Companhiade Eletricidade (Brazil) Market Value
| CEEB3 Stock | BRL 38.13 0.86 2.21% |
| Symbol | Companhiade |
Companhiade Eletricidade '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 Companhiade Eletricidade'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 Companhiade Eletricidade.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Companhiade Eletricidade on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Companhiade Eletricidade do or generate 0.0% return on investment in Companhiade Eletricidade over 720 days. Companhiade Eletricidade is related to or competes with Transmissora Aliana, BB Seguridade, Hypera SA, Energisa, BTG Pactual, Plano Plano, and Companhia Habitasul. Companhiade Eletricidade do Estado da Bahia - COELBA engages in the distribution of electricity in the Bahia state More
Companhiade Eletricidade 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 Companhiade Eletricidade'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 Companhiade Eletricidade do upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 6.99 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.1 |
Companhiade Eletricidade Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhiade Eletricidade's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhiade Eletricidade's standard deviation. In reality, there are many statistical measures that can use Companhiade Eletricidade historical prices to predict the future Companhiade Eletricidade's volatility.| Risk Adjusted Performance | 0.006 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | (0.03) |
Companhiade Eletricidade Backtested Returns
Companhiade Eletricidade secures Sharpe Ratio (or Efficiency) of -0.0067, which signifies that the company had a -0.0067% return per unit of risk over the last 3 months. Companhiade Eletricidade do exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhiade Eletricidade's Mean Deviation of 0.7877, risk adjusted performance of 0.006, and Downside Deviation of 1.25 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Companhiade Eletricidade's returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhiade Eletricidade is expected to be smaller as well. At this point, Companhiade Eletricidade has a negative expected return of -0.0083%. Please make sure to confirm Companhiade Eletricidade's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if Companhiade Eletricidade performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Companhiade Eletricidade do has very weak predictability. Overlapping area represents the amount of predictability between Companhiade Eletricidade time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th of December 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 Companhiade Eletricidade price movement. The serial correlation of 0.18 indicates that over 18.0% of current Companhiade Eletricidade price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 1.12 |
Companhiade Eletricidade lagged returns against current returns
Autocorrelation, which is Companhiade Eletricidade 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 Companhiade Eletricidade's stock expected returns. We can calculate the autocorrelation of Companhiade Eletricidade returns to help us make a trade decision. For example, suppose you find that Companhiade Eletricidade 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 |
Companhiade Eletricidade 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 Companhiade Eletricidade stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhiade Eletricidade stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhiade Eletricidade stock over time.
Current vs Lagged Prices |
| Timeline |
Companhiade Eletricidade Lagged Returns
When evaluating Companhiade Eletricidade's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhiade Eletricidade stock have on its future price. Companhiade Eletricidade 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, Companhiade Eletricidade autocorrelation shows the relationship between Companhiade Eletricidade stock current value and its past values and can show if there is a momentum factor associated with investing in Companhiade Eletricidade do.
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 Companhiade Stock Analysis
When running Companhiade Eletricidade's price analysis, check to measure Companhiade Eletricidade'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 Companhiade Eletricidade is operating at the current time. Most of Companhiade Eletricidade's value examination focuses on studying past and present price action to predict the probability of Companhiade Eletricidade's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Companhiade Eletricidade's price. Additionally, you may evaluate how the addition of Companhiade Eletricidade to your portfolios can decrease your overall portfolio volatility.