Neoen SA (France) Market Value
| NEOEN Stock | EUR 39.85 0.02 0.05% |
| Symbol | Neoen |
Neoen SA '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 Neoen SA'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 Neoen SA.
| 01/19/2025 |
| 02/18/2025 |
If you would invest 0.00 in Neoen SA on January 19, 2025 and sell it all today you would earn a total of 0.00 from holding Neoen SA or generate 0.0% return on investment in Neoen SA over 30 days. Neoen SA is related to or competes with Voltalia, Gaztransport Technigaz, Worldline, and Rubis SCA. Neoen S.A., an independent renewable energy production company, engages in the design, development, finance, constructio... More
Neoen SA 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 Neoen SA'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 Neoen SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1468 | |||
| Information Ratio | 0.0347 | |||
| Maximum Drawdown | 0.9343 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.2014 |
Neoen SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Neoen SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Neoen SA's standard deviation. In reality, there are many statistical measures that can use Neoen SA historical prices to predict the future Neoen SA's volatility.| Risk Adjusted Performance | 0.0396 | |||
| Jensen Alpha | 0.0066 | |||
| Total Risk Alpha | 0.0063 | |||
| Sortino Ratio | 0.0372 | |||
| Treynor Ratio | (2.05) |
Neoen SA Backtested Returns
Currently, Neoen SA is very steady. Neoen SA has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Neoen SA, which you can use to evaluate the volatility of the firm. Please verify Neoen SA's Mean Deviation of 0.1045, risk adjusted performance of 0.0396, and Coefficient Of Variation of 949.04 to check out if the risk estimate we provide is consistent with the expected return of 0.0171%. Neoen SA has a performance score of 8 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0032, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Neoen SA are expected to decrease at a much lower rate. During the bear market, Neoen SA is likely to outperform the market. Neoen SA right now secures a risk of 0.15%. Please verify Neoen SA skewness, and the relationship between the value at risk and day median price , to decide if Neoen SA will be following its current price movements.
Auto-correlation | 0.49 |
Average predictability
Neoen SA has average predictability. Overlapping area represents the amount of predictability between Neoen SA time series from 19th of January 2025 to 3rd of February 2025 and 3rd of February 2025 to 18th 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 Neoen SA price movement. The serial correlation of 0.49 indicates that about 49.0% of current Neoen SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Neoen SA lagged returns against current returns
Autocorrelation, which is Neoen SA 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 Neoen SA's stock expected returns. We can calculate the autocorrelation of Neoen SA returns to help us make a trade decision. For example, suppose you find that Neoen SA 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 |
Neoen SA 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 Neoen SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Neoen SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Neoen SA stock over time.
Current vs Lagged Prices |
| Timeline |
Neoen SA Lagged Returns
When evaluating Neoen SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Neoen SA stock have on its future price. Neoen SA 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, Neoen SA autocorrelation shows the relationship between Neoen SA stock current value and its past values and can show if there is a momentum factor associated with investing in Neoen SA.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Neoen Stock Analysis
When running Neoen SA's price analysis, check to measure Neoen SA'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 Neoen SA is operating at the current time. Most of Neoen SA's value examination focuses on studying past and present price action to predict the probability of Neoen SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Neoen SA's price. Additionally, you may evaluate how the addition of Neoen SA to your portfolios can decrease your overall portfolio volatility.