Neste Oyj's market value is the price at which a share of Neste Oyj trades on a public exchange. It measures the collective expectations of Neste Oyj investors about its performance. Neste Oyj is trading at 12.71 as of the 18th of January 2025. This is a 1.01 percent decrease since the beginning of the trading day. The stock's lowest day price was 12.55. With this module, you can estimate the performance of a buy and hold strategy of Neste Oyj and determine expected loss or profit from investing in Neste Oyj over a given investment horizon. Check out Neste Oyj Correlation, Neste Oyj Volatility and Neste Oyj Alpha and Beta module to complement your research on Neste Oyj.
Please note, there is a significant difference between Neste Oyj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Neste Oyj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Neste Oyj's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
12/19/2024
No Change 0.00
0.0
In 31 days
01/18/2025
0.00
If you would invest 0.00 in Neste Oyj on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Neste Oyj or generate 0.0% return on investment in Neste Oyj over 30 days. Neste Oyj is related to or competes with Phibro Animal, CLOVER HEALTH, CARDINAL HEALTH, China DatangRenewable, MICRONIC MYDATA, RCI Hospitality, and CN DATANG. 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 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 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.
Neste Oyj has Sharpe Ratio of -0.0961, which conveys that the firm had a -0.0961% return per unit of risk over the last 3 months. Neste Oyj exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Neste Oyj's Standard Deviation of 2.75, mean deviation of 2.14, and Risk Adjusted Performance of (0.12) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Neste Oyj's returns are expected to increase less than the market. However, during the bear market, the loss of holding Neste Oyj is expected to be smaller as well. At this point, Neste Oyj has a negative expected return of -0.27%. Please make sure to verify Neste Oyj's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Neste Oyj performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.77
Almost perfect reverse predictability
Neste Oyj has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Neste Oyj time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Neste Oyj price movement. The serial correlation of -0.77 indicates that around 77.0% of current Neste Oyj price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.77
Spearman Rank Test
-0.68
Residual Average
0.0
Price Variance
0.06
Neste Oyj 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.
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.