Compania General (Chile) Market Value
| CGE Stock | CLP 305.18 0.82 0.27% |
| Symbol | Compania |
Compania General '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 Compania General's 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 Compania General.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Compania General on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Compania General de or generate 0.0% return on investment in Compania General over 30 days. Compania General is related to or competes with Compania Cervecerias, Aguas Andinas, Parq Arauco, Enel Generacin, and Sociedad Matriz. Compaa General de Electricidad S.A., engages in the distribution of electricity in Chile More
Compania General 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 Compania General's 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 Compania General de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.74 | |||
| Value At Risk | (2.42) | |||
| Potential Upside | 1.85 |
Compania General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Compania General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Compania General's standard deviation. In reality, there are many statistical measures that can use Compania General historical prices to predict the future Compania General's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | 0.0057 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0216 |
Compania General Backtested Returns
Compania General secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Compania General de exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Compania General's Downside Deviation of 2.62, mean deviation of 0.5317, and Risk Adjusted Performance of 0.0093 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0731, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Compania General are expected to decrease at a much lower rate. During the bear market, Compania General is likely to outperform the market. At this point, Compania General has a negative expected return of -0.14%. Please make sure to confirm Compania General's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if Compania General performance from the past will be repeated at some point in the near future.
Auto-correlation | Huge |
Perfect predictability
Compania General de has perfect predictability. Overlapping area represents the amount of predictability between Compania General time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Compania General price movement. The serial correlation of 9.223372036854776E16 indicates that 9.223372036854776E16% of current Compania General price fluctuation can be explain by its past prices.
| Correlation Coefficient | 92233.7 T | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Compania General lagged returns against current returns
Autocorrelation, which is Compania General 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 Compania General's stock expected returns. We can calculate the autocorrelation of Compania General returns to help us make a trade decision. For example, suppose you find that Compania General has exhibited high autocorrelation historically, and you observe that the 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 |
Compania General 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 Compania General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Compania General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Compania General stock over time.
Current vs Lagged Prices |
| Timeline |
Compania General Lagged Returns
When evaluating Compania General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Compania General stock have on its future price. Compania General 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, Compania General autocorrelation shows the relationship between Compania General stock current value and its past values and can show if there is a momentum factor associated with investing in Compania General de.
Regressed Prices |
| Timeline |
Other Information on Investing in Compania Stock
Compania General financial ratios help investors to determine whether Compania Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Compania with respect to the benefits of owning Compania General security.