NeoGenomics Stock Forecast - Daily Balance Of Power
| NEO Stock | USD 18.43 0.52 2.90% |
NeoGenomics Stock Forecast is based on your current time horizon. Although NeoGenomics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of NeoGenomics' systematic risk associated with finding meaningful patterns of NeoGenomics fundamentals over time.
NeoGenomics |
Open Interest Against 2024-12-20 NeoGenomics Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast NeoGenomics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in NeoGenomics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for NeoGenomics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current NeoGenomics' open interest, investors have to compare it to NeoGenomics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of NeoGenomics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in NeoGenomics. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.9149 | (0.31) |
| Check NeoGenomics Volatility | Backtest NeoGenomics | Trend Details |
NeoGenomics Trading Date Momentum
| On December 02 2024 NeoGenomics was traded for 18.00 at the closing time. Highest NeoGenomics's price during the trading hours was 18.08 and the lowest price during the day was 17.44 . The net volume was 712.5 K. The overall trading history on the 2nd of December contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 1.52% . The trading delta at closing time to current price is 0.28% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for NeoGenomics
For every potential investor in NeoGenomics, whether a beginner or expert, NeoGenomics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. NeoGenomics Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in NeoGenomics. Basic forecasting techniques help filter out the noise by identifying NeoGenomics' price trends.View NeoGenomics Related Equities
| Risk & Return | Correlation |
NeoGenomics 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 NeoGenomics' 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 NeoGenomics' current price.| Cycle Indicators | ||
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NeoGenomics Market Strength Events
Market strength indicators help investors to evaluate how NeoGenomics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NeoGenomics shares will generate the highest return on investment. By undertsting and applying NeoGenomics stock market strength indicators, traders can identify NeoGenomics entry and exit signals to maximize returns.
NeoGenomics Risk Indicators
The analysis of NeoGenomics' 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 NeoGenomics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting neogenomics 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 | 1.99 | |||
| Semi Deviation | 2.24 | |||
| Standard Deviation | 2.59 | |||
| Variance | 6.7 | |||
| Downside Variance | 6.44 | |||
| Semi Variance | 5.0 | |||
| Expected Short fall | (2.31) |
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 NeoGenomics
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 NeoGenomics 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 NeoGenomics will appreciate offsetting losses from the drop in the long position's value.Moving together with NeoGenomics Stock
Moving against NeoGenomics Stock
| 0.79 | HCM | HUTCHMED DRC | PairCorr |
| 0.57 | VALN | Valneva SE ADR | PairCorr |
| 0.54 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.5 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.44 | LLY | Eli Lilly | PairCorr |
The ability to find closely correlated positions to NeoGenomics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NeoGenomics 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 NeoGenomics - 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 NeoGenomics to buy it.
The correlation of NeoGenomics 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 NeoGenomics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeoGenomics 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 NeoGenomics 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 NeoGenomics to cross-verify your projections. To learn how to invest in NeoGenomics Stock, please use our How to Invest in NeoGenomics guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Is Life Sciences Tools & Services 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 NeoGenomics. If investors know NeoGenomics 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 NeoGenomics 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 1.306 | Earnings Share (0.61) | Revenue Per Share 5.098 | Quarterly Revenue Growth 0.104 | Return On Assets (0.03) |
The market value of NeoGenomics is measured differently than its book value, which is the value of NeoGenomics that is recorded on the company's balance sheet. Investors also form their own opinion of NeoGenomics' value that differs from its market value or its book value, called intrinsic value, which is NeoGenomics' 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 NeoGenomics' market value can be influenced by many factors that don't directly affect NeoGenomics' 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 NeoGenomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if NeoGenomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NeoGenomics' 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.