Neo Concept Stock Forecast - Simple Regression

NCI Stock  USD 0.56  0.01  1.82%   
The Simple Regression forecasted value of Neo Concept International Group on the next trading day is expected to be 0.61 with a mean absolute deviation of 0.10 and the sum of the absolute errors of 6.41. Neo Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Neo Concept's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of now, Neo Concept's Payables Turnover is increasing as compared to previous years. The Neo Concept's current Receivables Turnover is estimated to increase to 5.66, while Inventory Turnover is projected to decrease to 24.85. . The Neo Concept's current Common Stock Shares Outstanding is estimated to increase to about 34.3 M. The Neo Concept's current Net Income Applicable To Common Shares is estimated to increase to about 145.7 M.
Simple Regression model is a single variable regression model that attempts to put a straight line through Neo Concept price points. This line is defined by its gradient or slope, and the point at which it intercepts the x-axis. Mathematically, assuming the independent variable is X and the dependent variable is Y, then this line can be represented as: Y = intercept + slope * X.

Neo Concept Simple Regression Price Forecast For the 13th of December 2024

Given 90 days horizon, the Simple Regression forecasted value of Neo Concept International Group on the next trading day is expected to be 0.61 with a mean absolute deviation of 0.10, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.41.
Please note that although there have been many attempts to predict Neo Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Neo Concept's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Neo Concept Stock Forecast Pattern

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Neo Concept Forecasted Value

In the context of forecasting Neo Concept's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Neo Concept's downside and upside margins for the forecasting period are 0.01 and 16.98, respectively. We have considered Neo Concept's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
0.56
0.61
Expected Value
16.98
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Neo Concept stock data series using in forecasting. Note that when a statistical model is used to represent Neo Concept stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria116.099
BiasArithmetic mean of the errors None
MADMean absolute deviation0.1034
MAPEMean absolute percentage error0.1544
SAESum of the absolute errors6.4137
In general, regression methods applied to historical equity returns or prices series is an area of active research. In recent decades, new methods have been developed for robust regression of price series such as Neo Concept International Group historical returns. These new methods are regression involving correlated responses such as growth curves and different regression methods accommodating various types of missing data.

Predictive Modules for Neo Concept

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Neo Concept Internat. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
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.
Hype
Prediction
LowEstimatedHigh
0.030.5816.95
Details
Intrinsic
Valuation
LowRealHigh
0.030.5516.92
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.060.080.10
Details

Other Forecasting Options for Neo Concept

For every potential investor in Neo, whether a beginner or expert, Neo Concept's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Neo Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Neo. Basic forecasting techniques help filter out the noise by identifying Neo Concept's price trends.

Neo Concept Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Neo Concept stock to make a market-neutral strategy. Peer analysis of Neo Concept could also be used in its relative valuation, which is a method of valuing Neo Concept by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Neo Concept Internat Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Neo Concept's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Neo Concept's current price.

Neo Concept Market Strength Events

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

Neo Concept Risk Indicators

The analysis of Neo Concept's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Neo Concept's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting neo stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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 Historical Fundamental Analysis of Neo Concept to cross-verify your projections.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.