Neo Corporate (Thailand) Market Value
| NEO Stock | 31.50 0.75 2.33% |
| Symbol | Neo |
Neo Corporate '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 Corporate'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 Corporate.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Neo Corporate on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Neo Corporate Pcl or generate 0.0% return on investment in Neo Corporate over 30 days.
Neo Corporate 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 Corporate'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 Corporate Pcl upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 8.31 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.26 |
Neo Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neo Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neo Corporate's standard deviation. In reality, there are many statistical measures that can use Neo Corporate historical prices to predict the future Neo Corporate's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 1.19 |
Neo Corporate Pcl Backtested Returns
Neo Corporate is out of control given 3 months investment horizon. Neo Corporate Pcl has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We were able to break down and interpolate data for twenty-three different technical indicators, which can help you to evaluate if expected returns of 29.65% are justified by taking the suggested risk. Use Neo Corporate Pcl Mean Deviation of 1.52, risk adjusted performance of (0.13), and Standard Deviation of 2.02 to evaluate company specific risk that cannot be diversified away. Neo Corporate holds a performance score of 12 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.32, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Neo Corporate are expected to decrease at a much lower rate. During the bear market, Neo Corporate is likely to outperform the market. Use Neo Corporate Pcl value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to analyze future returns on Neo Corporate Pcl.
Auto-correlation | 0.06 |
Virtually no predictability
Neo Corporate Pcl has virtually no predictability. Overlapping area represents the amount of predictability between Neo Corporate time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Corporate Pcl price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Neo Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.57 |
Neo Corporate Pcl lagged returns against current returns
Autocorrelation, which is Neo Corporate 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 Corporate's stock expected returns. We can calculate the autocorrelation of Neo Corporate returns to help us make a trade decision. For example, suppose you find that Neo Corporate 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 Corporate 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 Corporate stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neo Corporate stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neo Corporate stock over time.
Current vs Lagged Prices |
| Timeline |
Neo Corporate Lagged Returns
When evaluating Neo Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neo Corporate stock have on its future price. Neo Corporate 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 Corporate autocorrelation shows the relationship between Neo Corporate stock current value and its past values and can show if there is a momentum factor associated with investing in Neo Corporate Pcl.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio Architect