Companhia Energetica Stock Forecast - Simple Exponential Smoothing
| CIG Stock | USD 1.85 0.03 1.65% |
The Simple Exponential Smoothing forecasted value of Companhia Energetica de on the next trading day is expected to be 1.85 with a mean absolute deviation of 0.03 and the sum of the absolute errors of 1.76. Companhia Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Companhia Energetica's historical fundamentals, such as revenue growth or operating cash flow patterns.
Companhia |
Open Interest Against 2024-06-21 Companhia Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Companhia Energetica's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Companhia Energetica's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Companhia Energetica stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Companhia Energetica's open interest, investors have to compare it to Companhia Energetica's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Companhia Energetica is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Companhia. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Companhia Energetica cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Companhia Energetica's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Companhia Energetica's price structures and extracts relationships that further increase the generated results' accuracy.
Companhia Energetica simple exponential smoothing forecast is a very popular model used to produce a smoothed price series. Whereas in simple Moving Average models the past observations for Companhia Energetica de are weighted equally, Exponential Smoothing assigns exponentially decreasing weights as Companhia Energetica prices get older. Companhia Energetica Simple Exponential Smoothing Price Forecast For the 15th of June 2024
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Companhia Energetica de on the next trading day is expected to be 1.85 with a mean absolute deviation of 0.03, mean absolute percentage error of 0, and the sum of the absolute errors of 1.76.Please note that although there have been many attempts to predict Companhia Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Companhia Energetica's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Companhia Energetica Stock Forecast Pattern
| Backtest Companhia Energetica | Companhia Energetica Price Prediction | Buy or Sell Advice |
Companhia Energetica Forecasted Value
In the context of forecasting Companhia Energetica's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Companhia Energetica's downside and upside margins for the forecasting period are 0.02 and 3.92, respectively. We have considered Companhia Energetica's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Companhia Energetica stock data series using in forecasting. Note that when a statistical model is used to represent Companhia Energetica stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 111.6223 |
| Bias | Arithmetic mean of the errors | -0.0026 |
| MAD | Mean absolute deviation | 0.0289 |
| MAPE | Mean absolute percentage error | 0.0152 |
| SAE | Sum of the absolute errors | 1.76 |
Predictive Modules for Companhia Energetica
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Companhia Energetica. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Companhia Energetica's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Companhia Energetica
For every potential investor in Companhia, whether a beginner or expert, Companhia Energetica's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Companhia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Companhia. Basic forecasting techniques help filter out the noise by identifying Companhia Energetica's price trends.Companhia Energetica Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Companhia Energetica stock to make a market-neutral strategy. Peer analysis of Companhia Energetica could also be used in its relative valuation, which is a method of valuing Companhia Energetica by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Companhia Energetica Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Companhia Energetica's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Companhia Energetica's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Companhia Energetica Market Strength Events
Market strength indicators help investors to evaluate how Companhia Energetica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Companhia Energetica shares will generate the highest return on investment. By undertsting and applying Companhia Energetica stock market strength indicators, traders can identify Companhia Energetica de entry and exit signals to maximize returns.
| Accumulation Distribution | 41198.57 | |||
| Daily Balance Of Power | 0.5 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 1.84 | |||
| Day Typical Price | 1.84 | |||
| Price Action Indicator | 0.025 | |||
| Period Momentum Indicator | 0.03 |
Companhia Energetica Risk Indicators
The analysis of Companhia Energetica's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Companhia Energetica's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting companhia stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.56 | |||
| Semi Deviation | 1.93 | |||
| Standard Deviation | 2.11 | |||
| Variance | 4.46 | |||
| Downside Variance | 5.24 | |||
| Semi Variance | 3.71 | |||
| Expected Short fall | (1.71) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Additional Information and Resources on Investing in Companhia Stock
When determining whether Companhia Energetica is a strong investment it is important to analyze Companhia Energetica'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 Energetica's future performance. For an informed investment choice regarding Companhia Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Companhia Energetica to cross-verify your projections. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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 Energetica. 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 Energetica 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 (0.17) | Dividend Share 1.092 | Earnings Share 0.38 | Revenue Per Share 13.025 | Quarterly Revenue Growth 0.048 |
The market value of Companhia Energetica 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 Energetica's value that differs from its market value or its book value, called intrinsic value, which is Companhia Energetica'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 Energetica's market value can be influenced by many factors that don't directly affect Companhia Energetica'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 Energetica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Companhia Energetica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia Energetica'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.