Engie Brasil (Brazil) Market Value
| EGIE3 Stock | BRL 39.43 0.84 2.18% |
| Symbol | Engie |
Engie Brasil '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 Engie Brasil'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 Engie Brasil.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Engie Brasil on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Engie Brasil Energia or generate 0.0% return on investment in Engie Brasil over 30 days. Engie Brasil is related to or competes with WEG SA, Transmissora Aliana, Fleury SA, and BB Seguridade. Engie Brasil Energia S.A., together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil More
Engie Brasil 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 Engie Brasil'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 Engie Brasil Energia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 1.19 |
Engie Brasil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Engie Brasil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Engie Brasil's standard deviation. In reality, there are many statistical measures that can use Engie Brasil historical prices to predict the future Engie Brasil's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (35.64) |
Engie Brasil Energia Backtested Returns
Engie Brasil Energia secures Sharpe Ratio (or Efficiency) of -0.19, which denotes the company had a -0.19% return per unit of risk over the last 3 months. Engie Brasil Energia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Engie Brasil's Standard Deviation of 0.9836, mean deviation of 0.7487, and Variance of 0.9676 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0067, which means not very significant fluctuations relative to the market. As returns on the market increase, Engie Brasil's returns are expected to increase less than the market. However, during the bear market, the loss of holding Engie Brasil is expected to be smaller as well. At this point, Engie Brasil Energia has a negative expected return of -0.18%. Please make sure to confirm Engie Brasil's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Engie Brasil Energia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.35 |
Poor reverse predictability
Engie Brasil Energia has poor reverse predictability. Overlapping area represents the amount of predictability between Engie Brasil time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Engie Brasil Energia price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Engie Brasil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Engie Brasil Energia lagged returns against current returns
Autocorrelation, which is Engie Brasil 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 Engie Brasil's stock expected returns. We can calculate the autocorrelation of Engie Brasil returns to help us make a trade decision. For example, suppose you find that Engie Brasil 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 |
Engie Brasil 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 Engie Brasil stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Engie Brasil stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Engie Brasil stock over time.
Current vs Lagged Prices |
| Timeline |
Engie Brasil Lagged Returns
When evaluating Engie Brasil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Engie Brasil stock have on its future price. Engie Brasil 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, Engie Brasil autocorrelation shows the relationship between Engie Brasil stock current value and its past values and can show if there is a momentum factor associated with investing in Engie Brasil Energia.
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 Engie Stock Analysis
When running Engie Brasil's price analysis, check to measure Engie Brasil'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 Engie Brasil is operating at the current time. Most of Engie Brasil's value examination focuses on studying past and present price action to predict the probability of Engie Brasil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Engie Brasil's price. Additionally, you may evaluate how the addition of Engie Brasil to your portfolios can decrease your overall portfolio volatility.