Companhia Energtica (Germany) Market Value
| CID Stock | EUR 1.85 0.00 0.00% |
| Symbol | Companhia |
Companhia Energtica '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 Companhia Energtica'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 Companhia Energtica.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in Companhia Energtica on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Companhia Energtica de or generate 0.0% return on investment in Companhia Energtica over 390 days. Companhia Energtica is related to or competes with SSE PLC, CIA ENGER, EVN AG, and TELECOM PLUS. Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, an... More
Companhia Energtica 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 Companhia Energtica'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 Companhia Energtica de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 5.01 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 2.29 |
Companhia Energtica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Energtica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Energtica's standard deviation. In reality, there are many statistical measures that can use Companhia Energtica historical prices to predict the future Companhia Energtica's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.16) |
Companhia Energtica Backtested Returns
At this point, Companhia Energtica is slightly risky. Companhia Energtica secures Sharpe Ratio (or Efficiency) of 0.0555, which signifies that the company had a 0.0555% return per unit of risk over the last 3 months. We have found nineteen technical indicators for Companhia Energtica de, which you can use to evaluate the volatility of the firm. Please confirm Companhia Energtica's Mean Deviation of 0.8602, standard deviation of 1.27, and insignificant Risk Adjusted Performance to double-check if the risk estimate we provide is consistent with the expected return of 0.0664%. Companhia Energtica has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Companhia Energtica's returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhia Energtica is expected to be smaller as well. Companhia Energtica right now shows a risk of 1.2%. Please confirm Companhia Energtica jensen alpha, value at risk, and the relationship between the information ratio and total risk alpha , to decide if Companhia Energtica will be following its price patterns.
Auto-correlation | 0.59 |
Modest predictability
Companhia Energtica de has modest predictability. Overlapping area represents the amount of predictability between Companhia Energtica time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Companhia Energtica price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Companhia Energtica price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Companhia Energtica lagged returns against current returns
Autocorrelation, which is Companhia Energtica 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 Companhia Energtica's stock expected returns. We can calculate the autocorrelation of Companhia Energtica returns to help us make a trade decision. For example, suppose you find that Companhia Energtica 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 |
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Companhia Energtica 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 Companhia Energtica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Energtica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Energtica stock over time.
Current vs Lagged Prices |
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Companhia Energtica Lagged Returns
When evaluating Companhia Energtica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Energtica stock have on its future price. Companhia Energtica 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, Companhia Energtica autocorrelation shows the relationship between Companhia Energtica stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Energtica de.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Companhia Stock
Companhia Energtica financial ratios help investors to determine whether Companhia Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Companhia with respect to the benefits of owning Companhia Energtica security.