C PARAN (Germany) Market Value
| ELP1 Stock | EUR 5.70 0.05 0.88% |
| Symbol | ELP1 |
C PARAN '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 C PARAN'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 C PARAN.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in C PARAN on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding C PARAN EN or generate 0.0% return on investment in C PARAN over 30 days. C PARAN is related to or competes with USWE SPORTS, United Rentals, AUTO TRADER, COLUMBIA SPORTSWEAR, SCIENCE IN, SALESFORCE INC, and DICKS Sporting. Companhia Paranaense de Energia - COPEL engages in the generation, transmission, distribution, and sale of electricity t... More
C PARAN 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 C PARAN'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 C PARAN EN upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 11.35 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 3.13 |
C PARAN Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for C PARAN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as C PARAN's standard deviation. In reality, there are many statistical measures that can use C PARAN historical prices to predict the future C PARAN's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (1.64) |
C PARAN EN Backtested Returns
C PARAN EN secures Sharpe Ratio (or Efficiency) of -0.0983, which signifies that the company had a -0.0983% return per unit of risk over the last 3 months. C PARAN EN exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm C PARAN's Mean Deviation of 1.49, coefficient of variation of (945.18), and Variance of 4.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, C PARAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding C PARAN is expected to be smaller as well. At this point, C PARAN EN has a negative expected return of -0.21%. Please make sure to confirm C PARAN's total risk alpha, maximum drawdown, skewness, as well as the relationship between the treynor ratio and potential upside , to decide if C PARAN EN performance from the past will be repeated sooner or later.
Auto-correlation | -0.57 |
Good reverse predictability
C PARAN EN has good reverse predictability. Overlapping area represents the amount of predictability between C PARAN time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 C PARAN EN price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current C PARAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
C PARAN EN lagged returns against current returns
Autocorrelation, which is C PARAN 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 C PARAN's stock expected returns. We can calculate the autocorrelation of C PARAN returns to help us make a trade decision. For example, suppose you find that C PARAN 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 |
C PARAN 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 C PARAN stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if C PARAN stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in C PARAN stock over time.
Current vs Lagged Prices |
| Timeline |
C PARAN Lagged Returns
When evaluating C PARAN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of C PARAN stock have on its future price. C PARAN 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, C PARAN autocorrelation shows the relationship between C PARAN stock current value and its past values and can show if there is a momentum factor associated with investing in C PARAN EN.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ELP1 Stock
C PARAN financial ratios help investors to determine whether ELP1 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 ELP1 with respect to the benefits of owning C PARAN security.