Nextera Energy Preferred Stock Market Value
| NEE-PN Preferred Stock | USD 23.43 0.04 0.17% |
| 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 preferred 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.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Nextera Energy on January 30, 2025 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 Duke Energy, Southern, National Rural, CMS Energy, and Southern. 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 preferred 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.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.72 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.17 |
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 | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.13) |
Nextera Energy Backtested Returns
Nextera Energy has Sharpe Ratio of -0.0505, which conveys that the firm had a -0.0505 % return per unit of risk over the last 3 months. Nextera Energy exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nextera Energy's Risk Adjusted Performance of (0.03), standard deviation of 0.7426, and Mean Deviation of 0.5155 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.35, 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. At this point, Nextera Energy has a negative expected return of -0.0392%. Please make sure to verify Nextera Energy's accumulation distribution, as well as the relationship between the day median price and period momentum indicator , to decide if Nextera Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.17 |
Very weak predictability
Nextera Energy has very weak predictability. Overlapping area represents the amount of predictability between Nextera Energy time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 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 Nextera Energy price movement. The serial correlation of 0.17 indicates that over 17.0% of current Nextera Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Nextera Energy lagged returns against current returns
Autocorrelation, which is Nextera Energy preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nextera Energy preferred 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 preferred 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 preferred 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 preferred 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 |
Pair Trading with Nextera Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nextera Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nextera Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Nextera Preferred Stock
The ability to find closely correlated positions to Nextera Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nextera Energy 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 Nextera Energy - 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 Nextera Energy to buy it.
The correlation of Nextera Energy 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nextera Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nextera Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nextera Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Nextera Preferred Stock
Nextera Energy financial ratios help investors to determine whether Nextera Preferred 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 Nextera with respect to the benefits of owning Nextera Energy security.