Companhia (Germany) Market Value

SAJA Stock  EUR 13.30  0.30  2.21%   
Companhia's market value is the price at which a share of Companhia trades on a public exchange. It measures the collective expectations of Companhia de Saneamento investors about its performance. Companhia is trading at 13.30 as of the 22nd of December 2024. This is a 2.21% down since the beginning of the trading day. The stock's lowest day price was 13.3.
With this module, you can estimate the performance of a buy and hold strategy of Companhia de Saneamento and determine expected loss or profit from investing in Companhia over a given investment horizon. Check out Companhia Correlation, Companhia Volatility and Companhia Alpha and Beta module to complement your research on Companhia.
Symbol

Please note, there is a significant difference between Companhia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Companhia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia'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 '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'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.
0.00
01/02/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/22/2024
0.00
If you would invest  0.00  in Companhia on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Companhia de Saneamento or generate 0.0% return on investment in Companhia over 720 days. Companhia is related to or competes with American Water, Aqua America, United Utilities, Guangdong Investment, Gelsenwasser, and American States. Companhia de Saneamento Bsico do Estado de So Paulo - SABESP provides basic and environmental sanitation services, and s... More

Companhia 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'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 de Saneamento upside and downside potential and time the market with a certain degree of confidence.

Companhia Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia's standard deviation. In reality, there are many statistical measures that can use Companhia historical prices to predict the future Companhia's volatility.
Hype
Prediction
LowEstimatedHigh
11.2613.3015.34
Details
Intrinsic
Valuation
LowRealHigh
9.7611.8013.84
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Companhia. Your research has to be compared to or analyzed against Companhia's peers to derive any actionable benefits. When done correctly, Companhia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Companhia de Saneamento.

Companhia de Saneamento Backtested Returns

Companhia de Saneamento secures Sharpe Ratio (or Efficiency) of -0.0987, which signifies that the company had a -0.0987% return per unit of risk over the last 3 months. Companhia de Saneamento exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhia's Standard Deviation of 2.02, mean deviation of 1.52, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Companhia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhia is expected to be smaller as well. At this point, Companhia de Saneamento has a negative expected return of -0.2%. Please make sure to confirm Companhia's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if Companhia de Saneamento performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.26  

Poor predictability

Companhia de Saneamento has poor predictability. Overlapping area represents the amount of predictability between Companhia time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 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 de Saneamento price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Companhia price fluctuation can be explain by its past prices.
Correlation Coefficient0.26
Spearman Rank Test0.44
Residual Average0.0
Price Variance0.78

Companhia de Saneamento lagged returns against current returns

Autocorrelation, which is Companhia 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's stock expected returns. We can calculate the autocorrelation of Companhia returns to help us make a trade decision. For example, suppose you find that Companhia 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia stock over time.
   Current vs Lagged Prices   
       Timeline  

Companhia Lagged Returns

When evaluating Companhia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia stock have on its future price. Companhia 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 autocorrelation shows the relationship between Companhia stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia de Saneamento.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Additional Information and Resources on Investing in Companhia Stock

When determining whether Companhia de Saneamento is a strong investment it is important to analyze Companhia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Companhia's future performance. For an informed investment choice regarding Companhia Stock, refer to the following important reports:
Check out Companhia Correlation, Companhia Volatility and Companhia Alpha and Beta module to complement your research on Companhia.
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Companhia 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 Companhia technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Companhia 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...