Diodes Incorporated Stock Market Value
| DIOD Stock | USD 72.68 1.38 1.94% |
| 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.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Diodes Incorporated on March 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 Danaher, HP, and Merck. 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.
| Downside Deviation | 2.24 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 9.51 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 4.19 |
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 | 0.0133 | |||
| Jensen Alpha | 0.0176 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.15) |
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
We consider Diodes Incorporated very steady. Diodes Incorporated secures Sharpe Ratio (or Efficiency) of 0.0333, which denotes the company had a 0.0333% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Diodes Incorporated, which you can use to evaluate the volatility of the firm. Please confirm Diodes Incorporated's Coefficient Of Variation of 10207.86, mean deviation of 1.68, and Downside Deviation of 2.24 to check if the risk estimate we provide is consistent with the expected return of 0.0736%. Diodes Incorporated has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0773, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Diodes Incorporated are expected to decrease at a much lower rate. During the bear market, Diodes Incorporated is likely to outperform the market. Diodes Incorporated right now shows a risk of 2.21%. Please confirm Diodes Incorporated downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to decide if Diodes Incorporated will be following its price patterns.
Auto-correlation | 0.62 |
Good predictability
Diodes Incorporated has good predictability. Overlapping area represents the amount of predictability between Diodes Incorporated time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th of April 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 0.62 indicates that roughly 62.0% of current Diodes Incorporated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 2.32 |
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 |
Diodes Incorporated Investors Sentiment
The influence of Diodes Incorporated's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Diodes. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Diodes Incorporated's public news can be used to forecast risks associated with an investment in Diodes. The trend in average sentiment can be used to explain how an investor holding Diodes can time the market purely based on public headlines and social activities around Diodes Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Diodes Incorporated's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Diodes Incorporated's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Diodes Incorporated's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Diodes Incorporated.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Diodes Incorporated in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Diodes Incorporated's short interest history, or implied volatility extrapolated from Diodes Incorporated options trading.
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.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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Diodes Stock analysis
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.