NESTE OYJ (Germany) Price on March 17, 2023

NEFA Stock  EUR 6.80  0.15  2.16%   
If you're considering investing in NESTE Stock, it is important to understand the factors that can impact its price. As of today, the current price of NESTE OYJ stands at 6.80, as last reported on the 23rd of November, with the highest price reaching 6.80 and the lowest price hitting 6.80 during the day. NESTE OYJ UNSPADR has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of standard deviation over the last 3 months. NESTE OYJ exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NESTE OYJ's Mean Deviation of 2.55, risk adjusted performance of (0.1), and Market Risk Adjusted Performance of 0.7906 to check out the risk estimate we provide.
  
NESTE Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1469

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Estimated Market Risk

 3.07
  actual daily
27
73% of assets are more volatile

Expected Return

 -0.45
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.15
  actual daily
0
Most of other assets perform better
Based on monthly moving average NESTE OYJ is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NESTE OYJ by adding NESTE OYJ to a well-diversified portfolio.

NESTE OYJ Valuation on March 17, 2023

It is possible to determine the worth of NESTE OYJ on a given historical date. On March 17, 2023 NESTE was worth 18.9 at the beginning of the trading date compared to the closed value of 18.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NESTE OYJ stock. Still, in general, we apply an absolute valuation method to find NESTE OYJ's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NESTE OYJ where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NESTE OYJ's related companies.
 Open High Low Close Volume
  19.08    19.08    19.08    19.08    1.00  
03/17/2023
  18.90    18.90    18.90    18.90    1.00  
  18.72    18.72    18.72    18.72    1.00  
Backtest NESTE OYJ  |  NESTE OYJ History  |  NESTE OYJ Valuation   PreviousNext  
Open Value
18.9
18.9
Closing Value
28.10
Upside

NESTE OYJ Trading Date Momentum on March 17, 2023

On March 20 2023 NESTE OYJ UNSPADR was traded for  18.72  at the closing time. The maximum traded price for the trading interval was 18.72  and the lowest daily price was  18.72 . There was no trading activity during the period 1.0. Lack of trading volume on 20th of March 2023 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 0.95% . The trading delta at closing time to the closing price today is 3.81% .

NESTE OYJ UNSPADR Fundamentals Correlations and Trends

By evaluating NESTE OYJ's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NESTE OYJ's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NESTE financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About NESTE OYJ Stock history

NESTE OYJ investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NESTE is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NESTE OYJ UNSPADR will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NESTE OYJ stock prices may prove useful in developing a viable investing in NESTE OYJ
Neste Oyj provides renewable and oil products in Finland and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. Neste Oyj was founded in 1948 and is headquartered in Espoo, Finland. NESTE OYJ operates under Oil Gas Refining Marketing classification in Germany and is traded on Frankfurt Stock Exchange. It employs 5137 people.

NESTE OYJ Stock Technical Analysis

NESTE OYJ 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.
A focus of NESTE OYJ technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NESTE OYJ trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

NESTE OYJ Period Price Range

Low
November 23, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

NESTE OYJ UNSPADR cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

NESTE OYJ November 23, 2024 Market Strength

Market strength indicators help investors to evaluate how NESTE OYJ stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NESTE OYJ shares will generate the highest return on investment. By undertsting and applying NESTE OYJ stock market strength indicators, traders can identify NESTE OYJ UNSPADR entry and exit signals to maximize returns

NESTE OYJ Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NESTE OYJ's price direction in advance. Along with the technical and fundamental analysis of NESTE Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NESTE to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for NESTE Stock analysis

When running NESTE OYJ's price analysis, check to measure NESTE OYJ'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 NESTE OYJ is operating at the current time. Most of NESTE OYJ's value examination focuses on studying past and present price action to predict the probability of NESTE OYJ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NESTE OYJ's price. Additionally, you may evaluate how the addition of NESTE OYJ to your portfolios can decrease your overall portfolio volatility.
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