Neo Battery Materials Stock Market Value
| NBM Stock | CAD 0.87 0.02 2.25% |
| Symbol | Neo |
Neo Battery Materials Price To Book Ratio
Neo Battery '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 Battery'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 Battery.
| 01/19/2025 |
| 02/18/2025 |
If you would invest 0.00 in Neo Battery on January 19, 2025 and sell it all today you would earn a total of 0.00 from holding Neo Battery Materials or generate 0.0% return on investment in Neo Battery over 30 days. Neo Battery is related to or competes with Graphene Manufacturing, and Surge Battery. Neo Battery Materials Ltd., an exploration stage company, focuses on the acquisition, exploration, and development of go... More
Neo Battery 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 Battery'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 Battery Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 10.2 | |||
| Information Ratio | 0.0865 | |||
| Maximum Drawdown | 58.12 | |||
| Value At Risk | (10.29) | |||
| Potential Upside | 14.63 |
Neo Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neo Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neo Battery's standard deviation. In reality, there are many statistical measures that can use Neo Battery historical prices to predict the future Neo Battery's volatility.| Risk Adjusted Performance | 0.0713 | |||
| Jensen Alpha | 0.8929 | |||
| Total Risk Alpha | 0.8758 | |||
| Sortino Ratio | 0.0874 | |||
| Treynor Ratio | (0.94) |
Neo Battery Materials Backtested Returns
Neo Battery appears to be out of control, given 3 months investment horizon. Neo Battery Materials has Sharpe Ratio of 0.0694, which conveys that the firm had a 0.0694 % return per unit of risk over the last 3 months. By analyzing Neo Battery's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please exercise Neo Battery's Mean Deviation of 6.07, downside deviation of 10.2, and Risk Adjusted Performance of 0.0713 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Neo Battery holds a performance score of 5. The company secures a Beta (Market Risk) of -0.94, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Neo Battery are expected to decrease slowly. On the other hand, during market turmoil, Neo Battery is expected to outperform it slightly. Please check Neo Battery's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Neo Battery's current price movements will revert.
Auto-correlation | 0.38 |
Below average predictability
Neo Battery Materials has below average predictability. Overlapping area represents the amount of predictability between Neo Battery time series from 19th of January 2025 to 3rd of February 2025 and 3rd of February 2025 to 18th of February 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 Battery Materials price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Neo Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Neo Battery Materials lagged returns against current returns
Autocorrelation, which is Neo Battery 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 Battery's stock expected returns. We can calculate the autocorrelation of Neo Battery returns to help us make a trade decision. For example, suppose you find that Neo Battery 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 Battery 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 Battery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neo Battery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neo Battery stock over time.
Current vs Lagged Prices |
| Timeline |
Neo Battery Lagged Returns
When evaluating Neo Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neo Battery stock have on its future price. Neo Battery 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 Battery autocorrelation shows the relationship between Neo Battery stock current value and its past values and can show if there is a momentum factor associated with investing in Neo Battery Materials.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Neo Stock Analysis
When running Neo Battery's price analysis, check to measure Neo Battery'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 Neo Battery is operating at the current time. Most of Neo Battery's value examination focuses on studying past and present price action to predict the probability of Neo Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neo Battery's price. Additionally, you may evaluate how the addition of Neo Battery to your portfolios can decrease your overall portfolio volatility.