The neutral valve for controlling the HST is one of the important valves for the vehicle control. Neutral valve takes a role of blocking or transmitting power to the vehicle. The operating principle of the neutral valve was developed through the analysis model. We also investigated the logical validity by analyzing the results of the analysis model. The analysis model was developed by using SimulationX witch is commercial software. The number of holes in the piston was selected as a variable initial compression of the spring, and the magnitude of the pressure pulsations and the diameter of the orifice for the sensitivity analysis were performed to design sensitivity analysis of the neutral valve.