Nextera Energy Preferred Stock Market Value

NEE-PN Preferred Stock  USD 24.37  0.43  1.73%   
Nextera Energy's market value is the price at which a share of Nextera Energy trades on a public exchange. It measures the collective expectations of Nextera Energy investors about its performance. Nextera Energy is selling at 24.37 as of the 29th of November 2024; that is 1.73 percent decrease since the beginning of the trading day. The preferred stock's open price was 24.8.
With this module, you can estimate the performance of a buy and hold strategy of Nextera Energy and determine expected loss or profit from investing in Nextera Energy over a given investment horizon. Check out Nextera Energy Correlation, Nextera Energy Volatility and Nextera Energy Alpha and Beta module to complement your research on Nextera Energy.
To learn how to invest in Nextera Preferred Stock, please use our How to Invest in Nextera Energy guide.
Symbol

Please note, there is a significant difference between Nextera Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextera Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextera Energy'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.

Nextera Energy 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Nextera Energy's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Nextera Energy.
0.00
06/08/2023
No Change 0.00  0.0 
In 1 year 5 months and 25 days
11/29/2024
0.00
If you would invest  0.00  in Nextera Energy on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Nextera Energy or generate 0.0% return on investment in Nextera Energy over 540 days. Nextera Energy is related to or competes with Pacific Gas, Pacific Gas, Pacific Gas, Pacific Gas, and Pacific Gas. More

Nextera Energy Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Nextera Energy's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Nextera Energy upside and downside potential and time the market with a certain degree of confidence.

Nextera Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextera Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nextera Energy's standard deviation. In reality, there are many statistical measures that can use Nextera Energy historical prices to predict the future Nextera Energy's volatility.
Hype
Prediction
LowEstimatedHigh
24.3524.8025.25
Details
Intrinsic
Valuation
LowRealHigh
24.4724.9125.37
Details

Nextera Energy Backtested Returns

As of now, Nextera Preferred Stock is very steady. Nextera Energy has Sharpe Ratio of 2.0E-4, which conveys that the firm had a 2.0E-4% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Nextera Energy, which you can use to evaluate the volatility of the firm. Please verify Nextera Energy's Standard Deviation of 0.4643, mean deviation of 0.3655, and Risk Adjusted Performance of (0.02) to check out if the risk estimate we provide is consistent with the expected return of 1.0E-4%. The company secures a Beta (Market Risk) of 0.0312, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nextera Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nextera Energy is expected to be smaller as well. Nextera Energy right now secures a risk of 0.53%. Please verify Nextera Energy accumulation distribution, as well as the relationship between the day median price and period momentum indicator , to decide if Nextera Energy will be following its current price movements.

Auto-correlation

    
  0.36  

Below average predictability

Nextera Energy has below average predictability. Overlapping area represents the amount of predictability between Nextera Energy time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Nextera Energy price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Nextera Energy price fluctuation can be explain by its past prices.
Correlation Coefficient0.36
Spearman Rank Test0.5
Residual Average0.0
Price Variance0.27

Nextera Energy lagged returns against current returns

Autocorrelation, which is Nextera Energy preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Nextera Energy's preferred stock expected returns. We can calculate the autocorrelation of Nextera Energy returns to help us make a trade decision. For example, suppose you find that Nextera Energy has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Nextera Energy regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Nextera Energy preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextera Energy preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nextera Energy preferred stock over time.
   Current vs Lagged Prices   
       Timeline  

Nextera Energy Lagged Returns

When evaluating Nextera Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nextera Energy preferred stock have on its future price. Nextera Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Nextera Energy autocorrelation shows the relationship between Nextera Energy preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Nextera Energy.
   Regressed Prices   
       Timeline  

Pair Trading with Nextera Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nextera Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nextera Energy will appreciate offsetting losses from the drop in the long position's value.

Moving against Nextera Preferred Stock

  0.64IDA IDACORPPairCorr
  0.51EDN Empresa DistribuidoraPairCorr
  0.51ETR EntergyPairCorr
  0.45EVRG Evergy,PairCorr
  0.45AEE Ameren CorpPairCorr
The ability to find closely correlated positions to Nextera Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextera Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nextera Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nextera Energy to buy it.
The correlation of Nextera Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nextera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextera Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nextera Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Nextera Preferred Stock

Nextera Energy financial ratios help investors to determine whether Nextera Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nextera with respect to the benefits of owning Nextera Energy security.