Neogen Stock Market Value
| NEOG Stock | USD 12.37 0.06 0.49% |
| Symbol | Neogen |
Neogen Price To Book Ratio
Is Neogen's industry 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 Neogen. If investors know Neogen 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 Neogen 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 (0.86) | Earnings Share 0.02 | Revenue Per Share 4.293 | Quarterly Revenue Growth 0.048 | Return On Assets 0.0179 |
The market value of Neogen is measured differently than its book value, which is the value of Neogen that is recorded on the company's balance sheet. Investors also form their own opinion of Neogen's value that differs from its market value or its book value, called intrinsic value, which is Neogen'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 Neogen's market value can be influenced by many factors that don't directly affect Neogen'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 Neogen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neogen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neogen'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.
Neogen '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 Neogen'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 Neogen.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Neogen on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Neogen or generate 0.0% return on investment in Neogen over 30 days. Neogen is related to or competes with Olink Holding, Sotera Health, RadNet, BiodesixInc, Castle Biosciences, Prenetics Global, and IQVIA Holdings. Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and an... More
Neogen 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 Neogen'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 Neogen upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 15.48 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 3.42 |
Neogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neogen's standard deviation. In reality, there are many statistical measures that can use Neogen historical prices to predict the future Neogen's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (0.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Neogen'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.
Neogen Backtested Returns
Neogen has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Neogen exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Neogen's Mean Deviation of 1.94, standard deviation of 2.63, and Risk Adjusted Performance of (0.1) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 2.51, 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, Neogen will likely underperform. Neogen has an expected return of -0.39%. Please make sure to verify Neogen potential upside, as well as the relationship between the daily balance of power and price action indicator , to decide if Neogen performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Neogen has weak predictability. Overlapping area represents the amount of predictability between Neogen time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Neogen price movement. The serial correlation of 0.22 indicates that over 22.0% of current Neogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Neogen lagged returns against current returns
Autocorrelation, which is Neogen 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 Neogen's stock expected returns. We can calculate the autocorrelation of Neogen returns to help us make a trade decision. For example, suppose you find that Neogen 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 |
Neogen 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 Neogen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neogen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neogen stock over time.
Current vs Lagged Prices |
| Timeline |
Neogen Lagged Returns
When evaluating Neogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neogen stock have on its future price. Neogen 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, Neogen autocorrelation shows the relationship between Neogen stock current value and its past values and can show if there is a momentum factor associated with investing in Neogen.
Regressed Prices |
| Timeline |
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When running Neogen's price analysis, check to measure Neogen'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 Neogen is operating at the current time. Most of Neogen's value examination focuses on studying past and present price action to predict the probability of Neogen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neogen's price. Additionally, you may evaluate how the addition of Neogen to your portfolios can decrease your overall portfolio volatility.
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Neogen 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.