Neste Oyj Stock Market Value
| NTOIY Stock | USD 12.89 0.88 6.39% |
| Symbol | Neste |
Neste Oyj '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 Neste Oyj'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 Neste Oyj.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Neste Oyj on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Neste Oyj or generate 0.0% return on investment in Neste Oyj over 30 days. Neste Oyj is related to or competes with HF Sinclair, PBF Energy, Delek Energy, CVR Energy, Valero Energy, and Marathon Petroleum. Neste Oyj provides renewable and oil products in Finland and other Nordic countries, Baltic Rim, other European countrie... More
Neste Oyj 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 Neste Oyj'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 Neste Oyj upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 13.93 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 2.12 |
Neste Oyj Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neste Oyj's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neste Oyj's standard deviation. In reality, there are many statistical measures that can use Neste Oyj historical prices to predict the future Neste Oyj's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.41) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Neste Oyj'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.
Neste Oyj Backtested Returns
Neste Oyj 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. Neste Oyj exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Neste Oyj's Standard Deviation of 2.38, mean deviation of 1.52, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Neste Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Neste Oyj is expected to be smaller as well. Neste Oyj has an expected return of -0.33%. Please make sure to verify Neste Oyj treynor ratio and rate of daily change , to decide if Neste Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.42 |
Modest reverse predictability
Neste Oyj has modest reverse predictability. Overlapping area represents the amount of predictability between Neste Oyj time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Neste Oyj price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Neste Oyj price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Neste Oyj lagged returns against current returns
Autocorrelation, which is Neste Oyj 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 Neste Oyj's pink sheet expected returns. We can calculate the autocorrelation of Neste Oyj returns to help us make a trade decision. For example, suppose you find that Neste Oyj 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 |
Neste Oyj 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 Neste Oyj pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neste Oyj pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neste Oyj pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Neste Oyj Lagged Returns
When evaluating Neste Oyj's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neste Oyj pink sheet have on its future price. Neste Oyj 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, Neste Oyj autocorrelation shows the relationship between Neste Oyj pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Neste Oyj.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Neste Oyj in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Neste Oyj's short interest history, or implied volatility extrapolated from Neste Oyj options trading.
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When running Neste Oyj's price analysis, check to measure Neste Oyj'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 Neste Oyj is operating at the current time. Most of Neste Oyj's value examination focuses on studying past and present price action to predict the probability of Neste Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neste Oyj's price. Additionally, you may evaluate how the addition of Neste Oyj to your portfolios can decrease your overall portfolio volatility.
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Neste Oyj technical pink sheet 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, pink sheet market cycles, or different charting patterns.