Neonode Net Debt vs Other Current Assets Analysis
| NEON Stock | USD 7.00 0.47 7.20% |
Neonode financial indicator trend analysis is infinitely more than just investigating Neonode recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Neonode is a good investment. Please check the relationship between Neonode Net Debt and its Other Current Assets accounts. 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 persons. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.
Net Debt vs Other Current Assets
Net Debt vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Neonode Net Debt account and Other Current Assets. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Neonode's Net Debt and Other Current Assets is -0.21. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Neonode, assuming nothing else is changed. The correlation between historical values of Neonode's Net Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Neonode are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Debt i.e., Neonode's Net Debt and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.21 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Neonode's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Neonode current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 persons. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.At this time, Neonode's Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Enterprise Value is likely to grow to about 95.9 M, while Tax Provision is likely to drop about 78.8 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 12.0M | 10.2M | 10.7M | 12.3M | Cost Of Revenue | 955K | 804K | 4.5M | 3.8M |
Neonode fundamental ratios Correlations
Click cells to compare fundamentals
Neonode Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Neonode fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 7.4M | 16.6M | 23.0M | 21.2M | 19.0M | 11.8M | |
| Other Current Liab | 1.5M | (286K) | 413.0K | 995K | 1.5M | 1.5M | |
| Total Current Liabilities | 3.0M | 4.2M | 3.0M | 1.7M | 1.8M | 3.4M | |
| Total Stockholder Equity | 6.4M | 15.1M | 23.9M | 19.4M | 17.2M | 18.0M | |
| Property Plant And Equipment Net | 2.0M | 1.9M | 960K | 400K | 394K | 374.3K | |
| Net Debt | (891K) | (8.7M) | (16.5M) | (14.6M) | (16.0M) | (15.2M) | |
| Retained Earnings | (190.5M) | (196.2M) | (202.6M) | (207.5M) | (217.6M) | (206.7M) | |
| Cash | 2.4M | 10.5M | 17.4M | 14.8M | 16.2M | 17.0M | |
| Non Current Assets Total | 2.7M | 2.0M | 1.9M | 960K | 394K | 374.3K | |
| Non Currrent Assets Other | (2.0M) | (1.9M) | (960K) | (400K) | (1.0) | (0.95) | |
| Cash And Short Term Investments | 2.4M | 10.5M | 17.4M | 14.8M | 16.2M | 17.0M | |
| Net Receivables | 1.3M | 2.2M | 1.3M | 1.4M | 1.3M | 1.5M | |
| Common Stock Shares Outstanding | 8.8M | 10.0M | 11.9M | 13.6M | 15.3M | 16.1M | |
| Liabilities And Stockholders Equity | 7.4M | 16.6M | 23.0M | 21.2M | 19.0M | 11.8M | |
| Non Current Liabilities Total | 566K | 472K | 182K | 81K | 19K | 18.1K | |
| Inventory | 1.0M | 1.3M | 2.5M | 3.8M | 610K | 579.5K | |
| Other Current Assets | 723K | 728K | 1.0M | 938K | 528K | 537.6K | |
| Other Stockholder Equity | 197.5M | 211.7M | 226.9M | 227.2M | 235.2M | 246.9M | |
| Total Liab | 3.6M | 4.7M | 3.2M | 1.8M | 1.9M | 1.8M | |
| Total Current Assets | 5.4M | 14.7M | 22.0M | 20.8M | 18.6M | 19.6M | |
| Short Long Term Debt Total | 1.5M | 1.7M | 865K | 259K | 106K | 100.7K | |
| Short Term Debt | 900K | 2.5M | 1.4M | 356K | 174K | 165.3K | |
| Accounts Payable | 555K | 1.1M | 776K | 334K | 440K | 674.7K | |
| Accumulated Other Comprehensive Income | (639K) | (404K) | (408K) | (340K) | (396K) | (415.8K) | |
| Current Deferred Revenue | 67K | 138K | 106K | 36K | 10K | 9.5K | |
| Property Plant And Equipment Gross | 2.0M | 1.9M | 960K | 400K | 4.3M | 4.5M | |
| Property Plant Equipment | 1.6M | 1.0M | 960K | 282K | 324.3K | 308.1K | |
| Net Tangible Assets | 6.4M | 15.1M | 23.9M | 19.4M | 22.3M | 11.3M | |
| Noncontrolling Interest In Consolidated Entity | (1.2M) | (2.0M) | (2.5M) | (3.2M) | (2.9M) | (2.8M) | |
| Retained Earnings Total Equity | (185.2M) | (190.5M) | (196.2M) | (207.5M) | (186.7M) | (196.1M) | |
| Capital Surpluse | 197.5M | 197.5M | 211.7M | 227.2M | 261.3M | 200.3M | |
| Capital Lease Obligations | 1.5M | 1.7M | 865K | 259K | 106K | 100.7K |
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
| 0.59 | ASAN | Asana Inc | PairCorr |
| 0.47 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.38 | EHGO | Eshallgo Class A Downward Rally | PairCorr |
| 0.31 | BAC | Bank of America Aggressive Push | 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 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 persons. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.