Companhia Energtica (Brazil) Market Value
| CEBR6 Preferred Stock | BRL 18.04 1.36 7.01% |
| Symbol | Companhia |
Companhia Energtica 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Companhia Energtica's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Companhia Energtica.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Companhia Energtica on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Companhia Energtica de or generate 0.0% return on investment in Companhia Energtica over 540 days. Companhia Energtica is related to or competes with Companhia Energtica, Companhia Energtica, Empresa Metropolitana, Bradespar, and Companhia Paranaense. Companhia Energtica de Braslia - CEB, through its subsidiaries, engages in the generation and distribution of electrical... More
Companhia Energtica Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Companhia Energtica's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Companhia Energtica de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.67 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.97 |
Companhia Energtica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Energtica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Energtica's standard deviation. In reality, there are many statistical measures that can use Companhia Energtica historical prices to predict the future Companhia Energtica's volatility.| Risk Adjusted Performance | 0.0527 | |||
| Jensen Alpha | 0.0766 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.9965 |
Companhia Energtica Backtested Returns
Currently, Companhia Energtica de is very steady. Companhia Energtica secures Sharpe Ratio (or Efficiency) of 0.0747, which signifies that the company had a 0.0747% return per unit of risk over the last 3 months. We have found thirty technical indicators for Companhia Energtica de, which you can use to evaluate the volatility of the firm. Please confirm Companhia Energtica's Risk Adjusted Performance of 0.0527, mean deviation of 0.9593, and Downside Deviation of 1.67 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. Companhia Energtica has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0869, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Companhia Energtica's returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhia Energtica is expected to be smaller as well. Companhia Energtica right now shows a risk of 1.57%. Please confirm Companhia Energtica coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Companhia Energtica will be following its price patterns.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Companhia Energtica de has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Companhia Energtica time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Companhia Energtica price movement. The serial correlation of -0.71 indicates that around 71.0% of current Companhia Energtica price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 2.25 |
Companhia Energtica lagged returns against current returns
Autocorrelation, which is Companhia Energtica preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Companhia Energtica's preferred stock expected returns. We can calculate the autocorrelation of Companhia Energtica returns to help us make a trade decision. For example, suppose you find that Companhia Energtica has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Companhia Energtica regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Companhia Energtica preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Energtica preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Energtica preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Energtica Lagged Returns
When evaluating Companhia Energtica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Energtica preferred stock have on its future price. Companhia Energtica autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Companhia Energtica autocorrelation shows the relationship between Companhia Energtica preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Energtica de.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Companhia Preferred Stock Analysis
When running Companhia Energtica's price analysis, check to measure Companhia Energtica'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 Companhia Energtica is operating at the current time. Most of Companhia Energtica's value examination focuses on studying past and present price action to predict the probability of Companhia Energtica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Energtica's price. Additionally, you may evaluate how the addition of Companhia Energtica to your portfolios can decrease your overall portfolio volatility.