Energy Of Minas Stock Price on May 9, 2024

CIG-C Stock  USD 2.37  0.04  1.72%   
If you're considering investing in Energy Stock, it is important to understand the factors that can impact its price. As of today, the current price of Energy Of stands at 2.37, as last reported on the 30th of December, with the highest price reaching 2.37 and the lowest price hitting 2.37 during the day. Energy of Minas secures Sharpe Ratio (or Efficiency) of -0.0693, which denotes the company had a -0.0693% return per unit of risk over the last 3 months. Energy of Minas exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Energy Of's Standard Deviation of 1.87, mean deviation of 1.33, and Variance of 3.51 to check the risk estimate we provide.
  
Energy Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0693

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Estimated Market Risk

 1.87
  actual daily
16
84% of assets are more volatile

Expected Return

 -0.13
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average Energy Of is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Energy Of by adding Energy Of to a well-diversified portfolio.

Energy Of Valuation on May 9, 2024

It is possible to determine the worth of Energy Of on a given historical date. On May 9, 2024 Energy was worth 2.25 at the beginning of the trading date compared to the closed value of 2.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Energy Of stock. Still, in general, we apply an absolute valuation method to find Energy Of's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Energy Of where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Energy Of's related companies.
 Open High Low Close Volume
  2.23    2.23    2.23    2.23    968.00  
05/09/2024
  2.25    2.25    2.19    2.19    2,905  
  2.25    2.25    2.15    2.15    1,799  
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Open Value
2.25
2.19
Closing Value
7.87
Upside

Energy Of Trading Date Momentum on May 9, 2024

On May 10 2024 Energy of Minas was traded for  2.15  at the closing time. The highest daily price throughout the period was 2.25  and the lowest price was  2.15 . The daily volume was 1.8 K. The net trading volume on 05/10/2024 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 1.83% . The overall trading delta to current closing price is 6.39% .

Energy of Minas Fundamentals Correlations and Trends

By evaluating Energy Of's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Energy Of's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Energy financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Energy Of Stock history

Energy Of investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Energy is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Energy of Minas will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Energy Of stock prices may prove useful in developing a viable investing in Energy Of
Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil. Comp En operates under UtilitiesDiversified classification in the United States and is traded on NYQ Exchange. It employs 5025 people.

Energy Of Stock Technical Analysis

Energy Of technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Energy Of technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Energy Of trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Energy Of Period Price Range

Low
December 30, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Energy of Minas cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Energy Of December 30, 2024 Market Strength

Market strength indicators help investors to evaluate how Energy Of stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Energy Of shares will generate the highest return on investment. By undertsting and applying Energy Of stock market strength indicators, traders can identify Energy of Minas entry and exit signals to maximize returns

Energy Of Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Energy Of's price direction in advance. Along with the technical and fundamental analysis of Energy Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Energy to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Energy Stock analysis

When running Energy Of's price analysis, check to measure Energy Of'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 Energy Of is operating at the current time. Most of Energy Of's value examination focuses on studying past and present price action to predict the probability of Energy Of's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Of's price. Additionally, you may evaluate how the addition of Energy Of to your portfolios can decrease your overall portfolio volatility.
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