Rio Paranapanema (Brazil) Market Value
| GEPA3 Stock | BRL 30.40 0.39 1.30% |
| Symbol | Rio |
Rio Paranapanema '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 Rio Paranapanema'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 Rio Paranapanema.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Rio Paranapanema on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Rio Paranapanema Energia or generate 0.0% return on investment in Rio Paranapanema over 540 days. Rio Paranapanema is related to or competes with Rio Paranapanema, CTEEP Companhia, Empresa Metropolitana, Energisa, and Companhia. Rio Paranapanema Energia S.A. generates and sells electric power in Brazil More
Rio Paranapanema 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 Rio Paranapanema'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 Rio Paranapanema Energia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.54 | |||
| Information Ratio | 0.0618 | |||
| Maximum Drawdown | 21.6 | |||
| Value At Risk | (7.02) | |||
| Potential Upside | 7.43 |
Rio Paranapanema Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rio Paranapanema's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rio Paranapanema's standard deviation. In reality, there are many statistical measures that can use Rio Paranapanema historical prices to predict the future Rio Paranapanema's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.3346 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0389 | |||
| Treynor Ratio | 1.02 |
Rio Paranapanema Energia Backtested Returns
Rio Paranapanema appears to be not too volatile, given 3 months investment horizon. Rio Paranapanema Energia maintains Sharpe Ratio (i.e., Efficiency) of 0.0991, which implies the firm had a 0.0991% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rio Paranapanema Energia, which you can use to evaluate the volatility of the company. Please evaluate Rio Paranapanema's Semi Deviation of 3.25, coefficient of variation of 1050.53, and Risk Adjusted Performance of 0.0809 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rio Paranapanema holds a performance score of 7. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Rio Paranapanema's returns are expected to increase less than the market. However, during the bear market, the loss of holding Rio Paranapanema is expected to be smaller as well. Please check Rio Paranapanema's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Rio Paranapanema's historical price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Rio Paranapanema Energia has virtually no predictability. Overlapping area represents the amount of predictability between Rio Paranapanema time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Rio Paranapanema Energia price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Rio Paranapanema price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 |
Rio Paranapanema Energia lagged returns against current returns
Autocorrelation, which is Rio Paranapanema 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 Rio Paranapanema's stock expected returns. We can calculate the autocorrelation of Rio Paranapanema returns to help us make a trade decision. For example, suppose you find that Rio Paranapanema 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 |
Rio Paranapanema 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 Rio Paranapanema stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rio Paranapanema stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rio Paranapanema stock over time.
Current vs Lagged Prices |
| Timeline |
Rio Paranapanema Lagged Returns
When evaluating Rio Paranapanema's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rio Paranapanema stock have on its future price. Rio Paranapanema 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, Rio Paranapanema autocorrelation shows the relationship between Rio Paranapanema stock current value and its past values and can show if there is a momentum factor associated with investing in Rio Paranapanema 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 Rio Stock Analysis
When running Rio Paranapanema's price analysis, check to measure Rio Paranapanema'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 Rio Paranapanema is operating at the current time. Most of Rio Paranapanema's value examination focuses on studying past and present price action to predict the probability of Rio Paranapanema's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rio Paranapanema's price. Additionally, you may evaluate how the addition of Rio Paranapanema to your portfolios can decrease your overall portfolio volatility.