Energy Of Minas Stock Market Value
| CIG-C Stock | USD 2.53 0.02 0.80% |
| Symbol | Energy |
Energy Of '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 Energy Of'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 Energy Of.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Energy Of on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Energy of Minas or generate 0.0% return on investment in Energy Of over 720 days. Energy Of is related to or competes with Atco, Canadian Utilities, Engie SA, AES, Sempra Energy, Companhia Paranaense, and Montauk Renewables. Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, an... More
Energy Of 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 Energy Of'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 Energy of Minas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.31 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 2.44 |
Energy Of Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energy Of's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energy Of's standard deviation. In reality, there are many statistical measures that can use Energy Of historical prices to predict the future Energy Of's volatility.| Risk Adjusted Performance | 0.0225 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0782 |
Energy of Minas Backtested Returns
At this point, Energy Of is unstable. Energy of Minas secures Sharpe Ratio (or Efficiency) of 0.0197, which denotes the company had a 0.0197 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Energy of Minas, which you can use to evaluate the volatility of the firm. Please confirm Energy Of's Downside Deviation of 2.27, mean deviation of 1.55, and Coefficient Of Variation of 5076.37 to check if the risk estimate we provide is consistent with the expected return of 0.0411%. Energy Of has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.4, which means possible diversification benefits within a given portfolio. As returns on the market increase, Energy Of's returns are expected to increase less than the market. However, during the bear market, the loss of holding Energy Of is expected to be smaller as well. Energy of Minas right now shows a risk of 2.09%. Please confirm Energy of Minas downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Energy of Minas will be following its price patterns.
Auto-correlation | 0.07 |
Virtually no predictability
Energy of Minas has virtually no predictability. Overlapping area represents the amount of predictability between Energy Of time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Energy of Minas price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Energy Of price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Energy of Minas lagged returns against current returns
Autocorrelation, which is Energy Of 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 Energy Of's stock expected returns. We can calculate the autocorrelation of Energy Of returns to help us make a trade decision. For example, suppose you find that Energy Of 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 |
Energy Of 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 Energy Of stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energy Of stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energy Of stock over time.
Current vs Lagged Prices |
| Timeline |
Energy Of Lagged Returns
When evaluating Energy Of's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energy Of stock have on its future price. Energy Of 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, Energy Of autocorrelation shows the relationship between Energy Of stock current value and its past values and can show if there is a momentum factor associated with investing in Energy of Minas.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Energy Stock
Energy Of financial ratios help investors to determine whether Energy 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 Energy with respect to the benefits of owning Energy Of security.