Neogen Stock Statistic Functions Time Series Forecast

NEOG Stock  USD 14.14  0.03  0.21%   
Neogen statistic functions tool provides the execution environment for running the Time Series Forecast function and other technical functions against Neogen. Neogen value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of statistic functions indicators. As with most other technical indicators, the Time Series Forecast function function is designed to identify and follow existing trends. Neogen statistical functions help analysts to determine different price movement patterns based on how price series statistical indicators change over time. Please specify Time Period to run this model.

Execute Function
The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Time Series Forecast uses simple linear regression to derive Neogen best fit line over a given time period and plot it forward over user-defined time period.

Neogen Technical Analysis Modules

Most technical analysis of Neogen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Neogen from various momentum indicators to cycle indicators. When you analyze Neogen charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Neogen Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Neogen. We use our internally-developed statistical techniques to arrive at the intrinsic value of Neogen based on widely used predictive technical indicators. In general, we focus on analyzing Neogen Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Neogen's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Neogen's intrinsic value. In addition to deriving basic predictive indicators for Neogen, we also check how macroeconomic factors affect Neogen price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Inventory Turnover2.323.112.431.69
ROIC0.03160.0096830.0095810.009102
Hype
Prediction
LowEstimatedHigh
11.2514.1417.03
Details
Intrinsic
Valuation
LowRealHigh
9.5812.4715.36
Details
Naive
Forecast
LowNextHigh
10.2113.1015.99
Details
2 Analysts
Consensus
LowTargetHigh
20.2522.2524.70
Details

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When determining whether Neogen is a strong investment it is important to analyze Neogen's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Neogen's future performance. For an informed investment choice regarding Neogen Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Health Care Equipment & Supplies 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 Neogen. If investors know Neogen 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 Neogen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.86)
Earnings Share
(0.11)
Revenue Per Share
4.212
Quarterly Revenue Growth
(0.05)
Return On Assets
0.0085
The market value of Neogen is measured differently than its book value, which is the value of Neogen that is recorded on the company's balance sheet. Investors also form their own opinion of Neogen's value that differs from its market value or its book value, called intrinsic value, which is Neogen'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 Neogen's market value can be influenced by many factors that don't directly affect Neogen'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 Neogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neogen'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.