Nextera Energy Preferred Stock Market Value
| NEE-PR Preferred Stock | USD 41.44 0.06 0.14% |
| 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.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Nextera Energy on January 27, 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 Amgen, Grupo Televisa, Merit Medical, Cheche Group, Joint Corp, Viemed Healthcare, and Cardinal Health. 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 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 | (0.05) | |||
| Maximum Drawdown | 8.07 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 2.37 |
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 | (0.08) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 6.03 |
Nextera Energy Backtested Returns
Nextera Energy has Sharpe Ratio of -0.048, which conveys that the firm had a -0.048 % return per unit of risk over the last 3 months. Nextera Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nextera Energy's Standard Deviation of 1.41, mean deviation of 0.9997, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0129, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nextera Energy are expected to decrease at a much lower rate. During the bear market, Nextera Energy is likely to outperform the market. At this point, Nextera Energy has a negative expected return of -0.0678%. 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 | -0.65 |
Very good reverse predictability
Nextera Energy has very good reverse predictability. Overlapping area represents the amount of predictability between Nextera Energy time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 -0.65 indicates that roughly 65.0% of current Nextera Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
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 against 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.Additional Tools for Nextera Preferred 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.