Neste Oyj (Germany) Market Value
| NEF Stock | EUR 14.41 0.16 1.12% |
| Symbol | Neste |
Neste Oyj '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 Neste Oyj's 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 Neste Oyj.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Neste Oyj on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding Neste Oyj or generate 0.0% return on investment in Neste Oyj over 360 days. Neste Oyj is related to or competes with Charter Communications, ANTA SPORTS, Playtech Plc, PLAY2CHILL, USWE SPORTS, PLAYTIKA HOLDING, and JD SPORTS. Neste Oyj provides renewable and oil products in Finland and other Nordic countries, Baltic Rim, other European countrie... More
Neste Oyj 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 Neste Oyj's 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 Neste Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 14.18 | |||
| Value At Risk | (5.94) | |||
| Potential Upside | 4.62 |
Neste Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neste Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neste Oyj's standard deviation. In reality, there are many statistical measures that can use Neste Oyj historical prices to predict the future Neste Oyj's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.91) | |||
| Treynor Ratio | 4.26 |
Neste Oyj Backtested Returns
Neste Oyj has Sharpe Ratio of -0.14, which conveys that the firm had a -0.14% return per unit of risk over the last 3 months. Neste Oyj exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Neste Oyj's Standard Deviation of 3.03, risk adjusted performance of (0.1), and Mean Deviation of 2.28 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Neste Oyj are expected to decrease at a much lower rate. During the bear market, Neste Oyj is likely to outperform the market. At this point, Neste Oyj has a negative expected return of -0.41%. Please make sure to verify Neste Oyj's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Neste Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Neste Oyj has average predictability. Overlapping area represents the amount of predictability between Neste Oyj time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Neste Oyj price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Neste Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 2.9 |
Neste Oyj lagged returns against current returns
Autocorrelation, which is Neste Oyj 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 Neste Oyj's stock expected returns. We can calculate the autocorrelation of Neste Oyj returns to help us make a trade decision. For example, suppose you find that Neste Oyj has exhibited high autocorrelation historically, and you observe that the 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 |
Neste Oyj 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 Neste Oyj stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neste Oyj stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neste Oyj stock over time.
Current vs Lagged Prices |
| Timeline |
Neste Oyj Lagged Returns
When evaluating Neste Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neste Oyj stock have on its future price. Neste Oyj 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, Neste Oyj autocorrelation shows the relationship between Neste Oyj stock current value and its past values and can show if there is a momentum factor associated with investing in Neste Oyj.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Neste Stock
Neste Oyj financial ratios help investors to determine whether Neste 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 Neste with respect to the benefits of owning Neste Oyj security.