Transmissora Aliana (Brazil) Market Value
| TAEE4 Preferred Stock | BRL 11.70 0.02 0.17% |
| Symbol | Transmissora |
Transmissora Aliana '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 Transmissora Aliana's preferred 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 Transmissora Aliana.
| 02/20/2024 |
| 05/20/2024 |
If you would invest 0.00 in Transmissora Aliana on February 20, 2024 and sell it all today you would earn a total of 0.00 from holding Transmissora Aliana de or generate 0.0% return on investment in Transmissora Aliana over 90 days. Transmissora Aliana is related to or competes with Centrais Eltricas, Centrais Eltricas, Energisa, CTEEP Companhia, Energisa, and Alupar Investimento. Transmissora Aliana de Energia Eltrica S.A More
Transmissora Aliana 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 Transmissora Aliana's preferred 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 Transmissora Aliana de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8918 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.72 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.25 |
Transmissora Aliana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Transmissora Aliana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Transmissora Aliana's standard deviation. In reality, there are many statistical measures that can use Transmissora Aliana historical prices to predict the future Transmissora Aliana's volatility.| Risk Adjusted Performance | 0.0237 | |||
| Jensen Alpha | 0.0171 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.3167 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Transmissora Aliana'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.
Transmissora Aliana Backtested Returns
We consider Transmissora Aliana very steady. Transmissora Aliana owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0531, which indicates the firm had a 0.0531% return per unit of risk over the last 3 months. We have found thirty technical indicators for Transmissora Aliana de, which you can use to evaluate the volatility of the company. Please validate Transmissora Aliana's Coefficient Of Variation of 3007.46, semi deviation of 0.844, and Risk Adjusted Performance of 0.0237 to confirm if the risk estimate we provide is consistent with the expected return of 0.0548%. Transmissora Aliana has a performance score of 4 on a scale of 0 to 100. The entity has a beta of 0.0752, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Transmissora Aliana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Transmissora Aliana is expected to be smaller as well. Transmissora Aliana right now has a risk of 1.03%. Please validate Transmissora Aliana semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to decide if Transmissora Aliana will be following its existing price patterns.
Auto-correlation | 0.43 |
Average predictability
Transmissora Aliana de has average predictability. Overlapping area represents the amount of predictability between Transmissora Aliana time series from 20th of February 2024 to 5th of April 2024 and 5th of April 2024 to 20th 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 Transmissora Aliana price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Transmissora Aliana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Transmissora Aliana lagged returns against current returns
Autocorrelation, which is Transmissora Aliana preferred 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 Transmissora Aliana's preferred stock expected returns. We can calculate the autocorrelation of Transmissora Aliana returns to help us make a trade decision. For example, suppose you find that Transmissora Aliana has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Transmissora Aliana 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 Transmissora Aliana preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Transmissora Aliana preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Transmissora Aliana preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Transmissora Aliana Lagged Returns
When evaluating Transmissora Aliana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Transmissora Aliana preferred stock have on its future price. Transmissora Aliana 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, Transmissora Aliana autocorrelation shows the relationship between Transmissora Aliana preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Transmissora Aliana de.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Transmissora Aliana Correlation, Transmissora Aliana Volatility and Transmissora Aliana Alpha and Beta module to complement your research on Transmissora Aliana. Note that the Transmissora Aliana information on this page should be used as a complementary analysis to other Transmissora Aliana's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Transmissora Preferred Stock analysis
When running Transmissora Aliana's price analysis, check to measure Transmissora Aliana'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 Transmissora Aliana is operating at the current time. Most of Transmissora Aliana's value examination focuses on studying past and present price action to predict the probability of Transmissora Aliana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Transmissora Aliana's price. Additionally, you may evaluate how the addition of Transmissora Aliana to your portfolios can decrease your overall portfolio volatility.
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Transmissora Aliana technical preferred 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, preferred stock market cycles, or different charting patterns.