Centrais Eltricas (Brazil) Market Value
| ELET3 Stock | BRL 35.26 0.14 0.40% |
| 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 Brasileiras or generate 0.0% return on investment in Centrais Eltricas over 720 days. Centrais Eltricas is related to or competes with Centrais Eltricas, Companhia Energtica, Companhia, Companhia Siderrgica, and Companhia Paranaense. Centrais Eltricas Brasileiras S.A. - Eletrobras, through its subsidiaries, engages in the generation, transmission, and ... 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 Brasileiras upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 5.69 | |||
| Value At Risk | (2.09) | |||
| Potential Upside | 2.07 |
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 | (0.14) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (1.85) |
Centrais Eltricas Backtested Returns
Centrais Eltricas secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. Centrais Eltricas Brasileiras exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centrais Eltricas' Mean Deviation of 0.9926, risk adjusted performance of (0.14), and Standard Deviation of 1.25 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. 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. At this point, Centrais Eltricas has a negative expected return of -0.25%. Please make sure to confirm Centrais Eltricas' maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Centrais Eltricas performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.21 |
Weak reverse predictability
Centrais Eltricas Brasileiras has weak reverse 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 -0.21 indicates that over 21.0% of current Centrais Eltricas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 5.87 |
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 |
| Timeline |
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 Brasileiras.
Regressed Prices |
| Timeline |
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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.