Neoen Sa Stock Market Value
| NOSPF Stock | USD 42.00 0.00 0.00% |
| Symbol | Neoen |
Neoen SA '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 Neoen SA's otc 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 Neoen SA.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Neoen SA on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Neoen SA or generate 0.0% return on investment in Neoen SA over 720 days. Neoen SA is related to or competes with Steven Madden, Virgin Group, Hooker Furniture, TFI International, Timken, and Vera Bradley. Neoen S.A., an independent renewable energy production company, engages in the design, development, finance, constructio... More
Neoen SA 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 Neoen SA's otc 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 Neoen SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.89 |
Neoen SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neoen SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neoen SA's standard deviation. In reality, there are many statistical measures that can use Neoen SA historical prices to predict the future Neoen SA's volatility.| Risk Adjusted Performance | 0.1419 | |||
| Jensen Alpha | 0.0699 | |||
| Total Risk Alpha | 0.0023 | |||
| Treynor Ratio | 17.61 |
Neoen SA Backtested Returns
At this point, Neoen SA is very steady. Neoen SA has Sharpe Ratio of 0.2, which conveys that the firm had a 0.2% return per unit of risk over the last 3 months. We have found sixteen technical indicators for Neoen SA, which you can use to evaluate the volatility of the firm. Please verify Neoen SA's Risk Adjusted Performance of 0.1419, standard deviation of 0.4084, and Mean Deviation of 0.1536 to check out if the risk estimate we provide is consistent with the expected return of 0.0817%. Neoen SA has a performance score of 15 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.004, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Neoen SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Neoen SA is expected to be smaller as well. Neoen SA right now secures a risk of 0.41%. Please verify Neoen SA information ratio and rate of daily change , to decide if Neoen SA will be following its current price movements.
Auto-correlation | 0.50 |
Modest predictability
Neoen SA has modest predictability. Overlapping area represents the amount of predictability between Neoen SA time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Neoen SA price movement. The serial correlation of 0.5 indicates that about 50.0% of current Neoen SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 5.9 |
Neoen SA lagged returns against current returns
Autocorrelation, which is Neoen SA otc 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 Neoen SA's otc stock expected returns. We can calculate the autocorrelation of Neoen SA returns to help us make a trade decision. For example, suppose you find that Neoen SA has exhibited high autocorrelation historically, and you observe that the otc 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 |
Neoen SA 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 Neoen SA otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neoen SA otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neoen SA otc stock over time.
Current vs Lagged Prices |
| Timeline |
Neoen SA Lagged Returns
When evaluating Neoen SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neoen SA otc stock have on its future price. Neoen SA 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, Neoen SA autocorrelation shows the relationship between Neoen SA otc stock current value and its past values and can show if there is a momentum factor associated with investing in Neoen SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Neoen OTC Stock
Neoen SA financial ratios help investors to determine whether Neoen OTC 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 Neoen with respect to the benefits of owning Neoen SA security.