Neovolta Warrant Stock Market Value
| NEOVW Stock | USD 2.42 0.02 0.83% |
| Symbol | NeoVolta |
NeoVolta Warrant Price To Book Ratio
Is Industrial Machinery & Supplies & 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 NeoVolta Warrant. If investors know NeoVolta 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 NeoVolta Warrant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 0.074 | Quarterly Revenue Growth (0.23) | Return On Assets (0.35) | Return On Equity (0.57) |
The market value of NeoVolta Warrant is measured differently than its book value, which is the value of NeoVolta that is recorded on the company's balance sheet. Investors also form their own opinion of NeoVolta Warrant's value that differs from its market value or its book value, called intrinsic value, which is NeoVolta Warrant'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 NeoVolta Warrant's market value can be influenced by many factors that don't directly affect NeoVolta Warrant'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 NeoVolta Warrant's value and its price as these two are different measures arrived at by different means. Investors typically determine if NeoVolta Warrant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NeoVolta Warrant'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.
NeoVolta Warrant '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 NeoVolta Warrant'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 NeoVolta Warrant.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in NeoVolta Warrant on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding NeoVolta Warrant or generate 0.0% return on investment in NeoVolta Warrant over 180 days. NeoVolta Warrant is related to or competes with NeoVolta Common, and Nexalin Technology. NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States More
NeoVolta Warrant 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 NeoVolta Warrant'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 NeoVolta Warrant upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 9.75 | |||
| Information Ratio | 0.2051 | |||
| Maximum Drawdown | 75.07 | |||
| Value At Risk | (14.14) | |||
| Potential Upside | 22.81 |
NeoVolta Warrant Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NeoVolta Warrant's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NeoVolta Warrant's standard deviation. In reality, there are many statistical measures that can use NeoVolta Warrant historical prices to predict the future NeoVolta Warrant's volatility.| Risk Adjusted Performance | 0.174 | |||
| Jensen Alpha | 2.34 | |||
| Total Risk Alpha | 0.7412 | |||
| Sortino Ratio | 0.2627 | |||
| Treynor Ratio | 0.9369 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NeoVolta Warrant's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NeoVolta Warrant Backtested Returns
NeoVolta Warrant is out of control given 3 months investment horizon. NeoVolta Warrant has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 48.12% are justified by taking the suggested risk. Use NeoVolta Warrant Mean Deviation of 7.49, downside deviation of 9.75, and Risk Adjusted Performance of 0.174 to evaluate company specific risk that cannot be diversified away. NeoVolta Warrant holds a performance score of 17 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 2.86, 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, NeoVolta Warrant will likely underperform. Use NeoVolta Warrant value at risk, as well as the relationship between the kurtosis and market facilitation index , to analyze future returns on NeoVolta Warrant.
Auto-correlation | -0.17 |
Insignificant reverse predictability
NeoVolta Warrant has insignificant reverse predictability. Overlapping area represents the amount of predictability between NeoVolta Warrant time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 NeoVolta Warrant price movement. The serial correlation of -0.17 indicates that over 17.0% of current NeoVolta Warrant price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
NeoVolta Warrant lagged returns against current returns
Autocorrelation, which is NeoVolta Warrant 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 NeoVolta Warrant's stock expected returns. We can calculate the autocorrelation of NeoVolta Warrant returns to help us make a trade decision. For example, suppose you find that NeoVolta Warrant 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 |
NeoVolta Warrant 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 NeoVolta Warrant stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NeoVolta Warrant stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NeoVolta Warrant stock over time.
Current vs Lagged Prices |
| Timeline |
NeoVolta Warrant Lagged Returns
When evaluating NeoVolta Warrant's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NeoVolta Warrant stock have on its future price. NeoVolta Warrant 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, NeoVolta Warrant autocorrelation shows the relationship between NeoVolta Warrant stock current value and its past values and can show if there is a momentum factor associated with investing in NeoVolta Warrant.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for NeoVolta Stock Analysis
When running NeoVolta Warrant's price analysis, check to measure NeoVolta Warrant's 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 NeoVolta Warrant is operating at the current time. Most of NeoVolta Warrant's value examination focuses on studying past and present price action to predict the probability of NeoVolta Warrant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NeoVolta Warrant's price. Additionally, you may evaluate how the addition of NeoVolta Warrant to your portfolios can decrease your overall portfolio volatility.