Nereid is in good company - for example:

No Periodicities in 2dF Redshift Survey Data
Authors: E. Hawkins, S.J. Maddox, M.R. Merrifield (University of Nottingham)
http://www.arxiv.org/abs/astro-ph/0208117

Redshift Data and Statistical Inference
Authors: Newman, William I.; Haynes, Martha P.; Terzian, Yervant
http://articles.adsabs.harvard.edu/c...pJ...431..147N