NEOS ETF Trust Market Value
NUSIDelisted Etf | USD 26.78 0.08 0.30% |
Symbol | NEOS |
NEOS ETF '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 NEOS ETF's etf 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 NEOS ETF.
03/07/2023 |
| 02/24/2025 |
If you would invest 0.00 in NEOS ETF on March 7, 2023 and sell it all today you would earn a total of 0.00 from holding NEOS ETF Trust or generate 0.0% return on investment in NEOS ETF over 720 days. NEOS ETF is related to or competes with Global X, Global X, Global X, Amplify CWP, and JPMorgan Equity. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective principally by inves... More
NEOS ETF 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 NEOS ETF's etf 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 NEOS ETF Trust upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.7379 | |||
Information Ratio | 0.0997 | |||
Maximum Drawdown | 3.12 | |||
Value At Risk | (0.98) | |||
Potential Upside | 0.9249 |
NEOS ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEOS ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NEOS ETF's standard deviation. In reality, there are many statistical measures that can use NEOS ETF historical prices to predict the future NEOS ETF's volatility.Risk Adjusted Performance | 0.074 | |||
Jensen Alpha | 0.0549 | |||
Total Risk Alpha | 0.0617 | |||
Sortino Ratio | 0.0852 | |||
Treynor Ratio | (21.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NEOS ETF'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.
NEOS ETF Trust Backtested Returns
NEOS ETF is very steady at the moment. NEOS ETF Trust has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12 % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for NEOS ETF, which you can use to evaluate the volatility of the etf. Please verify NEOS ETF's risk adjusted performance of 0.074, and Mean Deviation of 0.4696 to check out if the risk estimate we provide is consistent with the expected return of 0.0736%. The etf secures a Beta (Market Risk) of -0.0026, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NEOS ETF are expected to decrease at a much lower rate. During the bear market, NEOS ETF is likely to outperform the market.
Auto-correlation | 0.89 |
Very good predictability
NEOS ETF Trust has very good predictability. Overlapping area represents the amount of predictability between NEOS ETF time series from 7th of March 2023 to 1st of March 2024 and 1st of March 2024 to 24th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of NEOS ETF Trust price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current NEOS ETF price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.89 | |
Spearman Rank Test | 0.85 | |
Residual Average | 0.0 | |
Price Variance | 2.63 |
NEOS ETF Trust lagged returns against current returns
Autocorrelation, which is NEOS ETF etf'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 NEOS ETF's etf expected returns. We can calculate the autocorrelation of NEOS ETF returns to help us make a trade decision. For example, suppose you find that NEOS ETF has exhibited high autocorrelation historically, and you observe that the etf 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 |
NEOS ETF 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 NEOS ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NEOS ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NEOS ETF etf over time.
Current vs Lagged Prices |
Timeline |
NEOS ETF Lagged Returns
When evaluating NEOS ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NEOS ETF etf have on its future price. NEOS ETF 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, NEOS ETF autocorrelation shows the relationship between NEOS ETF etf current value and its past values and can show if there is a momentum factor associated with investing in NEOS ETF Trust.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Check out NEOS ETF Correlation, NEOS ETF Volatility and NEOS ETF Alpha and Beta module to complement your research on NEOS ETF. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Other Consideration for investing in NEOS Etf
If you are still planning to invest in NEOS ETF Trust check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the NEOS ETF's history and understand the potential risks before investing.
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