For example, suppose you find that Diodes Incorporated 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 |
Diodes Incorporated 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 Diodes Incorporated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diodes Incorporated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diodes Incorporated stock over time.
Current vs Lagged Prices |
Timeline |
Diodes Incorporated Lagged Returns
When evaluating Diodes Incorporated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diodes Incorporated stock have on its future price. Diodes Incorporated 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, Diodes Incorporated autocorrelation shows the relationship between Diodes Incorporated stock current value and its past values and can show if there is a momentum factor associated with investing in Diodes Incorporated.
Regressed Prices |
Timeline |
Pair Trading with Diodes Incorporated
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 Diodes Incorporated 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 Diodes Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving together with Diodes Stock
0.71 | MX | MagnaChip Semiconductor Financial Report 1st of May 2024 | PairCorr |
0.78 | NA | Nano Labs | PairCorr |
Moving against Diodes Stock
0.89 | TGAN | Transphorm Technology Financial Report 25th of June 2024 | PairCorr |
0.67 | NVDA | NVIDIA Financial Report 22nd of May 2024 | PairCorr |
0.56 | KLAC | KLA-Tencor Fiscal Quarter End 31st of March 2024 | PairCorr |
0.54 | MRVL | Marvell Technology Aggressive Push | PairCorr |
0.41 | MPWR | Monolithic Power Systems Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Diodes Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diodes Incorporated 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 Diodes Incorporated - 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 Diodes Incorporated to buy it.
The correlation of Diodes Incorporated 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 Diodes Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diodes Incorporated 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 Diodes Incorporated 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 Diodes Incorporated Correlation, Diodes Incorporated Volatility and Diodes Incorporated Alpha and Beta module to complement your research on Diodes Incorporated. For information on how to trade Diodes Stock refer to our How to Trade Diodes Stock guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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When running Diodes Incorporated's price analysis, check to measure Diodes Incorporated'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 Diodes Incorporated is operating at the current time. Most of Diodes Incorporated's value examination focuses on studying past and present price action to predict the probability of Diodes Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diodes Incorporated's price. Additionally, you may evaluate how the addition of Diodes Incorporated to your portfolios can decrease your overall portfolio volatility.
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Diodes Incorporated technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.