Neonode Stock Forecast - Price Action Indicator
| NEON Stock | USD 7.00 0.47 7.20% |
Neonode Stock Forecast is based on your current time horizon. Although Neonode's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Neonode's systematic risk associated with finding meaningful patterns of Neonode fundamentals over time.
Neonode |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.03) | 0.61 |
| Check Neonode Volatility | Backtest Neonode | Information Ratio |
Neonode Trading Date Momentum
| On November 21 2024 Neonode was traded for 7.00 at the closing time. The top price for the day was 7.00 and the lowest listed price was 6.24 . The trading volume for the day was 147.2 K. The trading history from November 21, 2024 did not cause price change. The trading delta at closing time against the current closing price is 6.71% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Neonode
For every potential investor in Neonode, whether a beginner or expert, Neonode's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Neonode Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Neonode. Basic forecasting techniques help filter out the noise by identifying Neonode's price trends.Neonode Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Neonode stock to make a market-neutral strategy. Peer analysis of Neonode could also be used in its relative valuation, which is a method of valuing Neonode by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Neonode Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Neonode's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Neonode's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Neonode Market Strength Events
Market strength indicators help investors to evaluate how Neonode stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Neonode shares will generate the highest return on investment. By undertsting and applying Neonode stock market strength indicators, traders can identify Neonode entry and exit signals to maximize returns.
Neonode Risk Indicators
The analysis of Neonode's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Neonode's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting neonode stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 7.03 | |||
| Semi Deviation | 6.05 | |||
| Standard Deviation | 10.82 | |||
| Variance | 117.1 | |||
| Downside Variance | 49.56 | |||
| Semi Variance | 36.65 | |||
| Expected Short fall | (8.87) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Neonode
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 Neonode 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 Neonode will appreciate offsetting losses from the drop in the long position's value.Moving against Neonode Stock
| 0.46 | ZS | Zscaler Earnings Call This Week | PairCorr |
| 0.33 | ELWS | Earlyworks Co, | PairCorr |
| 0.31 | EBON | Ebang International | PairCorr |
The ability to find closely correlated positions to Neonode could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neonode 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 Neonode - 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 Neonode to buy it.
The correlation of Neonode 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 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. 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 Neonode 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 Historical Fundamental Analysis of Neonode to cross-verify your projections. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Electronic Equipment, Instruments & Components space 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 Neonode. If investors know Neonode 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 Neonode listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.72) | Revenue Per Share 0.245 | Quarterly Revenue Growth (0) | Return On Assets (0.33) | Return On Equity (0.54) |
The market value of Neonode is measured differently than its book value, which is the value of Neonode that is recorded on the company's balance sheet. Investors also form their own opinion of Neonode's value that differs from its market value or its book value, called intrinsic value, which is Neonode'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 Neonode's market value can be influenced by many factors that don't directly affect Neonode'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 Neonode's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neonode is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neonode'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.