Companhia Paranaense Ownership
| ELP Stock | USD 7.40 0.14 1.86% |
Companhia |
Companhia Stock Ownership Analysis
The company has price-to-book (P/B) ratio of 1.23. Some equities with similar Price to Book (P/B) outperform the market in the long run. Companhia Paranaense last dividend was issued on the 13th of December 2024. The entity had 1:5 split on the 28th of April 2021. Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and trading of energy to industrial, residential, commercial, rural, and other customers primarily in the State of Paran, Brazil. Companhia Paranaense de Energia COPEL was founded in 1954 and is headquartered in Curitiba, Brazil. Companhia Paranaense operates under UtilitiesDiversified classification in the United States and is traded on New York Stock Exchange. It employs 6104 people. To learn more about Companhia Paranaense de call Daniel Slaviero at 55 41 3331 4011 or check out https://www.copel.com.Companhia Paranaense Outstanding Bonds
Companhia Paranaense issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Companhia Paranaense uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Companhia bonds can be classified according to their maturity, which is the date when Companhia Paranaense de has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Pair Trading with Companhia Paranaense
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Companhia Paranaense position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Companhia Paranaense will appreciate offsetting losses from the drop in the long position's value.Moving together with Companhia Stock
Moving against Companhia Stock
| 0.51 | SRE | Sempra Energy | PairCorr |
| 0.4 | AES | AES Aggressive Push | PairCorr |
| 0.34 | MNTK | Montauk Renewables | PairCorr |
The ability to find closely correlated positions to Companhia Paranaense could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Companhia Paranaense when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Companhia Paranaense - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Companhia Paranaense de to buy it.
The correlation of Companhia Paranaense is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Companhia Paranaense moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Companhia Paranaense moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Companhia Paranaense can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Companhia Stock Analysis
When running Companhia Paranaense's price analysis, check to measure Companhia Paranaense'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 Companhia Paranaense is operating at the current time. Most of Companhia Paranaense's value examination focuses on studying past and present price action to predict the probability of Companhia Paranaense's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhia Paranaense's price. Additionally, you may evaluate how the addition of Companhia Paranaense to your portfolios can decrease your overall portfolio volatility.