Neogen Chemicals (India) Price on February 12, 2024
| NEOGEN Stock | 2,096 32.60 1.58% |
Below is the normalized historical share price chart for Neogen Chemicals Limited extending back to May 08, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Neogen Chemicals stands at 2,096, as last reported on the 30th of November, with the highest price reaching 2,127 and the lowest price hitting 2,032 during the day.
If you're considering investing in Neogen Stock, it is important to understand the factors that can impact its price. Neogen Chemicals appears to be very steady, given 3 months investment horizon. Neogen Chemicals has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Neogen Chemicals' technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please exercise Neogen Chemicals' Risk Adjusted Performance of 0.1169, mean deviation of 2.75, and Downside Deviation of 3.13 to check out if our risk estimates are consistent with your expectations.
At present, Neogen Chemicals' Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 15.3 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 24.2 M. . Neogen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 1.6 K | 50 Day MA 2.1 K | Beta 0.385 |
Neogen |
Sharpe Ratio = 0.1548
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Estimated Market Risk
| 3.98 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.62 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 12 88% of assets perform better |
Based on monthly moving average Neogen Chemicals is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Neogen Chemicals by adding it to a well-diversified portfolio.
Price Book 7.1155 | Enterprise Value Ebitda 48.182 | Price Sales 7.8359 | Shares Float 12.6 M | Wall Street Target Price 2.3 K |
Neogen Chemicals Valuation on February 12, 2024
It is possible to determine the worth of Neogen Chemicals on a given historical date. On February 12, 2024 Neogen was worth 1328.59 at the beginning of the trading date compared to the closed value of 1290.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Neogen Chemicals stock. Still, in general, we apply an absolute valuation method to find Neogen Chemicals' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Neogen Chemicals where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Neogen Chemicals' related companies.
| Open | High | Low | Close | Volume | |
| 1,387 | 1,399 | 1,361 | 1,374 | 24,051 | |
02/12/2024 | 1,329 | 1,347 | 1,279 | 1,290 | 55,334 |
| 1,299 | 1,303 | 1,252 | 1,266 | 41,382 |
| Backtest Neogen Chemicals | | | Neogen Chemicals History | | | Neogen Chemicals Valuation | Previous | Next |
Neogen Chemicals Trading Date Momentum on February 12, 2024
| On February 13 2024 Neogen Chemicals Limited was traded for 1,266 at the closing time. The highest price during the trading period was 1,303 and the lowest recorded bid was listed for 1,252 . The volume for the day was 41.4 K. This history from February 13, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.89% . The trading delta at closing time to the current price is 1.50% . |
Neogen Chemicals Fundamentals Correlations and Trends
By evaluating Neogen Chemicals' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Neogen Chemicals' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Neogen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Neogen Chemicals Stock history
Neogen Chemicals investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Neogen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Neogen Chemicals will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Neogen Chemicals stock prices may prove useful in developing a viable investing in Neogen Chemicals
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 25.5 M | 24.2 M | |
| Net Income Applicable To Common Shares | 574.7 M | 603.4 M |
Neogen Chemicals Quarterly Net Working Capital |
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Neogen Chemicals Stock Technical Analysis
Neogen Chemicals 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.
Price Boundaries
Neogen Chemicals Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Neogen Chemicals Limited cannot be verified against its exchange. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Neogen Chemicals November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Neogen Chemicals stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Neogen Chemicals shares will generate the highest return on investment. By undertsting and applying Neogen Chemicals stock market strength indicators, traders can identify Neogen Chemicals Limited entry and exit signals to maximize returns
Neogen Chemicals Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Neogen Chemicals' price direction in advance. Along with the technical and fundamental analysis of Neogen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Neogen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1169 | |||
| Jensen Alpha | 0.4801 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1337 | |||
| Treynor Ratio | 1.05 |
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Complementary Tools for Neogen Stock analysis
When running Neogen Chemicals' price analysis, check to measure Neogen Chemicals' 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 Neogen Chemicals is operating at the current time. Most of Neogen Chemicals' value examination focuses on studying past and present price action to predict the probability of Neogen Chemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neogen Chemicals' price. Additionally, you may evaluate how the addition of Neogen Chemicals to your portfolios can decrease your overall portfolio volatility.
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