NEOS ETF's market value is the price at which a share of NEOS ETF trades on a public exchange. It measures the collective expectations of NEOS ETF Trust investors about its performance. NEOS ETF is trading at 25.14 as of the 5th of January 2025. This is a 0.71 percent down since the beginning of the trading day. The etf's lowest day price was 25.14. With this module, you can estimate the performance of a buy and hold strategy of NEOS ETF Trust and determine expected loss or profit from investing in NEOS ETF over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
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.
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11/06/2024
No Change 0.00
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In 2 months and 1 day
01/05/2025
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If you would invest 0.00 in NEOS ETF on November 6, 2024 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 60 days.
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.
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.
NEOS ETF Trust has Sharpe Ratio of -0.0603, which conveys that the entity had a -0.0603% return per unit of volatility over the last 3 months. NEOS ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NEOS ETF's risk adjusted performance of (0.06), and Mean Deviation of 0.5282 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of 0.0216, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NEOS ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding NEOS ETF is expected to be smaller as well.
Auto-correlation
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No correlation between past and present
NEOS ETF Trust has no correlation between past and present. Overlapping area represents the amount of predictability between NEOS ETF time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th of January 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 0.0 indicates that just 0.0% of current NEOS ETF price fluctuation can be explain by its past prices.
Correlation Coefficient
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Spearman Rank Test
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Residual Average
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Price Variance
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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.