Companhia Paranaense De Stock Market Value
| ELP Stock | USD 6.64 0.37 5.28% |
| Symbol | Companhia |
Companhia Paranaense Price To Book Ratio
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Companhia Paranaense. If investors know Companhia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Companhia Paranaense listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.69 | Dividend Share 0.38 | Earnings Share 0.57 | Revenue Per Share 7.441 | Quarterly Revenue Growth 0.035 |
The market value of Companhia Paranaense is measured differently than its book value, which is the value of Companhia that is recorded on the company's balance sheet. Investors also form their own opinion of Companhia Paranaense's value that differs from its market value or its book value, called intrinsic value, which is Companhia Paranaense's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Companhia Paranaense's market value can be influenced by many factors that don't directly affect Companhia Paranaense's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Companhia Paranaense's value and its price as these two are different measures arrived at by different means. Investors typically determine if Companhia Paranaense is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia Paranaense's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Companhia Paranaense '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 Paranaense'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 Paranaense.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Companhia Paranaense on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Companhia Paranaense de or generate 0.0% return on investment in Companhia Paranaense over 720 days. Companhia Paranaense is related to or competes with Montauk Renewables, Energy Of, NorthWestern, Otter Tail, Avista, Allete, and Black Hills. Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and trading of energy t... More
Companhia Paranaense 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 Paranaense'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 Paranaense de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 3.08 |
Companhia Paranaense Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Paranaense's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Paranaense's standard deviation. In reality, there are many statistical measures that can use Companhia Paranaense historical prices to predict the future Companhia Paranaense's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (4.21) |
Companhia Paranaense Backtested Returns
Companhia Paranaense secures Sharpe Ratio (or Efficiency) of -0.0721, which signifies that the company had a -0.0721% return per unit of risk over the last 3 months. Companhia Paranaense de exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhia Paranaense's Risk Adjusted Performance of (0.06), mean deviation of 1.37, and Standard Deviation of 1.98 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0434, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Companhia Paranaense's returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhia Paranaense is expected to be smaller as well. At this point, Companhia Paranaense has a negative expected return of -0.14%. Please make sure to confirm Companhia Paranaense's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Companhia Paranaense performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.68 |
Very good reverse predictability
Companhia Paranaense de has very good reverse predictability. Overlapping area represents the amount of predictability between Companhia Paranaense time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Companhia Paranaense price movement. The serial correlation of -0.68 indicates that around 68.0% of current Companhia Paranaense price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Companhia Paranaense lagged returns against current returns
Autocorrelation, which is Companhia Paranaense 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 Paranaense's stock expected returns. We can calculate the autocorrelation of Companhia Paranaense returns to help us make a trade decision. For example, suppose you find that Companhia Paranaense 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 |
Companhia Paranaense 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 Paranaense stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Paranaense stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Paranaense stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Paranaense Lagged Returns
When evaluating Companhia Paranaense's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Paranaense stock have on its future price. Companhia Paranaense 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 Paranaense autocorrelation shows the relationship between Companhia Paranaense stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Paranaense de.
Regressed Prices |
| Timeline |
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
| 0.84 | AY | Atlantica Sustainable | PairCorr |
| 0.77 | NI | NiSource | PairCorr |
| 0.73 | ALE | Allete Inc | PairCorr |
| 0.71 | SRE | Sempra Energy | PairCorr |
| 0.65 | BIP | Brookfield Infrastructure | 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.