Neonode Correlations

NEON Stock

USD 1.73 0.04 2.26%

The current 90-days correlation between Neonode and Cps Technologies is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Neonode moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neonode moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Neonode Correlation With Market

Excellent diversification

The correlation between Neonode and DJI is -0.6 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neonode and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Neonode Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neonode. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.

Moving together with Neonode Stock

0.68	OBD	Obducat AB	Pair Corr
0.74	EBON	Ebang International	Pair Corr
0.8	EHGO	Eshallgo Class A	Pair Corr
0.69	ELSE	Electro Sensors	Pair Corr
0.89	FCUV	Focus Universal Earnings Call This Week	Pair Corr

Moving against Neonode Stock

0.75	P4O	Plan Optik AG	Pair Corr
0.71	MKT	MKS Instruments	Pair Corr
0.7	LFS	Littelfuse	Pair Corr
0.7	PX4	Plexus Corp	Pair Corr
0.7	BRV	Brady	Pair Corr
0.67	Q	Qnity Electronics Earnings Call This Week	Pair Corr
0.64	SATLW	Satellogic Warrant	Pair Corr
0.64	VNI	Avnet Inc	Pair Corr
0.61	H7B	COHERENT CORP	Pair Corr
0.56	PJJ1	CHINA DISPLAY OTHHD	Pair Corr
0.51	VRME	VerifyMe	Pair Corr
0.49	KN	Knowles Cor	Pair Corr
0.49	PRHA	Prosegur Compaa de Earnings Call This Week	Pair Corr
0.44	SOLI	Solid State Plc	Pair Corr
0.71	BAERW	Bridger Aerospace	Pair Corr
0.71	TOY	TOYO	Pair Corr
0.69	FEIM	Frequency Electronics	Pair Corr
0.69	SCE	Schweizer Electronic	Pair Corr
0.69	SDI	SDI Group plc	Pair Corr
0.66	CTS	CTS Corporation	Pair Corr
0.65	JBL	Jabil Circuit	Pair Corr
0.64	SRT	SRT Marine Systems	Pair Corr

Related Correlations Analysis

	SLNH	ODYS	CPSH	AIRG	AWRE	MOB	DSWL	SVRE	PHUN	TACT
SLNH		-0.73	-0.5	-0.78	0.76	0.47	-0.07	0.76	0.78	0.74	SLNH
ODYS	-0.73		0.87	0.71	-0.82	-0.02	-0.02	-0.73	-0.67	-0.77	ODYS
CPSH	-0.5	0.87		0.53	-0.69	0.31	-0.27	-0.58	-0.49	-0.69	CPSH
AIRG	-0.78	0.71	0.53		-0.72	-0.4	0.29	-0.63	-0.55	-0.63	AIRG
AWRE	0.76	-0.82	-0.69	-0.72		0.15	0.01	0.86	0.75	0.81	AWRE
MOB	0.47	-0.02	0.31	-0.4	0.15		-0.54	0.17	0.36	0.05	MOB
DSWL	-0.07	-0.02	-0.27	0.29	0.01	-0.54		0.0	0.09	0.2	DSWL
SVRE	0.76	-0.73	-0.58	-0.63	0.86	0.17	0.0		0.69	0.86	SVRE
PHUN	0.78	-0.67	-0.49	-0.55	0.75	0.36	0.09	0.69		0.76	PHUN
TACT	0.74	-0.77	-0.69	-0.63	0.81	0.05	0.2	0.86	0.76		TACT
	SLNH	ODYS	CPSH	AIRG	AWRE	MOB	DSWL	SVRE	PHUN	TACT

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CPSH	+ 0.87	ODYS
SVRE	+ 0.86	AWRE
TACT	+ 0.86	SVRE
TACT	+ 0.81	AWRE
PHUN	+ 0.78	SLNH
AWRE	+ 0.76	SLNH

High negative correlations

AWRE	- 0.82	ODYS
AIRG	- 0.78	SLNH
TACT	- 0.77	ODYS
SVRE	- 0.73	ODYS
ODYS	- 0.73	SLNH
AWRE	- 0.72	AIRG

Risk-Adjusted Indicators

There is a big difference between Neonode Stock performing well and Neonode Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Neonode's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SLNH	7.03	(0.80)	0.00	(0.11)	0.00	0.00	17.32	(12.39)	43.75
ODYS	3.82	0.76	0.17	(8.62)	3.67	(4.54)	9.49	(6.42)	30.76
CPSH	4.45	0.38	0.11	0.21	4.34	(5.83)	13.93	(7.37)	32.46
AIRG	2.13	0.56	0.24	(3.40)	1.55	(2.77)	6.88	(3.64)	16.37
AWRE	2.07	(0.54)	0.00	(0.33)	0.00	0.00	4.10	(4.52)	18.30
MOB	6.38	(0.47)	0.00	(0.08)	0.00	0.00	11.31	(12.42)	33.39
DSWL	2.03	0.21	0.02	(0.14)	2.82	(2.45)	4.75	(3.89)	23.97
SVRE	5.83	(1.72)	0.00	36.21	0.00	0.00	13.49	(18.00)	64.89
PHUN	2.78	(0.47)	0.00	(0.16)	0.00	0.00	6.18	(5.33)	14.60
TACT	2.38	(0.23)	0.00	(0.45)	0.00	0.00	6.34	(4.62)	17.73

Neonode Corporate Management

Kent Plsson	Executive Engineering	Profile
Johan Swartz	Vice Industrial	Profile
Thierry Corman	VP Operations	Profile
Anthony Uhrick	VP AMER	Profile
David Brunton	Vice Relations	Profile
Urban Forssell	Strategic Advisor	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC