NRG Energy (Germany) Market Value
| NRA Stock | EUR 97.00 2.90 3.08% |
| Symbol | NRG |
NRG 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 NRG 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 NRG Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in NRG Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding NRG Energy or generate 0.0% return on investment in NRG Energy over 30 days. NRG Energy is related to or competes with Pick N, CECO ENVIRONMENTAL, SWISS WATER, Nippon Steel, United States, Tianjin Capital, and VARIOUS EATERIES. NRG Energy, Inc., together with its subsidiaries, operates as an energy company in the United States More
NRG 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 NRG 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 NRG Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.1194 | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (5.18) | |||
| Potential Upside | 4.37 |
NRG Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NRG Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NRG Energy's standard deviation. In reality, there are many statistical measures that can use NRG Energy historical prices to predict the future NRG Energy's volatility.| Risk Adjusted Performance | 0.1346 | |||
| Jensen Alpha | 0.3754 | |||
| Total Risk Alpha | 0.0321 | |||
| Sortino Ratio | 0.1065 | |||
| Treynor Ratio | 0.845 |
NRG Energy Backtested Returns
NRG Energy appears to be very steady, given 3 months investment horizon. NRG Energy 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. We have found thirty technical indicators for NRG Energy, which you can use to evaluate the volatility of the firm. Please exercise NRG Energy's risk adjusted performance of 0.1346, and Mean Deviation of 1.95 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NRG Energy holds a performance score of 10. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NRG Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding NRG Energy is expected to be smaller as well. Please check NRG Energy's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether NRG Energy's current price movements will revert.
Auto-correlation | 0.70 |
Good predictability
NRG Energy has good predictability. Overlapping area represents the amount of predictability between NRG Energy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 NRG Energy price movement. The serial correlation of 0.7 indicates that around 70.0% of current NRG Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 13.49 |
NRG Energy lagged returns against current returns
Autocorrelation, which is NRG 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 NRG Energy's stock expected returns. We can calculate the autocorrelation of NRG Energy returns to help us make a trade decision. For example, suppose you find that NRG 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 |
NRG 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 NRG Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NRG Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NRG Energy stock over time.
Current vs Lagged Prices |
| Timeline |
NRG Energy Lagged Returns
When evaluating NRG Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NRG Energy stock have on its future price. NRG 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, NRG Energy autocorrelation shows the relationship between NRG Energy stock current value and its past values and can show if there is a momentum factor associated with investing in NRG Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in NRG Stock
When determining whether NRG Energy is a strong investment it is important to analyze NRG Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NRG Energy's future performance. For an informed investment choice regarding NRG Stock, refer to the following important reports:Check out NRG Energy Correlation, NRG Energy Volatility and NRG Energy Alpha and Beta module to complement your research on NRG Energy. For more detail on how to invest in NRG Stock please use our How to Invest in NRG Energy guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
NRG Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.