Transmissora Aliana (Brazil) Market Value
| TAEE4 Preferred Stock | BRL 11.38 0.10 0.87% |
| Symbol | Transmissora |
Transmissora Aliana '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 Transmissora Aliana's preferred 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 Transmissora Aliana.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Transmissora Aliana on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Transmissora Aliana de or generate 0.0% return on investment in Transmissora Aliana over 720 days. Transmissora Aliana is related to or competes with CPFL Energia, Light SA, Eneva SA, Companhia, and Direcional Engenharia. Transmissora Aliana de Energia Eltrica S.A More
Transmissora Aliana 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 Transmissora Aliana's preferred 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 Transmissora Aliana de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.91 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 0.8772 |
Transmissora Aliana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transmissora Aliana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transmissora Aliana's standard deviation. In reality, there are many statistical measures that can use Transmissora Aliana historical prices to predict the future Transmissora Aliana's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (2.46) |
Transmissora Aliana Backtested Returns
Transmissora Aliana owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.043, which indicates the firm had a -0.043% return per unit of risk over the last 3 months. Transmissora Aliana de exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Transmissora Aliana's Variance of 0.666, coefficient of variation of (2,882), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.0156, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transmissora Aliana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transmissora Aliana is expected to be smaller as well. At this point, Transmissora Aliana has a negative expected return of -0.0341%. Please make sure to validate Transmissora Aliana's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Transmissora Aliana performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
Transmissora Aliana de has very weak reverse predictability. Overlapping area represents the amount of predictability between Transmissora Aliana time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Transmissora Aliana price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Transmissora Aliana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Transmissora Aliana lagged returns against current returns
Autocorrelation, which is Transmissora Aliana preferred 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 Transmissora Aliana's preferred stock expected returns. We can calculate the autocorrelation of Transmissora Aliana returns to help us make a trade decision. For example, suppose you find that Transmissora Aliana has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Transmissora Aliana 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 Transmissora Aliana preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transmissora Aliana preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transmissora Aliana preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Transmissora Aliana Lagged Returns
When evaluating Transmissora Aliana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transmissora Aliana preferred stock have on its future price. Transmissora Aliana 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, Transmissora Aliana autocorrelation shows the relationship between Transmissora Aliana preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Transmissora Aliana de.
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 Transmissora Preferred Stock Analysis
When running Transmissora Aliana's price analysis, check to measure Transmissora Aliana'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 Transmissora Aliana is operating at the current time. Most of Transmissora Aliana's value examination focuses on studying past and present price action to predict the probability of Transmissora Aliana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transmissora Aliana's price. Additionally, you may evaluate how the addition of Transmissora Aliana to your portfolios can decrease your overall portfolio volatility.