Engie Brasil (Brazil) Price on October 22, 2024
EGIE3 Stock | BRL 39.43 0.84 2.18% |
If you're considering investing in Engie Stock, it is important to understand the factors that can impact its price. As of today, the current price of Engie Brasil stands at 39.43, as last reported on the 26th of November, with the highest price reaching 39.43 and the lowest price hitting 38.47 during the day. Engie Brasil Energia secures Sharpe Ratio (or Efficiency) of -0.19, which denotes the company had a -0.19% return per unit of risk over the last 3 months. Engie Brasil Energia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Engie Brasil's Mean Deviation of 0.7445, standard deviation of 0.968, and Variance of 0.9369 to check the risk estimate we provide.
Engie Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Engie |
Sharpe Ratio = -0.1876
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Estimated Market Risk
1.0 actual daily | 8 92% of assets are more volatile |
Expected Return
-0.19 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Engie Brasil 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 Engie Brasil by adding Engie Brasil to a well-diversified portfolio.
Engie Brasil Valuation on October 22, 2024
It is possible to determine the worth of Engie Brasil on a given historical date. On October 22, 2024 Engie was worth 41.2 at the beginning of the trading date compared to the closed value of 41.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Engie Brasil stock. Still, in general, we apply an absolute valuation method to find Engie Brasil'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 Engie Brasil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Engie Brasil's related companies.
Open | High | Low | Close | Volume | |
41.38 | 41.45 | 41.16 | 41.45 | 716,400 | |
10/22/2024 | 41.20 | 41.26 | 40.75 | 41.02 | 1,033,600 |
41.01 | 41.02 | 40.65 | 40.92 | 742,400 |
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Engie Brasil Trading Date Momentum on October 22, 2024
On October 23 2024 Engie Brasil Energia was traded for 40.92 at the closing time. The highest price during the trading period was 41.02 and the lowest recorded bid was listed for 40.65 . The volume for the day was 742.4 K. This history from October 23, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.24% . The overall trading delta to the current price is 1.17% . |
Engie Brasil Energia Fundamentals Correlations and Trends
By evaluating Engie Brasil'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 Engie Brasil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Engie financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Engie Brasil Stock history
Engie Brasil 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 Engie is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Engie Brasil Energia 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 Engie Brasil stock prices may prove useful in developing a viable investing in Engie Brasil
Engie Brasil Energia S.A., together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. Engie Brasil Energia S.A. operates as a subsidiary of ENGIE Brasil Participaes Ltda. ENGIE BRASILON operates under UtilitiesRegulated Electric classification in Brazil and is traded on Sao Paolo Stock Exchange.
Engie Brasil Stock Technical Analysis
Engie Brasil 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.
Price Boundaries
Engie Brasil Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Engie Brasil Energia 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.
Engie Brasil November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Engie Brasil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Engie Brasil shares will generate the highest return on investment. By undertsting and applying Engie Brasil stock market strength indicators, traders can identify Engie Brasil Energia entry and exit signals to maximize returns
Engie Brasil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Engie Brasil's price direction in advance. Along with the technical and fundamental analysis of Engie Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Engie 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.
Risk Adjusted Performance | (0.23) | |||
Jensen Alpha | (0.29) | |||
Total Risk Alpha | (0.46) | |||
Treynor Ratio | 3.03 |
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Additional Tools for Engie Stock Analysis
When running Engie Brasil's price analysis, check to measure Engie Brasil'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 Engie Brasil is operating at the current time. Most of Engie Brasil's value examination focuses on studying past and present price action to predict the probability of Engie Brasil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Engie Brasil's price. Additionally, you may evaluate how the addition of Engie Brasil to your portfolios can decrease your overall portfolio volatility.