NRG ENERGY (Germany) Market Value
| NRA Stock | 89.90 0.04 0.04% |
| Symbol | NRG |
NRG 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 NRG ENERGY'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 NRG ENERGY.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in NRG ENERGY on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding NRG ENERGY or generate 0.0% return on investment in NRG ENERGY over 60 days. NRG ENERGY is related to or competes with Playtech Plc, Jacquet Metal, PLAY2CHILL, Playa Hotels, and GREENX METALS. More
NRG 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 NRG ENERGY'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 NRG ENERGY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.075 | |||
| Maximum Drawdown | 13.81 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 3.21 |
NRG ENERGY Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for NRG ENERGY's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as NRG ENERGY's standard deviation. In reality, there are many statistical measures that can use NRG ENERGY historical prices to predict the future NRG ENERGY's volatility.| Risk Adjusted Performance | 0.0751 | |||
| Jensen Alpha | 0.1888 | |||
| Total Risk Alpha | 0.1528 | |||
| Sortino Ratio | 0.0751 | |||
| Treynor Ratio | (8.49) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NRG ENERGY's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NRG ENERGY Backtested Returns
Currently, NRG ENERGY is very steady. NRG ENERGY has Sharpe Ratio of 0.0492, which conveys that the firm had a 0.0492% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NRG ENERGY, which you can use to evaluate the volatility of the firm. Please verify NRG ENERGY's risk adjusted performance of 0.0751, and Mean Deviation of 1.8 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. NRG ENERGY has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0222, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning NRG ENERGY are expected to decrease at a much lower rate. During the bear market, NRG ENERGY is likely to outperform the market. NRG ENERGY currently secures a risk of 2.39%. Please verify NRG ENERGY standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if NRG ENERGY will be following its current price movements.
Auto-correlation | -0.35 |
Poor reverse predictability
NRG ENERGY has poor reverse predictability. Overlapping area represents the amount of predictability between NRG ENERGY time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 NRG ENERGY price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current NRG ENERGY price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 7.54 |
NRG ENERGY lagged returns against current returns
Autocorrelation, which is NRG ENERGY 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 NRG ENERGY's stock expected returns. We can calculate the autocorrelation of NRG ENERGY returns to help us make a trade decision. For example, suppose you find that NRG ENERGY 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 |
NRG 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 NRG ENERGY stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if NRG ENERGY stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in NRG ENERGY stock over time.
Current vs Lagged Prices |
| Timeline |
NRG ENERGY Lagged Returns
When evaluating NRG ENERGY's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of NRG ENERGY stock have on its future price. NRG 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, NRG ENERGY autocorrelation shows the relationship between NRG ENERGY stock current value and its past values and can show if there is a momentum factor associated with investing in NRG ENERGY.
Regressed Prices |
| Timeline |
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Additional Tools for NRG Stock Analysis
When running NRG ENERGY's price analysis, check to measure NRG 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 NRG ENERGY is operating at the current time. Most of NRG ENERGY's value examination focuses on studying past and present price action to predict the probability of NRG 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 NRG ENERGY's price. Additionally, you may evaluate how the addition of NRG ENERGY to your portfolios can decrease your overall portfolio volatility.