Nextera Energy Partners Stock Market Value
| NEP Stock | USD 17.28 0.50 2.98% |
| Symbol | Nextera |
Nextera Energy Partners Price To Book Ratio
Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nextera Energy. If investors know Nextera will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nextera Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.245 | Dividend Share 3.595 | Earnings Share 0.61 | Revenue Per Share 12.485 | Quarterly Revenue Growth 0.036 |
The market value of Nextera Energy Partners is measured differently than its book value, which is the value of Nextera that is recorded on the company's balance sheet. Investors also form their own opinion of Nextera Energy's value that differs from its market value or its book value, called intrinsic value, which is Nextera Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nextera Energy's market value can be influenced by many factors that don't directly affect Nextera Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Nextera Energy on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Nextera Energy Partners or generate 0.0% return on investment in Nextera Energy over 30 days. Nextera Energy is related to or competes with Brookfield Renewable, Algonquin Power, Clearway Energy, Atlantica Sustainable, Clearway Energy, Brookfield Renewable, and Orsted A/S. NextEra Energy Partners, LP acquires, owns, and manages contracted clean energy projects in the United States 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 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 Partners upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (5.54) | |||
| Potential Upside | 3.19 |
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.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (1.00) | |||
| Treynor Ratio | (0.59) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nextera Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nextera Energy Partners Backtested Returns
Nextera Energy Partners has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Nextera Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nextera Energy's Mean Deviation of 2.14, risk adjusted performance of (0.11), and Standard Deviation of 3.15 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.86, which conveys possible diversification benefits within a given portfolio. Nextera Energy returns are very sensitive to returns on the market. As the market goes up or down, Nextera Energy is expected to follow. At this point, Nextera Energy Partners has a negative expected return of -0.43%. Please make sure to verify Nextera Energy's potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index , to decide if Nextera Energy Partners performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.4 |
Poor reverse predictability
Nextera Energy Partners has poor reverse predictability. Overlapping area represents the amount of predictability between Nextera Energy time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Partners price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Nextera Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Nextera Energy Partners lagged returns against current returns
Autocorrelation, which is Nextera Energy 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextera Energy 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 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 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Nextera Energy Partners.
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 together with Nextera Stock
Moving against Nextera Stock
| 0.78 | ELLO | Ellomay Capital | PairCorr |
| 0.76 | GEV | GE Vernova LLC Downward Rally | PairCorr |
| 0.75 | NRGV | Energy Vault Holdings Buyout Trend | PairCorr |
| 0.72 | ADN | Advent Technologies | PairCorr |
| 0.69 | ORA | Ormat Technologies | PairCorr |
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 Partners 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 Partners 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.Additional Tools for Nextera Stock Analysis
When running Nextera Energy's price analysis, check to measure Nextera Energy'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 Nextera Energy is operating at the current time. Most of Nextera Energy's value examination focuses on studying past and present price action to predict the probability of Nextera Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextera Energy's price. Additionally, you may evaluate how the addition of Nextera Energy to your portfolios can decrease your overall portfolio volatility.