Neo Neon (Taiwan) Market Value
| 911868 Stock | TWD 1.48 0.01 0.67% |
| Symbol | Neo |
Neo Neon '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 Neon'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 Neon.
| 03/09/2024 |
| 03/04/2025 |
If you would invest 0.00 in Neo Neon on March 9, 2024 and sell it all today you would earn a total of 0.00 from holding Neo Neon Holdings Limited or generate 0.0% return on investment in Neo Neon over 360 days. Neo Neon is related to or competes with Connection Technology, Emerging Display, Avalue Technology, Castles Technology, Asustek Computer, Apacer Technology, and Min Aik. Neo-Neon Holdings Limited, an investment holding company, engages in the research and development, manufacture, and sale... More
Neo Neon 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 Neon'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 Neon Holdings Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.0618 | |||
| Maximum Drawdown | 9.46 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 2.04 |
Neo Neon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neo Neon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neo Neon's standard deviation. In reality, there are many statistical measures that can use Neo Neon historical prices to predict the future Neo Neon's volatility.| Risk Adjusted Performance | 0.0209 | |||
| Jensen Alpha | 0.0241 | |||
| Total Risk Alpha | 0.1224 | |||
| Sortino Ratio | 0.0517 | |||
| Treynor Ratio | 0.2107 |
Neo Neon Holdings Backtested Returns
Neo Neon Holdings has Sharpe Ratio of -0.0147, which conveys that the firm had a -0.0147 % return per unit of risk over the last 3 months. Neo Neon exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Neo Neon's Mean Deviation of 0.8365, downside deviation of 1.53, and Risk Adjusted Performance of 0.0209 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0887, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Neo Neon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Neo Neon is expected to be smaller as well. At this point, Neo Neon Holdings has a negative expected return of -0.0174%. Please make sure to verify Neo Neon's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if Neo Neon Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.64 |
Very good reverse predictability
Neo Neon Holdings Limited has very good reverse predictability. Overlapping area represents the amount of predictability between Neo Neon time series from 9th of March 2024 to 5th of September 2024 and 5th of September 2024 to 4th of March 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 Neo Neon Holdings price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Neo Neon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Neo Neon Holdings lagged returns against current returns
Autocorrelation, which is Neo Neon 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 Neon's stock expected returns. We can calculate the autocorrelation of Neo Neon returns to help us make a trade decision. For example, suppose you find that Neo Neon 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 Neon 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 Neon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neo Neon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neo Neon stock over time.
Current vs Lagged Prices |
| Timeline |
Neo Neon Lagged Returns
When evaluating Neo Neon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neo Neon stock have on its future price. Neo Neon 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 Neon autocorrelation shows the relationship between Neo Neon stock current value and its past values and can show if there is a momentum factor associated with investing in Neo Neon Holdings Limited.
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.Other Information on Investing in Neo Stock
Neo Neon financial ratios help investors to determine whether Neo 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 Neon security.