Companhia Energetica Value At Risk
| CIG Stock | | | USD 2.44 -0.03 -1.21% |
Value At Risk (or VAR) is a statistical technique used to measure the level of financial risk of investment instrument over a specific time frame. It is a widely used measure of the risk of loss on a specific investing instrument. Below is Companhia Energetica's current Value At Risk with peer comparisons and related risk metrics.
Current Value At Risk Value
At
-3.10, Companhia Energetica exhibits the estimated maximum daily loss at the given confidence level in Value At Risk. There is approximately a 5% probability that Companhia Energetica could lose more than
-3.10 in a single day under normal market conditions.
Value At Risk | = | ER[a] x N | + | (Z-SCORE x STD x SQRT (N)) |
| = | -3.10 | |
Value At Risk Peers Comparison
Companhia Energetica's Value At Risk of -3.0973 falls below the -2.64 peer average. Values range from -6.9364 (Montauk Renewables) to 0.0 (), with tight clustering across the group. Companhia Energetica carries lower tail risk than the peer average at the given confidence level.
Value At Risk Relative To Other Indicators
The chart below plots Value At Risk against Maximum Drawdown for Companhia Energetica and its peers. Each point represents one equity — position along the horizontal axis shows Value At Risk while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Compare Companhia Energetica to PeersMethodology, Assumptions & Data Sources
The current Value At Risk for Companhia Energetica is -3.10. Value At Risk for Companhia Energetica is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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