CTEEP Companhia (Brazil) Market Value
| TRPL3 Stock | BRL 31.26 0.58 1.89% |
| Symbol | CTEEP |
CTEEP Companhia '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 CTEEP Companhia'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 CTEEP Companhia.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in CTEEP Companhia on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding CTEEP Companhia or generate 0.0% return on investment in CTEEP Companhia over 270 days. CTEEP Companhia is related to or competes with Centrais Eltricas, Companhia Energtica, Companhia, Companhia Siderrgica, and Companhia Paranaense. CTEEP Companhia de Transmisso de Energia Eltrica Paulista S.A., an electric utility concession operator, engages in the ... More
CTEEP Companhia 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 CTEEP Companhia'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 CTEEP Companhia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 6.85 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.39 |
CTEEP Companhia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTEEP Companhia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTEEP Companhia's standard deviation. In reality, there are many statistical measures that can use CTEEP Companhia historical prices to predict the future CTEEP Companhia's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.7976 |
CTEEP Companhia Backtested Returns
CTEEP Companhia secures Sharpe Ratio (or Efficiency) of -0.0357, which signifies that the company had a -0.0357% return per unit of risk over the last 3 months. CTEEP Companhia exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CTEEP Companhia's Risk Adjusted Performance of (0.02), mean deviation of 0.6693, and Standard Deviation of 0.9743 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0499, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CTEEP Companhia are expected to decrease at a much lower rate. During the bear market, CTEEP Companhia is likely to outperform the market. At this point, CTEEP Companhia has a negative expected return of -0.0349%. Please make sure to confirm CTEEP Companhia's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if CTEEP Companhia performance from the past will be repeated in the future.
Auto-correlation | -0.41 |
Modest reverse predictability
CTEEP Companhia has modest reverse predictability. Overlapping area represents the amount of predictability between CTEEP Companhia time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 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 CTEEP Companhia price movement. The serial correlation of -0.41 indicates that just about 41.0% of current CTEEP Companhia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
CTEEP Companhia lagged returns against current returns
Autocorrelation, which is CTEEP Companhia 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 CTEEP Companhia's stock expected returns. We can calculate the autocorrelation of CTEEP Companhia returns to help us make a trade decision. For example, suppose you find that CTEEP Companhia 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 |
CTEEP Companhia 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 CTEEP Companhia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTEEP Companhia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTEEP Companhia stock over time.
Current vs Lagged Prices |
| Timeline |
CTEEP Companhia Lagged Returns
When evaluating CTEEP Companhia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTEEP Companhia stock have on its future price. CTEEP Companhia 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, CTEEP Companhia autocorrelation shows the relationship between CTEEP Companhia stock current value and its past values and can show if there is a momentum factor associated with investing in CTEEP Companhia.
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 CTEEP Stock Analysis
When running CTEEP Companhia's price analysis, check to measure CTEEP Companhia'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 CTEEP Companhia is operating at the current time. Most of CTEEP Companhia's value examination focuses on studying past and present price action to predict the probability of CTEEP Companhia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTEEP Companhia's price. Additionally, you may evaluate how the addition of CTEEP Companhia to your portfolios can decrease your overall portfolio volatility.