Companhia Energetica De Stock Market Value
| CIG Stock | USD 2.65 0.01 0.38% |
| Symbol | Companhia |
Companhia Energetica Price To Book Ratio
Is Companhia Energetica's industry 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 0.341 | Dividend Share 1.092 | Earnings Share 0.5 | Revenue Per Share 12.881 | Quarterly Revenue Growth 0.021 |
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.
Companhia Energetica '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 Energetica'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 Energetica.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in Companhia Energetica on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Companhia Energetica de or generate 0.0% return on investment in Companhia Energetica over 30 days. Companhia Energetica is related to or competes with AES, Avista, Brookfield Infrastructure, Sempra Energy, UNITIL, and Brookfield Infrastructure. Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, an... More
Companhia Energetica 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 Energetica'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 Energetica de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.109 | |||
| Maximum Drawdown | 6.73 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.73 |
Companhia Energetica Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Energetica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Energetica's standard deviation. In reality, there are many statistical measures that can use Companhia Energetica historical prices to predict the future Companhia Energetica's volatility.| Risk Adjusted Performance | 0.1009 | |||
| Jensen Alpha | 0.2022 | |||
| Total Risk Alpha | 0.0676 | |||
| Sortino Ratio | 0.1064 | |||
| Treynor Ratio | 0.2375 |
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.
Companhia Energetica Backtested Returns
Companhia Energetica appears to be moderately volatile, given 3 months investment horizon. Companhia Energetica secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Companhia Energetica de, which you can use to evaluate the volatility of the firm. Please makes use of Companhia Energetica's Mean Deviation of 1.46, risk adjusted performance of 0.1009, and Downside Deviation of 2.03 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Companhia Energetica holds a performance score of 12. The firm shows a Beta (market volatility) of 1.2, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Companhia Energetica will likely underperform. Please check Companhia Energetica's jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to make a quick decision on whether Companhia Energetica's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Companhia Energetica de has insignificant reverse predictability. Overlapping area represents the amount of predictability between Companhia Energetica time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 Energetica price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Companhia Energetica price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Companhia Energetica lagged returns against current returns
Autocorrelation, which is Companhia Energetica 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 Energetica's stock expected returns. We can calculate the autocorrelation of Companhia Energetica returns to help us make a trade decision. For example, suppose you find that Companhia Energetica 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 Energetica 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 Energetica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Energetica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Energetica stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Energetica Lagged Returns
When evaluating Companhia Energetica's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Energetica stock have on its future price. Companhia Energetica 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 Energetica autocorrelation shows the relationship between Companhia Energetica stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Energetica de.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Companhia Energetica in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Companhia Energetica's short interest history, or implied volatility extrapolated from Companhia Energetica options trading.
Pair Trading with Companhia Energetica
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 Energetica 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 Energetica will appreciate offsetting losses from the drop in the long position's value.Moving together with Companhia Stock
| 0.73 | AES | AES | PairCorr |
| 0.74 | ALE | Allete Inc | PairCorr |
| 0.77 | AVA | Avista | PairCorr |
Moving against Companhia Stock
| 0.69 | MNTK | Montauk Renewables Financial Report 8th of May 2024 | PairCorr |
| 0.68 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
| 0.64 | ELPC | Companhia Paranaense | PairCorr |
| 0.59 | ELP | Companhia Paranaense Financial Report 8th of May 2024 | PairCorr |
| 0.55 | DUKB | Duke Energy Corp | PairCorr |
The ability to find closely correlated positions to Companhia Energetica 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 Energetica 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 Energetica - 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 Energetica de to buy it.
The correlation of Companhia Energetica 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 Energetica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Companhia Energetica 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 Energetica 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.Check out Companhia Energetica Correlation, Companhia Energetica Volatility and Companhia Energetica Alpha and Beta module to complement your research on Companhia Energetica. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Companhia Stock analysis
When running Companhia Energetica's price analysis, check to measure Companhia Energetica'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 Energetica is operating at the current time. Most of Companhia Energetica's value examination focuses on studying past and present price action to predict the probability of Companhia Energetica'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 Energetica's price. Additionally, you may evaluate how the addition of Companhia Energetica to your portfolios can decrease your overall portfolio volatility.
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Companhia Energetica 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.