Neotion SA (France) Market Value
| ALNEO Stock | 0.50 0.00 0.00% |
| Symbol | Neotion |
Neotion SA '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 Neotion SA'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 Neotion SA.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Neotion SA on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Neotion SA or generate 0.0% return on investment in Neotion SA over 30 days. Neotion SA is related to or competes with Manitou BF, Jacquet Metal, Mersen SA, Linedata Services, and Haulotte Group. Neotion SA operates as a fabless semiconductor company in France. More
Neotion SA 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 Neotion SA'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 Neotion SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.85 | |||
| Information Ratio | 0.0211 | |||
| Maximum Drawdown | 19.6 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 7.69 |
Neotion SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neotion SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neotion SA's standard deviation. In reality, there are many statistical measures that can use Neotion SA historical prices to predict the future Neotion SA's volatility.| Risk Adjusted Performance | 0.0464 | |||
| Jensen Alpha | 0.167 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0115 | |||
| Treynor Ratio | 0.62 |
Neotion SA Backtested Returns
Neotion SA appears to be out of control, given 3 months investment horizon. Neotion SA has Sharpe Ratio of 0.0504, which conveys that the firm had a 0.0504% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Neotion SA, which you can use to evaluate the volatility of the firm. Please exercise Neotion SA's Downside Deviation of 7.85, risk adjusted performance of 0.0464, and Mean Deviation of 1.92 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Neotion SA holds a performance score of 3. The company secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Neotion SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Neotion SA is expected to be smaller as well. Please check Neotion SA's treynor ratio, as well as the relationship between the semi variance and day median price , to make a quick decision on whether Neotion SA's current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Neotion SA has no correlation between past and present. Overlapping area represents the amount of predictability between Neotion SA time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Neotion SA price movement. The serial correlation of 0.0 indicates that just 0.0% of current Neotion SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Neotion SA lagged returns against current returns
Autocorrelation, which is Neotion SA 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 Neotion SA's stock expected returns. We can calculate the autocorrelation of Neotion SA returns to help us make a trade decision. For example, suppose you find that Neotion SA 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 |
Neotion SA 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 Neotion SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neotion SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neotion SA stock over time.
Current vs Lagged Prices |
| Timeline |
Neotion SA Lagged Returns
When evaluating Neotion SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neotion SA stock have on its future price. Neotion SA 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, Neotion SA autocorrelation shows the relationship between Neotion SA stock current value and its past values and can show if there is a momentum factor associated with investing in Neotion SA.
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 Neotion Stock Analysis
When running Neotion SA's price analysis, check to measure Neotion SA'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 Neotion SA is operating at the current time. Most of Neotion SA's value examination focuses on studying past and present price action to predict the probability of Neotion SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neotion SA's price. Additionally, you may evaluate how the addition of Neotion SA to your portfolios can decrease your overall portfolio volatility.