Neo Battery Materials Stock Market Value
| NBMFF Stock | USD 0.63 0.04 6.78% |
| Symbol | Neo |
Neo Battery '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 Battery's otc 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 Battery.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Neo Battery on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Neo Battery Materials or generate 0.0% return on investment in Neo Battery over 30 days. Neo Battery is related to or competes with Pampa Metals, Red Moon, Sherritt International, Group Eleven, United States, NioCorp Developments, and Progressive Planet. NEO Battery Materials Ltd., a junior resource company, focuses on the exploration of battery metals in North America More
Neo Battery 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 Battery's otc 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 Battery Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 24.8 | |||
| Information Ratio | 0.1899 | |||
| Maximum Drawdown | 259.85 | |||
| Value At Risk | (29.85) | |||
| Potential Upside | 63.64 |
Neo Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neo Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neo Battery's standard deviation. In reality, there are many statistical measures that can use Neo Battery historical prices to predict the future Neo Battery's volatility.| Risk Adjusted Performance | 0.1578 | |||
| Jensen Alpha | 6.81 | |||
| Total Risk Alpha | 0.9916 | |||
| Sortino Ratio | 0.288 | |||
| Treynor Ratio | 2.04 |
Neo Battery Materials Backtested Returns
Neo Battery is out of control given 3 months investment horizon. Neo Battery Materials has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We were able to analyze and collect data for thirty different technical indicators, which can help you to evaluate if expected returns of 7.39% are justified by taking the suggested risk. Use Neo Battery Materials Risk Adjusted Performance of 0.1578, mean deviation of 18.99, and Downside Deviation of 24.8 to evaluate company specific risk that cannot be diversified away. Neo Battery holds a performance score of 15 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 3.56, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Neo Battery will likely underperform. Use Neo Battery Materials sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to analyze future returns on Neo Battery Materials.
Auto-correlation | 0.62 |
Good predictability
Neo Battery Materials has good predictability. Overlapping area represents the amount of predictability between Neo Battery time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Battery Materials price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Neo Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Neo Battery Materials lagged returns against current returns
Autocorrelation, which is Neo Battery otc 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 Battery's otc stock expected returns. We can calculate the autocorrelation of Neo Battery returns to help us make a trade decision. For example, suppose you find that Neo Battery has exhibited high autocorrelation historically, and you observe that the otc 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 Battery 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 Battery otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neo Battery otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neo Battery otc stock over time.
Current vs Lagged Prices |
| Timeline |
Neo Battery Lagged Returns
When evaluating Neo Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neo Battery otc stock have on its future price. Neo Battery 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 Battery autocorrelation shows the relationship between Neo Battery otc stock current value and its past values and can show if there is a momentum factor associated with investing in Neo Battery Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Neo OTC Stock
Neo Battery financial ratios help investors to determine whether Neo OTC 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 Battery security.