NextEra Energy (Brazil) Market Value
| NEXT34 Stock | BRL 104.03 4.89 4.93% |
| Symbol | NextEra |
NextEra 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 NextEra 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 NextEra Energy.
| 05/04/2024 |
| 06/03/2024 |
If you would invest 0.00 in NextEra Energy on May 4, 2024 and sell it all today you would earn a total of 0.00 from holding NextEra Energy or generate 0.0% return on investment in NextEra Energy over 30 days. NextEra Energy is related to or competes with Centrais Eltricas, Transmissora Aliana, CPFL Energia, Engie Brasil, Equatorial Energia, and CTEEP Companhia. NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail an... More
NextEra 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 NextEra 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 NextEra Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.4095 | |||
| Maximum Drawdown | 6.65 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 3.39 |
NextEra Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NextEra Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NextEra Energy's standard deviation. In reality, there are many statistical measures that can use NextEra Energy historical prices to predict the future NextEra Energy's volatility.| Risk Adjusted Performance | 0.281 | |||
| Jensen Alpha | 0.6202 | |||
| Total Risk Alpha | 0.5528 | |||
| Sortino Ratio | 0.5865 | |||
| Treynor Ratio | 1.46 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NextEra 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.
NextEra Energy Backtested Returns
NextEra Energy appears to be very steady, given 3 months investment horizon. NextEra Energy has Sharpe Ratio of 0.46, which conveys that the firm had a 0.46% return per unit of risk over the last 3 months. By analyzing NextEra Energy's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please exercise NextEra Energy's Mean Deviation of 1.1, coefficient of variation of 227.05, and Risk Adjusted Performance of 0.281 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NextEra Energy holds a performance score of 36. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NextEra Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding NextEra Energy is expected to be smaller as well. Please check NextEra Energy's potential upside, skewness, rate of daily change, as well as the relationship between the semi variance and accumulation distribution , to make a quick decision on whether NextEra Energy's current price movements will revert.
Auto-correlation | 0.61 |
Good predictability
NextEra Energy has good predictability. Overlapping area represents the amount of predictability between NextEra Energy time series from 4th of May 2024 to 19th of May 2024 and 19th of May 2024 to 3rd of June 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 NextEra Energy price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current NextEra Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 6.69 |
NextEra Energy lagged returns against current returns
Autocorrelation, which is NextEra 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 NextEra Energy's stock expected returns. We can calculate the autocorrelation of NextEra Energy returns to help us make a trade decision. For example, suppose you find that NextEra 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 |
NextEra 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 NextEra Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NextEra Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NextEra Energy stock over time.
Current vs Lagged Prices |
| Timeline |
NextEra Energy Lagged Returns
When evaluating NextEra Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NextEra Energy stock have on its future price. NextEra 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, NextEra Energy autocorrelation shows the relationship between NextEra Energy stock current value and its past values and can show if there is a momentum factor associated with investing in NextEra 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.When determining whether NextEra Energy is a strong investment it is important to analyze NextEra 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 NextEra Energy's future performance. For an informed investment choice regarding NextEra Stock, refer to the following important reports:Check out NextEra Energy Correlation, NextEra Energy Volatility and NextEra Energy Alpha and Beta module to complement your research on NextEra Energy. For information on how to trade NextEra Stock refer to our How to Trade NextEra Stock guide.Note that the NextEra Energy information on this page should be used as a complementary analysis to other NextEra Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for NextEra Stock analysis
When running NextEra Energy's price analysis, check to measure NextEra Energy'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 NextEra Energy is operating at the current time. Most of NextEra Energy's value examination focuses on studying past and present price action to predict the probability of NextEra Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NextEra Energy's price. Additionally, you may evaluate how the addition of NextEra Energy to your portfolios can decrease your overall portfolio volatility.
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NextEra 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.