Daqo New Energy (Daqo New Energy) 6-1 Month Momentum % : 11.75% (As of Apr. 28, 2024)

View and export this data going back to 2010. Start your Free Trial

What is Daqo New Energy 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-28), Daqo New Energy's 6-1 Month Momentum % is 11.75%.

The industry rank for Daqo New Energy's 6-1 Month Momentum % or its related term are showing as below:

DQ's 6-1 Month Momentum % is ranked better than
58.13% of 972 companies
in the Semiconductors industry
Industry Median: 5.91 vs DQ: 11.75

Competitive Comparison of Daqo New Energy's 6-1 Month Momentum %

For the Semiconductor Equipment & Materials subindustry, Daqo New Energy's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Daqo New Energy's 6-1 Month Momentum % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Daqo New Energy's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Daqo New Energy's 6-1 Month Momentum % falls into.

Daqo New Energy (NYSE:DQ) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Daqo New Energy (NYSE:DQ) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Daqo New Energy 6-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Daqo New Energy's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.

Daqo New Energy (Daqo New Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Daqo New Energy Corp (NYSE:DQ) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

DQ:Mexico 5DQ2:Germany

Address

No. 838 Zhangyang Road, Room C,29th Floor, Unit 29, Huadu Mansion, Pudong, Shanghai, CHN, 200122

Website

http://www.dqsolar.com

Daqo New Energy Corp is a polysilicon manufacturer based in China. The company is engaged in the manufacturing and selling of high-purity polysilicon to photovoltaic product manufacturers who processed polysilicon into ingots, cells, and modules for solar power solutions. It offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling, and solidification needs. All of its revenues gets derived from the People's Republic of China.