Neo Performance Materials Stock Market Value
| NOPMF Stock | USD 6.01 0.05 0.84% |
| Symbol | Neo |
Neo Performance '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 Performance's pink sheet 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 Performance.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Neo Performance on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Neo Performance Materials or generate 0.0% return on investment in Neo Performance over 720 days. Neo Performance is related to or competes with Mativ Holdings, Sensient Technologies, Koppers Holdings, Axalta Coating, Core Molding, Avient Corp, and Orica. Neo Performance Materials Inc. manufactures and sells rare earth, magnetic powders, magnets, and rare metal-based functi... More
Neo Performance 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 Performance's pink sheet 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 Performance Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.45 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 3.47 |
Neo Performance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neo Performance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neo Performance's standard deviation. In reality, there are many statistical measures that can use Neo Performance historical prices to predict the future Neo Performance's volatility.| Risk Adjusted Performance | 0.0295 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1085 |
Neo Performance Materials Backtested Returns
At this point, Neo Performance is somewhat reliable. Neo Performance Materials has Sharpe Ratio of 0.052, which conveys that the firm had a 0.052% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Neo Performance, which you can use to evaluate the volatility of the firm. Please verify Neo Performance's Downside Deviation of 1.78, mean deviation of 1.49, and Risk Adjusted Performance of 0.0295 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. Neo Performance has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Neo Performance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Neo Performance is expected to be smaller as well. Neo Performance Materials right now secures a risk of 2.25%. Please verify Neo Performance Materials treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to decide if Neo Performance Materials will be following its current price movements.
Auto-correlation | -0.23 |
Weak reverse predictability
Neo Performance Materials has weak reverse predictability. Overlapping area represents the amount of predictability between Neo Performance time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Performance Materials price movement. The serial correlation of -0.23 indicates that over 23.0% of current Neo Performance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Neo Performance Materials lagged returns against current returns
Autocorrelation, which is Neo Performance pink sheet'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 Performance's pink sheet expected returns. We can calculate the autocorrelation of Neo Performance returns to help us make a trade decision. For example, suppose you find that Neo Performance has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Performance 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 Performance pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neo Performance pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neo Performance pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Neo Performance Lagged Returns
When evaluating Neo Performance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neo Performance pink sheet have on its future price. Neo Performance 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 Performance autocorrelation shows the relationship between Neo Performance pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Neo Performance Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Neo Pink Sheet
Neo Performance financial ratios help investors to determine whether Neo Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Neo with respect to the benefits of owning Neo Performance security.