Neogen Stock Technical Analysis
NEOG Stock | USD 11.93 0.21 1.73% |
As of the 19th of April, Neogen secures the Standard Deviation of 2.63, mean deviation of 1.92, and Risk Adjusted Performance of (0.13). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Neogen, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate data for thirteen technical drivers for Neogen, which can be compared to its peers in the industry. Please verify Neogen information ratio and potential upside to decide if Neogen is priced some-what accurately, providing market reflects its recent price of 11.93 per share. Given that Neogen has information ratio of (0.25), we recommend you to check Neogen's last-minute market performance to make sure the company can sustain itself at a future point.
Neogen Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Neogen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NeogenNeogen |
Neogen Analyst Consensus
Target Price | Advice | # of Analysts | |
22.25 | Buy | 2 | Odds |
Most Neogen analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Neogen stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Neogen, talking to its executives and customers, or listening to Neogen conference calls.
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.
Neogen Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Neogen volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Neogen Trend Analysis
Use this graph to draw trend lines for Neogen. You can use it to identify possible trend reversals for Neogen as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Neogen price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Neogen Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Neogen applied against its price change over selected period. The best fit line has a slop of 0.07 , which may suggest that Neogen market price will keep on failing further. It has 122 observation points and a regression sum of squares at 168.04, which is the sum of squared deviations for the predicted Neogen price change compared to its average price change.About Neogen Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Neogen on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Neogen based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Neogen price pattern first instead of the macroeconomic environment surrounding Neogen. By analyzing Neogen's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Neogen's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Neogen specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 25.16 | 22.36 | Price To Sales Ratio | 3.62 | 3.19 |
Neogen April 19, 2024 Technical Indicators
Most technical analysis of Neogen help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Neogen from various momentum indicators to cycle indicators. When you analyze Neogen charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0.13) | |||
Market Risk Adjusted Performance | (0.23) | |||
Mean Deviation | 1.92 | |||
Coefficient Of Variation | (448.52) | |||
Standard Deviation | 2.63 | |||
Variance | 6.91 | |||
Information Ratio | (0.25) | |||
Jensen Alpha | (0.74) | |||
Total Risk Alpha | (0.85) | |||
Treynor Ratio | (0.24) | |||
Maximum Drawdown | 15.48 | |||
Value At Risk | (4.77) | |||
Potential Upside | 3.29 | |||
Skewness | (0.44) | |||
Kurtosis | 1.46 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neogen. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Neogen Stock please use our How to Invest in Neogen guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Neogen Stock analysis
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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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.