NESTE OYJ (Germany) Market Value
| NEFA Stock | EUR 6.35 0.35 5.83% |
| 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 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 NESTE OYJ.
| 04/23/2025 |
| 07/22/2025 |
If you would invest 0.00 in NESTE OYJ on April 23, 2025 and sell it all today you would earn a total of 0.00 from holding NESTE OYJ UNSPADR or generate 0.0% return on investment in NESTE OYJ over 90 days. NESTE OYJ is related to or competes with Reliance Industries, Marathon Petroleum, Valero Energy, Phillips, ENEOS Holdings, and PTT OILRETBUS. 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 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 NESTE OYJ UNSPADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.2104 | |||
| Maximum Drawdown | 20.98 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 5.83 |
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 | 0.2405 | |||
| Jensen Alpha | 0.9253 | |||
| Total Risk Alpha | 0.3733 | |||
| Sortino Ratio | 0.2447 | |||
| Treynor Ratio | (8.25) |
NESTE OYJ UNSPADR Backtested Returns
NESTE OYJ appears to be moderately volatile, given 3 months investment horizon. NESTE OYJ UNSPADR has Sharpe Ratio of 0.24, which conveys that the firm had a 0.24 % return per unit of standard deviation over the last 3 months. By inspecting NESTE OYJ's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please exercise NESTE OYJ's Risk Adjusted Performance of 0.2405, mean deviation of 2.6, and Market Risk Adjusted Performance of (8.24) to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, NESTE OYJ holds a performance score of 19. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NESTE OYJ are expected to decrease at a much lower rate. During the bear market, NESTE OYJ is likely to outperform the market. Please check NESTE OYJ's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether NESTE OYJ's current price movements will revert.
Auto-correlation | 0.68 |
Good predictability
NESTE OYJ UNSPADR has good predictability. Overlapping area represents the amount of predictability between NESTE OYJ time series from 23rd of April 2025 to 7th of June 2025 and 7th of June 2025 to 22nd of July 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 NESTE OYJ UNSPADR price movement. The serial correlation of 0.68 indicates that around 68.0% of current NESTE OYJ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
NESTE OYJ UNSPADR lagged returns against current returns
Autocorrelation, which is NESTE OYJ 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 NESTE OYJ's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NESTE OYJ stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NESTE OYJ stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in NESTE OYJ UNSPADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in NESTE Stock
NESTE OYJ financial ratios help investors to determine whether NESTE 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 NESTE with respect to the benefits of owning NESTE OYJ security.