Rede Energia (Brazil) Price on November 19, 2024
| REDE3 Stock | BRL 6.64 0.12 1.78% |
If you're considering investing in Rede Stock, it is important to understand the factors that can impact its price. As of today, the current price of Rede Energia stands at 6.64, as last reported on the 27th of November, with the highest price reaching 6.69 and the lowest price hitting 6.60 during the day. Rede Energia Participaes maintains Sharpe Ratio (i.e., Efficiency) of -0.0527, which implies the firm had a -0.0527% return per unit of risk over the last 3 months. Rede Energia Participaes exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rede Energia's Variance of 0.8187, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,480) to confirm the risk estimate we provide.
Rede Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Rede |
Sharpe Ratio = -0.0527
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Estimated Market Risk
| 0.91 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.05 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Rede Energia 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 Rede Energia by adding Rede Energia to a well-diversified portfolio.
Rede Energia Valuation on November 19, 2024
It is possible to determine the worth of Rede Energia on a given historical date. On November 19, 2024 Rede was worth 6.71 at the beginning of the trading date compared to the closed value of 6.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rede Energia stock. Still, in general, we apply an absolute valuation method to find Rede Energia'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 Rede Energia where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rede Energia's related companies.
| Open | High | Low | Close | Volume | |
| 6.81 | 6.81 | 6.70 | 6.71 | 1,200 | |
11/19/2024 | 6.71 | 6.71 | 6.37 | 6.67 | 2,300 |
| 6.57 | 6.57 | 6.51 | 6.54 | 3,200 |
| Backtest Rede Energia | | | Rede Energia History | | | Rede Energia Valuation | Previous | Next |
Rede Energia Trading Date Momentum on November 19, 2024
| On November 21 2024 Rede Energia Participaes was traded for 6.54 at the closing time. The highest price during the trading period was 6.57 and the lowest recorded bid was listed for 6.51 . The volume for the day was 3.2 K. This history from November 21, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.95% . The trading delta at closing time to the current price is 0.15% . |
Rede Energia Participaes Fundamentals Correlations and Trends
By evaluating Rede Energia'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 Rede Energia's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rede financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rede Energia Stock history
Rede Energia 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 Rede is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rede Energia Participaes 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 Rede Energia stock prices may prove useful in developing a viable investing in Rede Energia
Rede Energia Participaes S.A., through its subsidiaries, engages in the generation, distribution, and commercialization of electricity in Brazil. The company was incorporated in 1969 and is based in Sao Paulo, Brazil. REDE ENERGIAON operates under UtilitiesRegulated Electric classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 5989 people.
Rede Energia Stock Technical Analysis
Rede Energia 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
Rede Energia Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Rede Energia Participaes 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.
Rede Energia November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Rede Energia stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rede Energia shares will generate the highest return on investment. By undertsting and applying Rede Energia stock market strength indicators, traders can identify Rede Energia Participaes entry and exit signals to maximize returns
Rede Energia Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rede Energia's price direction in advance. Along with the technical and fundamental analysis of Rede Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rede 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 | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (1.05) |
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Additional Tools for Rede Stock Analysis
When running Rede Energia's price analysis, check to measure Rede Energia'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 Rede Energia is operating at the current time. Most of Rede Energia's value examination focuses on studying past and present price action to predict the probability of Rede Energia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rede Energia's price. Additionally, you may evaluate how the addition of Rede Energia to your portfolios can decrease your overall portfolio volatility.