Neonode Correlations

Neonode Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neonode. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. To learn how to invest in Neonode Stock, please use our How to Invest in Neonode guide.

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations LTRX + 0.9 LPTH LPTH + 0.89 LINK LTRX + 0.8 LINK LTRX + 0.75 NSYS NSYS + 0.71 LINK NSYS + 0.66 LPTH

High negative correlations LTRX - 0.61 REFR LPTH - 0.51 REFR NSYS - 0.39 REFR REFR - 0.3 LINK LTRX - 0.1 HOLO HOLO - 0.04 LPTH

Risk-Adjusted Indicators

There is a big difference between Neonode Stock performing well and Neonode Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Neonode's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.