Companhiade Eletricidade (Brazil) Price on August 30, 2023

CEEB3 Stock  BRL 38.50  0.70  1.85%   
If you're considering investing in Companhiade Stock, it is important to understand the factors that can impact its price. As of today, the current price of Companhiade Eletricidade stands at 38.50, as last reported on the 24th of November, with the highest price reaching 39.94 and the lowest price hitting 38.50 during the day. Companhiade Eletricidade secures Sharpe Ratio (or Efficiency) of -0.0107, which signifies that the company had a -0.0107% return per unit of risk over the last 3 months. Companhiade Eletricidade do exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhiade Eletricidade's Standard Deviation of 1.18, mean deviation of 0.7966, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide.
  
Companhiade Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0107

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Estimated Market Risk

 1.19
  actual daily
10
90% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Companhiade Eletricidade is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Companhiade Eletricidade by adding Companhiade Eletricidade to a well-diversified portfolio.

Companhiade Eletricidade Valuation on August 30, 2023

It is possible to determine the worth of Companhiade Eletricidade on a given historical date. On August 30, 2023 Companhiade was worth 38.5 at the beginning of the trading date compared to the closed value of 39.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Companhiade Eletricidade stock. Still, in general, we apply an absolute valuation method to find Companhiade Eletricidade's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Companhiade Eletricidade where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Companhiade Eletricidade's related companies.
 Open High Low Close Volume
  39.66    40.94    39.58    39.58    700.00  
08/30/2023
  38.50    39.12    38.47    39.12    700.00  
  39.12    39.12    37.59    38.66    14,500  
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Open Value
38.5
39.12
Closing Value
42.08
Upside

Companhiade Eletricidade Trading Date Momentum on August 30, 2023

On September 01 2023 Companhiade Eletricidade do was traded for  38.66  at the closing time. The highest price during the trading period was 39.12  and the lowest recorded bid was listed for  37.59 . The volume for the day was 14.5 K. This history from September 1, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.18% . The overall trading delta to the current price is 0.61% .

Companhiade Eletricidade Fundamentals Correlations and Trends

By evaluating Companhiade Eletricidade's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Companhiade Eletricidade's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Companhiade financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Companhiade Eletricidade Stock history

Companhiade Eletricidade investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Companhiade is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Companhiade Eletricidade will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Companhiade Eletricidade stock prices may prove useful in developing a viable investing in Companhiade Eletricidade
Companhiade Eletricidade do Estado da Bahia - COELBA engages in the distribution of electricity in the Bahia state. Companhiade Eletricidade do Estado da Bahia - COELBA operates as a subsidiary of Neoenergia S.A. COELBA ON operates under Utilities - Diversified classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 3729 people.

Companhiade Eletricidade Stock Technical Analysis

Companhiade Eletricidade technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Companhiade Eletricidade technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Companhiade Eletricidade trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Companhiade Eletricidade Period Price Range

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Companhiade Eletricidade do cannot be verified against its exchange. Please verify the symbol is currently traded on Sao Paulo Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Companhiade Eletricidade November 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Companhiade Eletricidade stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Companhiade Eletricidade shares will generate the highest return on investment. By undertsting and applying Companhiade Eletricidade stock market strength indicators, traders can identify Companhiade Eletricidade do entry and exit signals to maximize returns

Companhiade Eletricidade Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Companhiade Eletricidade's price direction in advance. Along with the technical and fundamental analysis of Companhiade Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Companhiade to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for Companhiade Stock Analysis

When running Companhiade Eletricidade's price analysis, check to measure Companhiade Eletricidade'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 Companhiade Eletricidade is operating at the current time. Most of Companhiade Eletricidade's value examination focuses on studying past and present price action to predict the probability of Companhiade Eletricidade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhiade Eletricidade's price. Additionally, you may evaluate how the addition of Companhiade Eletricidade to your portfolios can decrease your overall portfolio volatility.