Neo Concept International Group Stock Market Value
| NCI Stock | USD 0.55 0.01 1.79% |
| Symbol | Neo |
Neo Concept Internat Price To Book Ratio
Is Research & Consulting Services 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 Neo Concept. If investors know Neo 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 Neo Concept 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 2.523 | Earnings Share 0.03 | Revenue Per Share 9.678 | Quarterly Revenue Growth (0.38) | Return On Assets 0.0854 |
The market value of Neo Concept Internat is measured differently than its book value, which is the value of Neo that is recorded on the company's balance sheet. Investors also form their own opinion of Neo Concept's value that differs from its market value or its book value, called intrinsic value, which is Neo Concept'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 Neo Concept's market value can be influenced by many factors that don't directly affect Neo Concept'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 Neo Concept's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neo Concept is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neo Concept'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.
Neo Concept '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 Concept'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 Concept.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Neo Concept on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Neo Concept International Group or generate 0.0% return on investment in Neo Concept over 30 days. Neo Concept is related to or competes with Air Products, Waste Management, Ecovyst, Hudson Technologies, Stepstone, PennantPark Floating, and Mosaic. Navigant Consulting, Inc. provides professional services worldwide More
Neo Concept 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 Concept'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 Concept International Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 12.51 | |||
| Information Ratio | 0.0869 | |||
| Maximum Drawdown | 108.57 | |||
| Value At Risk | (15.85) | |||
| Potential Upside | 31.51 |
Neo Concept Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neo Concept's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neo Concept's standard deviation. In reality, there are many statistical measures that can use Neo Concept historical prices to predict the future Neo Concept's volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | (1.16) | |||
| Sortino Ratio | 0.1115 | |||
| Treynor Ratio | 0.7393 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Neo Concept's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Neo Concept Internat Backtested Returns
Neo Concept is out of control given 3 months investment horizon. Neo Concept Internat has Sharpe Ratio of 0.097, which conveys that the firm had a 0.097% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.58% are justified by taking the suggested risk. Use Neo Concept Internat Risk Adjusted Performance of 0.0825, mean deviation of 9.93, and Downside Deviation of 12.51 to evaluate company specific risk that cannot be diversified away. Neo Concept holds a performance score of 7 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 2.06, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Neo Concept will likely underperform. Use Neo Concept Internat treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to analyze future returns on Neo Concept Internat.
Auto-correlation | 0.51 |
Modest predictability
Neo Concept International Group has modest predictability. Overlapping area represents the amount of predictability between Neo Concept time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Neo Concept Internat price movement. The serial correlation of 0.51 indicates that about 51.0% of current Neo Concept price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Neo Concept Internat lagged returns against current returns
Autocorrelation, which is Neo Concept 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 Concept's stock expected returns. We can calculate the autocorrelation of Neo Concept returns to help us make a trade decision. For example, suppose you find that Neo Concept 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 Concept 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 Concept stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neo Concept stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neo Concept stock over time.
Current vs Lagged Prices |
| Timeline |
Neo Concept Lagged Returns
When evaluating Neo Concept's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neo Concept stock have on its future price. Neo Concept 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 Concept autocorrelation shows the relationship between Neo Concept stock current value and its past values and can show if there is a momentum factor associated with investing in Neo Concept International Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Neo Concept Internat offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Neo Concept's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Neo Concept International Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Neo Concept International Group Stock:Check out Neo Concept Correlation, Neo Concept Volatility and Neo Concept Alpha and Beta module to complement your research on Neo Concept. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Neo Concept technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.