NEO PERFORMMAT (Germany) Market Value
| N14 Stock | EUR 5.21 0.04 0.77% |
| Symbol | NEO |
NEO PERFORMMAT 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to NEO PERFORMMAT's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of NEO PERFORMMAT.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in NEO PERFORMMAT on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding NEO PERFORMMAT or generate 0.0% return on investment in NEO PERFORMMAT over 30 days. NEO PERFORMMAT is related to or competes with Albemarle, Superior Plus, SIVERS SEMICONDUCTORS, Norsk Hydro, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. Neo Performance Materials Inc. manufactures and sells rare earth, magnetic powders, magnets, and rare metal-based functi... More
NEO PERFORMMAT Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure NEO PERFORMMAT's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess NEO PERFORMMAT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.48 | |||
| Information Ratio | 0.025 | |||
| Maximum Drawdown | 16.22 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.61 |
NEO PERFORMMAT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEO PERFORMMAT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEO PERFORMMAT's standard deviation. In reality, there are many statistical measures that can use NEO PERFORMMAT historical prices to predict the future NEO PERFORMMAT's volatility.| Risk Adjusted Performance | 0.0369 | |||
| Jensen Alpha | 0.0777 | |||
| Total Risk Alpha | 0.0116 | |||
| Sortino Ratio | 0.0266 | |||
| Treynor Ratio | 0.1773 |
NEO PERFORMMAT Backtested Returns
At this point, NEO PERFORMMAT is slightly risky. NEO PERFORMMAT has Sharpe Ratio of 0.0581, which conveys that the firm had a 0.0581% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for NEO PERFORMMAT, which you can use to evaluate the volatility of the firm. Please verify NEO PERFORMMAT's risk adjusted performance of 0.0369, and Mean Deviation of 1.87 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. NEO PERFORMMAT has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NEO PERFORMMAT's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEO PERFORMMAT is expected to be smaller as well. NEO PERFORMMAT currently secures a risk of 2.51%. Please verify NEO PERFORMMAT sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if NEO PERFORMMAT will be following its current price movements.
Auto-correlation | -0.19 |
Insignificant reverse predictability
NEO PERFORMMAT has insignificant reverse predictability. Overlapping area represents the amount of predictability between NEO PERFORMMAT time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NEO PERFORMMAT price movement. The serial correlation of -0.19 indicates that over 19.0% of current NEO PERFORMMAT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
NEO PERFORMMAT lagged returns against current returns
Autocorrelation, which is NEO PERFORMMAT stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting NEO PERFORMMAT's stock expected returns. We can calculate the autocorrelation of NEO PERFORMMAT returns to help us make a trade decision. For example, suppose you find that NEO PERFORMMAT has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
NEO PERFORMMAT regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If NEO PERFORMMAT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEO PERFORMMAT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEO PERFORMMAT stock over time.
Current vs Lagged Prices |
| Timeline |
NEO PERFORMMAT Lagged Returns
When evaluating NEO PERFORMMAT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEO PERFORMMAT stock have on its future price. NEO PERFORMMAT autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, NEO PERFORMMAT autocorrelation shows the relationship between NEO PERFORMMAT stock current value and its past values and can show if there is a momentum factor associated with investing in NEO PERFORMMAT.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NEO Stock
NEO PERFORMMAT financial ratios help investors to determine whether NEO Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NEO with respect to the benefits of owning NEO PERFORMMAT security.