Companhia Energética (Germany) Market Value
| CIDA Stock | EUR 1.93 0.08 4.32% |
| Symbol | Companhia |
Companhia Energética '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 Energética'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 Companhia Energética.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Companhia Energética on September 5, 2024 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 Energética over 90 days. Companhia Energética is related to or competes with Chunghwa Telecom, DIVERSIFIED ROYALTY, HK Electric, Japan Asia, Charter Communications, WisdomTree Investments, and New Residential. Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, an... More
Companhia Energética 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 Energética'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 Companhia Energtica de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.87 | |||
| Information Ratio | 0.117 | |||
| Maximum Drawdown | 93.23 | |||
| Value At Risk | (9.05) | |||
| Potential Upside | 9.19 |
Companhia Energética Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Energética's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Energética's standard deviation. In reality, there are many statistical measures that can use Companhia Energética historical prices to predict the future Companhia Energética's volatility.| Risk Adjusted Performance | 0.1062 | |||
| Jensen Alpha | 1.55 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.2262 | |||
| Treynor Ratio | (1.27) |
Companhia Energética Backtested Returns
Companhia Energética is abnormally volatile given 3 months investment horizon. Companhia Energética secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to break down thirty different technical indicators, which can help you to evaluate if expected returns of 1.4% are justified by taking the suggested risk. Use Companhia Energética Risk Adjusted Performance of 0.1062, mean deviation of 4.97, and Downside Deviation of 5.87 to evaluate company specific risk that cannot be diversified away. Companhia Energética holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.12, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Companhia Energética are expected to decrease slowly. On the other hand, during market turmoil, Companhia Energética is expected to outperform it slightly. Use Companhia Energética coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to analyze future returns on Companhia Energética.
Auto-correlation | 0.22 |
Weak predictability
Companhia Energtica de has weak predictability. Overlapping area represents the amount of predictability between Companhia Energética time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th of December 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 Energética price movement. The serial correlation of 0.22 indicates that over 22.0% of current Companhia Energética price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Companhia Energética lagged returns against current returns
Autocorrelation, which is Companhia Energética 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 Energética's stock expected returns. We can calculate the autocorrelation of Companhia Energética returns to help us make a trade decision. For example, suppose you find that Companhia Energética 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 |
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Companhia Energética 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 Energética stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Energética stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Energética stock over time.
Current vs Lagged Prices |
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Companhia Energética Lagged Returns
When evaluating Companhia Energética's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Energética stock have on its future price. Companhia Energética 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 Energética autocorrelation shows the relationship between Companhia Energética 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 |
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Currently Active Assets on Macroaxis
Other Information on Investing in Companhia Stock
Companhia Energética financial ratios help investors to determine whether Companhia 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 Companhia with respect to the benefits of owning Companhia Energética security.