Neoen SA (France) Price on August 30, 2024
If you're considering investing in Neoen Stock, it is important to understand the factors that can impact its price. Currently, Neoen SA is very steady. Neoen SA has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty technical indicators for Neoen SA, which you can use to evaluate the volatility of the firm. Please verify Neoen SA's Mean Deviation of 0.1345, coefficient of variation of 636.98, and Risk Adjusted Performance of 0.0909 to check out if the risk estimate we provide is consistent with the expected return of 0.0305%.
Neoen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Neoen |
Sharpe Ratio = 0.157
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| Negative Returns | NEOEN |
Estimated Market Risk
| 0.19 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Neoen SA is performing at about 12% of its full potential. 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 Neoen SA by adding it to a well-diversified portfolio.
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Price Boundaries
Neoen SA Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Neoen SA cannot be verified against its exchange. Please verify the symbol is currently traded on Euronext Paris. 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.
Neoen SA November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Neoen SA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Neoen SA shares will generate the highest return on investment. By undertsting and applying Neoen SA stock market strength indicators, traders can identify Neoen SA entry and exit signals to maximize returns
Neoen SA Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Neoen SA's price direction in advance. Along with the technical and fundamental analysis of Neoen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Neoen 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.
| Risk Adjusted Performance | 0.0909 | |||
| Jensen Alpha | 0.0181 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.73) | |||
| Treynor Ratio | 1.01 |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Other Tools for Neoen Stock
When running Neoen SA's price analysis, check to measure Neoen SA'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 Neoen SA is operating at the current time. Most of Neoen SA's value examination focuses on studying past and present price action to predict the probability of Neoen SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neoen SA's price. Additionally, you may evaluate how the addition of Neoen SA to your portfolios can decrease your overall portfolio volatility.
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