Rede Energia (Brazil) Market Value
| REDE3 Stock | BRL 6.56 0.02 0.31% |
| Symbol | Rede |
Rede Energia '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 Rede Energia'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 Rede Energia.
| 12/04/2022 |
| 11/23/2024 |
If you would invest 0.00 in Rede Energia on December 4, 2022 and sell it all today you would earn a total of 0.00 from holding Rede Energia Participaes or generate 0.0% return on investment in Rede Energia over 720 days. Rede Energia is related to or competes with CTEEP Companhia, Empresa Metropolitana, Energisa, Energisa, and Companhiade Eletricidade. Rede Energia Participaes S.A., through its subsidiaries, engages in the generation, distribution, and commercialization ... More
Rede Energia 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 Rede Energia'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 Rede Energia Participaes upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.35 |
Rede Energia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rede Energia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rede Energia's standard deviation. In reality, there are many statistical measures that can use Rede Energia historical prices to predict the future Rede Energia's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 1.5 |
Rede Energia Participaes Backtested Returns
Rede Energia Participaes maintains Sharpe Ratio (i.e., Efficiency) of -0.0866, which implies the firm had a -0.0866% return per unit of risk over the last 3 months. Rede Energia Participaes exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Rede Energia's Risk Adjusted Performance of (0.04), coefficient of variation of (1,841), and Variance of 0.6691 to confirm the risk estimate we provide. The company holds a Beta of -0.0363, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Rede Energia are expected to decrease at a much lower rate. During the bear market, Rede Energia is likely to outperform the market. At this point, Rede Energia Participaes has a negative expected return of -0.069%. Please make sure to check Rede Energia's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Rede Energia Participaes performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.40 |
Average predictability
Rede Energia Participaes has average predictability. Overlapping area represents the amount of predictability between Rede Energia time series from 4th of December 2022 to 29th of November 2023 and 29th of November 2023 to 23rd 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 Rede Energia Participaes price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Rede Energia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Rede Energia Participaes lagged returns against current returns
Autocorrelation, which is Rede Energia 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 Rede Energia's stock expected returns. We can calculate the autocorrelation of Rede Energia returns to help us make a trade decision. For example, suppose you find that Rede Energia 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 |
Rede Energia 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 Rede Energia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rede Energia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rede Energia stock over time.
Current vs Lagged Prices |
| Timeline |
Rede Energia Lagged Returns
When evaluating Rede Energia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rede Energia stock have on its future price. Rede Energia 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, Rede Energia autocorrelation shows the relationship between Rede Energia stock current value and its past values and can show if there is a momentum factor associated with investing in Rede Energia Participaes.
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 Rede Stock Analysis
When running Rede Energia's price analysis, check to measure Rede Energia'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 Rede Energia is operating at the current time. Most of Rede Energia's value examination focuses on studying past and present price action to predict the probability of Rede Energia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rede Energia's price. Additionally, you may evaluate how the addition of Rede Energia to your portfolios can decrease your overall portfolio volatility.