Neonode Correlations

NEON Stock

USD 1.45 0.05 3.57%

Correlations tend to spike during dislocations, so the stock's calm-market pairing may not hold under stress. The current 90-days correlation between Neonode and Aware Inc is 0.03 (i.e., Very good diversification).

Market Correlation Snapshot: Neonode

Weak diversification

For the present investment horizon, the measured correlation between Neonode and Dow Jones stands at 0.55, or Weak diversification. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.

Build portfolio with Neonode Stock

Neonode has a market cap of 23.5 M, operating margin of -4.55%, ROE of 39.08%. Review Correlation Analysis for broader portfolio context. The portfolio reflects a holding in Neonode. The position falls within the allocation view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Discover how to invest in Neonode Stock by reading our How to Buy Neonode Stock guide. It offers practical guidance on account setup, order types, and timing for Neonode. Use it as a practical starting point for your Neonode Stock investment research.

Moving together with Neonode Stock

0.67

CLIR

ClearSign Combustion

Pair Corr

Moving against Neonode Stock

0.85	NRXS	Neuraxis	Pair Corr
0.82	HBRIY	Harbour Energy PLC Downward Rally	Pair Corr
0.73	DSX-PB	Diana Shipping	Pair Corr
0.73	ETR	Entergy	Pair Corr
0.72	SBXD	SilverBox Corp IV	Pair Corr
0.71	SPIZF	Sparebanken Vest	Pair Corr
0.7	BSAA	BEST SPAC I	Pair Corr
0.69	HAFN	Hafnia Limited	Pair Corr
0.68	CLYM	Climb Bio	Pair Corr
0.65	OXINF	Oxford Instruments plc	Pair Corr
0.62	OCGN	Ocugen Inc Earnings Call This Week	Pair Corr
0.61	DX-PC	Dynex Capital	Pair Corr
0.6	TBCCF	TBC Bank Group	Pair Corr
0.58	KMT	Kennametal	Pair Corr
0.55	KB	KB Financial Group	Pair Corr
0.53	DTSQU	DT Cloud Star	Pair Corr
0.52	PRKR	ParkerVision	Pair Corr
0.52	NVT	nVent Electric PLC	Pair Corr
0.48	PDYN	Palladyne AI Corp	Pair Corr
0.43	NGKSF	NGK Spark Plug	Pair Corr
0.42	CHCI	Comstock Holding Trending	Pair Corr
0.35	PNAGF	PETRONAS Gas Berhad	Pair Corr
0.33	ULY	Urgently Common Stock Trending	Pair Corr
0.31	ARCB	ArcBest Corp	Pair Corr
0.82	ANAB	AnaptysBio	Pair Corr
0.81	YRAIF	Yara International ASA Downward Rally	Pair Corr
0.81	CDUAF	Canadian Utilities	Pair Corr
0.79	MTZ	MasTec Inc	Pair Corr
0.74	NEUP	Neuphoria Therapeutics	Pair Corr
0.73	KKPNY	Koninklijke KPN NV	Pair Corr
0.71	CLZNF	Clariant AG	Pair Corr
0.7	TAKD	TransAKT	Pair Corr
0.7	IPCX	Inflection Point	Pair Corr
0.7	QETAU	Quetta Acquisition	Pair Corr
0.67	STRL	Sterling Construction	Pair Corr
0.64	NVAX	Novavax	Pair Corr
0.63	BTT	BlackRock Municipal	Pair Corr
0.62	WWD	Woodward	Pair Corr

Related Correlations Analysis

	SLNH	ODYS	CPSH	AIRG	AWRE	MOB	DSWL	SVRE	PHUN	TACT
SLNH		-0.74	-0.11	-0.41	0.78	0.7	-0.09	0.73	0.8	0.79	SLNH
ODYS	-0.74		0.55	0.39	-0.78	-0.25	-0.06	-0.73	-0.67	-0.79	ODYS
CPSH	-0.11	0.55		0.46	-0.06	0.36	0.04	-0.25	-0.13	-0.26	CPSH
AIRG	-0.41	0.39	0.46		-0.09	-0.32	0.55	-0.44	-0.21	-0.26	AIRG
AWRE	0.78	-0.78	-0.06	-0.09		0.46	0.14	0.69	0.62	0.82	AWRE
MOB	0.7	-0.25	0.36	-0.32	0.46		-0.39	0.52	0.61	0.41	MOB
DSWL	-0.09	-0.06	0.04	0.55	0.14	-0.39		-0.32	0.01	0.06	DSWL
SVRE	0.73	-0.73	-0.25	-0.44	0.69	0.52	-0.32		0.57	0.76	SVRE
PHUN	0.8	-0.67	-0.13	-0.21	0.62	0.61	0.01	0.57		0.66	PHUN
TACT	0.79	-0.79	-0.26	-0.26	0.82	0.41	0.06	0.76	0.66		TACT
	SLNH	ODYS	CPSH	AIRG	AWRE	MOB	DSWL	SVRE	PHUN	TACT

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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

TACT	+ 0.82	AWRE
PHUN	+ 0.8	SLNH
TACT	+ 0.79	SLNH
AWRE	+ 0.78	SLNH
TACT	+ 0.76	SVRE
SVRE	+ 0.73	SLNH

High negative correlations

TACT	- 0.79	ODYS
AWRE	- 0.78	ODYS
ODYS	- 0.74	SLNH
SVRE	- 0.73	ODYS
PHUN	- 0.67	ODYS
SVRE	- 0.44	AIRG

Risk-Adjusted Indicators

Strong stock returns do not always mean Neonode Company is outperforming its peers on a fundamental level. A thorough review of Neonode's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SLNH	5.99	-0.20	0.00	-0.14	0.00	0.00	17.32	-10.47	44.68
ODYS	3.72	1.39	0.39	-11.72	2.98	-4.61	10.64	-4.36	30.76
CPSH	4.47	0.68	0.09	0.12	4.92	-5.45	13.93	-7.37	35.04
AIRG	2.61	0.39	0.14	0.48	2.69	-3.39	6.88	-4.55	21.19
AWRE	2.48	-0.74	0.00	-2.03	0.00	0.00	4.10	-4.88	23.83
MOB	5.51	0.12	0.00	-0.04	0.00	0.00	10.63	-11.70	26.83
DSWL	1.82	-0.01	0.00	-0.14	0.00	0.00	3.88	-3.82	17.41
SVRE	5.75	-1.94	0.00	3.48	0.00	0.00	11.11	-17.59	46.89
PHUN	2.58	0.21	0.03	0.00	2.57	-3.41	6.18	-4.47	14.60
TACT	2.59	-0.33	0.00	-1.27	0.00	0.00	6.54	-4.73	19.19

Neonode Corporate Management

Kent Plsson	Executive Engineering	Profile
Johan Swartz	Vice Industrial	Profile
Thierry Corman	VP Operations	Profile
Anthony Uhrick	VP AMER	Profile
David Brunton	Vice Relations	Profile
Urban Forssell	Strategic Advisor	Profile

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