Neonode Stock Alpha and Beta Analysis
| NEON Stock | USD 8.16 1.16 16.57% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Neonode. It also helps investors analyze the systematic and unsystematic risks associated with investing in Neonode over a specified time horizon. Remember, high Neonode's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Neonode's market risk premium analysis include:
Beta 0.98 | Alpha 1.04 | Risk 8.81 | Sharpe Ratio 0.11 | Expected Return 0.93 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Neonode |
Neonode Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Neonode market risk premium is the additional return an investor will receive from holding Neonode long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Neonode. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Neonode's performance over market.| α | 1.04 | β | 0.98 |
Neonode expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Neonode's Buy-and-hold return. Our buy-and-hold chart shows how Neonode performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Neonode Market Price Analysis
Market price analysis 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 understating and applying Neonode stock market price indicators, traders can identify Neonode position entry and exit signals to maximize returns.
Neonode Return and Market Media
The median price of Neonode for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 7.66 with a coefficient of variation of 20.58. The daily time series for the period is distributed with a sample standard deviation of 1.62, arithmetic mean of 7.86, and mean deviation of 1.21. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Bystedt Per Ivar Gosta of 67773 shares of Neonode at 1.375 subject to Rule 16b-3 | 08/30/2024 |
2 | Acquisition by Bergman Mattias of 2500 shares of Neonode at 8.83 subject to Rule 16b-3 | 09/19/2024 |
3 | MACKLEMORE, SEVEN LIONS, ALISON WONDERLAND, RUSSELL DICKERSON AND NEON TREES TO HEADLINE INAUGURAL NEON CITY FESTIVAL, NOVEMBER 22-24 | 09/20/2024 |
4 | NEXTY Electronics Selects Neonodes Touch Sensor Module Technology for the Japanese Amusement Market | 09/25/2024 |
5 | Singapore Entertainment Firm Neon Is Said to Weigh IPO Next Year | 09/26/2024 |
6 | Neonode terminates corporate broking services agreement with Redeye AB | 10/04/2024 |
7 | At 4,475, Would You Rally Behind This 2013 Dodge Dart SXT Rallye | 10/09/2024 |
8 | Neon EVM Adopts Network Extensions to Redefine Solanas Product Categories | 10/17/2024 |
9 | Neonode Q3 2024 Earnings Preview | 11/05/2024 |
10 | Neonode Q3 Earnings Snapshot | 11/06/2024 |
11 | Neonode Third Quarter 2024 Earnings US0.065 loss per share | 11/08/2024 |
About Neonode Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Neonode or other stocks. Alpha measures the amount that position in Neonode has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 4.4E-4 | 3.91E-4 | Price To Sales Ratio | 7.89 | 6.73 |
Neonode Upcoming Company Events
As portrayed in its financial statements, the presentation of Neonode's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Neonode's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Neonode's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Neonode. Please utilize our Beneish M Score to check the likelihood of Neonode's management manipulating its earnings.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
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Check out Neonode Backtesting, Neonode Valuation, Neonode Correlation, Neonode Hype Analysis, Neonode Volatility, Neonode History and analyze Neonode Performance. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Neonode 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.