Neonode Stock Alpha and Beta Analysis

NEON Stock  USD 7.74  0.07  0.90%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Neonode. It also helps investors analyze the systematic and unsystematic risks associated with investing in Neonode over a specified time horizon. Remember, high Neonode's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Neonode's market risk premium analysis include:
Beta
1.29
Alpha
0.28
Risk
7.87
Sharpe Ratio
0.0266
Expected Return
0.21
Please note that although Neonode alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Neonode did 0.28  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Neonode stock's relative risk over its benchmark. Neonode has a beta of 1.29  . As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Neonode will likely underperform. As of the 11th of December 2024, Enterprise Value is likely to grow to about 95.9 M, while Book Value Per Share is likely to drop 1.06.

Enterprise Value

95.92 Million

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Neonode Backtesting, Neonode Valuation, Neonode Correlation, Neonode Hype Analysis, Neonode Volatility, Neonode History and analyze Neonode Performance.
To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.

Neonode Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Neonode market risk premium is the additional return an investor will receive from holding Neonode long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Neonode. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Neonode's performance over market.
α0.28   β1.29

Neonode expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Neonode's Buy-and-hold return. Our buy-and-hold chart shows how Neonode performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Neonode Market Price Analysis

Market price analysis indicators help investors to evaluate how Neonode stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Neonode shares will generate the highest return on investment. By understating and applying Neonode stock market price indicators, traders can identify Neonode position entry and exit signals to maximize returns.

Neonode Return and Market Media

The median price of Neonode for the period between Thu, Sep 12, 2024 and Wed, Dec 11, 2024 is 7.94 with a coefficient of variation of 17.56. The daily time series for the period is distributed with a sample standard deviation of 1.43, arithmetic mean of 8.12, and mean deviation of 1.0. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Acquisition by Bergman Mattias of 2500 shares of Neonode at 8.83 subject to Rule 16b-3
09/19/2024
2
Neonode Terminates Agreement with Redeye
10/04/2024
3
These Are The Most Boring Cars Of All Time
10/14/2024
4
Neon EVM Adopts Network Extensions to Redefine Solanas Product Categories
10/17/2024
5
Neonode GAAP EPS of -0.07, revenue of 0.8M beats by 0.22M
11/06/2024
6
National Ecological Observatory Networks Paula Mabee Joins Scientific Experts on G7 Italia Large Research Infrastructure Panel Discussion
11/07/2024
7
Is Neonode Inc. Top Performing European Stock Heading into 2025
11/13/2024
8
ALISON WONDERLAND, NEON TREES, RUSSELL DICKERSON, SEVEN LIONS, THE ALL-AMERICAN REJECTS TROYBOI HEADLINE THE INAUGURAL NEON CITY FESTIVAL IN DOWNTOWN LAS VEGAS
11/25/2024
9
Neon Serverless Postgres Announces Native Integration with Microsoft Azure
12/03/2024

About Neonode Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Neonode or other stocks. Alpha measures the amount that position in Neonode has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2023 2024 (projected)
Dividend Yield4.4E-43.91E-4
Price To Sales Ratio7.896.73

Neonode Upcoming Company Events

As portrayed in its financial statements, the presentation of Neonode's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Neonode's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Neonode's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Neonode. Please utilize our Beneish M Score to check the likelihood of Neonode's management manipulating its earnings.
8th of February 2024
Upcoming Quarterly Report
View
31st of December 2023
Next Fiscal Quarter End
View

Build Portfolio with Neonode

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
When determining whether Neonode offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Neonode'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 Neonode Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Neonode Stock:
Check out Neonode Backtesting, Neonode Valuation, Neonode Correlation, Neonode Hype Analysis, Neonode Volatility, Neonode History and analyze Neonode Performance.
To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Neonode 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.
A focus of Neonode technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Neonode trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...