Centrais Eltricas (Brazil) Market Value
| CLSC3 Stock | BRL 74.01 1.99 2.62% |
| Symbol | Centrais |
Centrais Eltricas '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 Centrais Eltricas' 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 Centrais Eltricas.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Centrais Eltricas on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Centrais Eltricas de or generate 0.0% return on investment in Centrais Eltricas over 720 days. Centrais Eltricas is related to or competes with Transmissora Aliana, Engie Brasil, and CTEEP Companhia. Centrais Eltricas de Santa Catarina S.A., through its subsidiaries, generates, transmits, and distributes electricity in... More
Centrais Eltricas 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 Centrais Eltricas' 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 Centrais Eltricas de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.83 | |||
| Value At Risk | (2.61) | |||
| Potential Upside | 1.6 |
Centrais Eltricas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centrais Eltricas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centrais Eltricas' standard deviation. In reality, there are many statistical measures that can use Centrais Eltricas historical prices to predict the future Centrais Eltricas' volatility.| Risk Adjusted Performance | 0.0508 | |||
| Jensen Alpha | 0.0327 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2213 |
Centrais Eltricas Backtested Returns
Currently, Centrais Eltricas de is very steady. Centrais Eltricas secures Sharpe Ratio (or Efficiency) of 0.0551, which signifies that the company had a 0.0551% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Centrais Eltricas de, which you can use to evaluate the volatility of the firm. Please confirm Centrais Eltricas' Risk Adjusted Performance of 0.0508, downside deviation of 2.81, and Mean Deviation of 0.6451 to double-check if the risk estimate we provide is consistent with the expected return of 0.0763%. Centrais Eltricas has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Centrais Eltricas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Centrais Eltricas is expected to be smaller as well. Centrais Eltricas right now shows a risk of 1.39%. Please confirm Centrais Eltricas total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Centrais Eltricas will be following its price patterns.
Auto-correlation | 0.89 |
Very good predictability
Centrais Eltricas de has very good predictability. Overlapping area represents the amount of predictability between Centrais Eltricas time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Centrais Eltricas price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Centrais Eltricas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 32.45 |
Centrais Eltricas lagged returns against current returns
Autocorrelation, which is Centrais Eltricas 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 Centrais Eltricas' stock expected returns. We can calculate the autocorrelation of Centrais Eltricas returns to help us make a trade decision. For example, suppose you find that Centrais Eltricas 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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Centrais Eltricas 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 Centrais Eltricas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centrais Eltricas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centrais Eltricas stock over time.
Current vs Lagged Prices |
| Timeline |
Centrais Eltricas Lagged Returns
When evaluating Centrais Eltricas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centrais Eltricas stock have on its future price. Centrais Eltricas 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, Centrais Eltricas autocorrelation shows the relationship between Centrais Eltricas stock current value and its past values and can show if there is a momentum factor associated with investing in Centrais Eltricas 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 Centrais Stock Analysis
When running Centrais Eltricas' price analysis, check to measure Centrais Eltricas' 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 Centrais Eltricas is operating at the current time. Most of Centrais Eltricas' value examination focuses on studying past and present price action to predict the probability of Centrais Eltricas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centrais Eltricas' price. Additionally, you may evaluate how the addition of Centrais Eltricas to your portfolios can decrease your overall portfolio volatility.