Neomagic Stock Market Value
| NMGC Stock | USD 0.01 0 12.79% |
| Symbol | NeoMagic |
NeoMagic '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 NeoMagic's pink sheet 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 NeoMagic.
| 01/04/2024 |
| 12/24/2025 |
If you would invest 0.00 in NeoMagic on January 4, 2024 and sell it all today you would earn a total of 0.00 from holding NeoMagic or generate 0.0% return on investment in NeoMagic over 720 days. NeoMagic is related to or competes with WANdisco Plc. NeoMagic Corporation designs and delivers semiconductors and software solutions for video, television, imaging, graphic,... More
NeoMagic 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 NeoMagic's pink sheet 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 NeoMagic upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0791 | |||
| Maximum Drawdown | 81.6 | |||
| Value At Risk | (2.67) | |||
| Potential Upside | 20.0 |
NeoMagic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NeoMagic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NeoMagic's standard deviation. In reality, there are many statistical measures that can use NeoMagic historical prices to predict the future NeoMagic's volatility.| Risk Adjusted Performance | 0.0697 | |||
| Jensen Alpha | 0.9056 | |||
| Total Risk Alpha | 0.0191 | |||
| Treynor Ratio | (0.55) |
NeoMagic Backtested Returns
NeoMagic appears to be out of control, given 3 months investment horizon. NeoMagic has Sharpe Ratio of 0.0882, which conveys that the firm had a 0.0882 % return per unit of risk over the last 3 months. By analyzing NeoMagic's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please exercise NeoMagic's Risk Adjusted Performance of 0.0697, standard deviation of 9.62, and Mean Deviation of 3.85 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NeoMagic holds a performance score of 7. The company secures a Beta (Market Risk) of -1.49, which conveys a somewhat significant risk relative to the market. As returns on the market increase, returns on owning NeoMagic are expected to decrease by larger amounts. On the other hand, during market turmoil, NeoMagic is expected to outperform it. Please check NeoMagic's value at risk and the relationship between the kurtosis and market facilitation index , to make a quick decision on whether NeoMagic's current price movements will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
NeoMagic has poor reverse predictability. Overlapping area represents the amount of predictability between NeoMagic time series from 4th of January 2024 to 29th of December 2024 and 29th of December 2024 to 24th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NeoMagic price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current NeoMagic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
NeoMagic lagged returns against current returns
Autocorrelation, which is NeoMagic pink sheet'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 NeoMagic's pink sheet expected returns. We can calculate the autocorrelation of NeoMagic returns to help us make a trade decision. For example, suppose you find that NeoMagic has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
NeoMagic 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 NeoMagic pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NeoMagic pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NeoMagic pink sheet over time.
Current vs Lagged Prices |
| Timeline |
NeoMagic Lagged Returns
When evaluating NeoMagic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NeoMagic pink sheet have on its future price. NeoMagic 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, NeoMagic autocorrelation shows the relationship between NeoMagic pink sheet current value and its past values and can show if there is a momentum factor associated with investing in NeoMagic.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in NeoMagic Pink Sheet
NeoMagic financial ratios help investors to determine whether NeoMagic Pink Sheet 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 NeoMagic with respect to the benefits of owning NeoMagic security.