Nevo Energy Stock Market Value
| NEVE Stock | USD 1.00 0.00 0.00% |
| Symbol | Nevo |
Nevo 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 Nevo Energy's pink sheet 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 Nevo Energy.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Nevo Energy on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Nevo Energy or generate 0.0% return on investment in Nevo Energy over 360 days. Nevo Energy is related to or competes with Tokyo Electric, Clearway Energy, Brookfield Renewable, Clearway Energy, and Nextera Energy. Nevo Energy, Inc. develops and intends to build, own, and operate renewable energy projects to deliver electricity to ut... More
Nevo 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 Nevo Energy's pink sheet 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 Nevo Energy upside and downside potential and time the market with a certain degree of confidence.
Nevo Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nevo Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nevo Energy's standard deviation. In reality, there are many statistical measures that can use Nevo Energy historical prices to predict the future Nevo Energy's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nevo 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.
Nevo Energy Backtested Returns
We have found three technical indicators for Nevo Energy, which you can use to evaluate the volatility of the firm. The company secures a Beta (Market Risk) of 0.0, which conveys not very significant fluctuations relative to the market. the returns on MARKET and Nevo Energy are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Nevo Energy has no correlation between past and present. Overlapping area represents the amount of predictability between Nevo Energy time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 Nevo Energy price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nevo Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Nevo Energy lagged returns against current returns
Autocorrelation, which is Nevo Energy pink sheet'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 Nevo Energy's pink sheet expected returns. We can calculate the autocorrelation of Nevo Energy returns to help us make a trade decision. For example, suppose you find that Nevo Energy has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Nevo 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 Nevo Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nevo Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nevo Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Nevo Energy Lagged Returns
When evaluating Nevo Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nevo Energy pink sheet have on its future price. Nevo 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, Nevo Energy autocorrelation shows the relationship between Nevo Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Nevo Energy.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Nevo Pink Sheet
Nevo Energy financial ratios help investors to determine whether Nevo Pink Sheet 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 Nevo with respect to the benefits of owning Nevo Energy security.