Neste Oil Correlations
| NESTE Stock | EUR 9.29 0.22 2.31% |
The current 90-days correlation between Neste Oil Oyj and Sampo Oyj A is 0.03 (i.e., Significant diversification). The correlation of Neste Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Neste Oil Correlation With Market
Good diversification
The correlation between Neste Oil Oyj and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neste Oil Oyj and DJI in the same portfolio, assuming nothing else is changed.
Neste |
The ability to find closely correlated positions to Neste Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Neste Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Neste Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Neste Oil Oyj to buy it.
Moving against Neste Stock
| 0.94 | KNEBV | KONE Oyj | PairCorr |
| 0.93 | RAUTE | Raute Oyj | PairCorr |
| 0.92 | FIA1S | Finnair Oyj | PairCorr |
| 0.87 | VIK1V | Viking Line Abp | PairCorr |
| 0.84 | AKTIA | Aktia Bank Abp | PairCorr |
| 0.8 | SAMPO | Sampo Oyj A Split | PairCorr |
| 0.65 | VIAFIN | Viafin Service Oyj | PairCorr |
| 0.62 | ALBBV | Alandsbanken Abp B | PairCorr |
| 0.59 | ALBAV | Alandsbanken Abp A | PairCorr |
Related Correlations Analysis
| 0.89 | 0.91 | 0.33 | 0.93 | FORTUM | ||
| 0.89 | 0.91 | 0.14 | 0.86 | SAMPO | ||
| 0.91 | 0.91 | 0.43 | 0.94 | NDA-FI | ||
| 0.33 | 0.14 | 0.43 | 0.52 | UPM | ||
| 0.93 | 0.86 | 0.94 | 0.52 | KNEBV | ||
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Risk-Adjusted Indicators
There is a big difference between Neste Stock performing well and Neste Oil Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Neste Oil's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FORTUM | 1.22 | 0.24 | 0.20 | 49.34 | 1.22 | 2.78 | 7.58 | |||
| SAMPO | 0.74 | 0.18 | 0.24 | 1.51 | 0.74 | 1.41 | 5.66 | |||
| NDA-FI | 0.97 | 0.38 | 0.39 | 4.77 | 0.65 | 2.37 | 6.76 | |||
| UPM | 1.24 | 0.07 | 0.09 | 0.20 | 1.26 | 3.22 | 7.31 | |||
| KNEBV | 0.96 | 0.30 | 0.34 | 0.64 | 0.73 | 2.15 | 6.82 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Neste Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Neste Oil Corporate Management
Elected by the shareholders, the Neste Oil's board of directors comprises two types of representatives: Neste Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Neste. The board's role is to monitor Neste Oil's management team and ensure that shareholders' interests are well served. Neste Oil's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Neste Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lars MBA | VP Innovation | Profile | |
| Susanna Sieppi | VP Communications | Profile | |
| JuhaPekka Keklinen | VP Relations | Profile | |
| Tommi Tuovila | Chief Officer | Profile | |
| Patrick Essen | Managing Solutions | Profile | |
| Martti AlaHarkonen | Strategy Officer | Profile | |
| Hannele M | HSSEQ HR | Profile |