Companhia Energtica (Germany) Market Value


EUR 2.12  0.02  0.95%   

Companhia Energtica's market value is the price at which a share of Companhia Energtica stock trades on a public exchange. It measures the collective expectations of Companhia Energtica De investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Companhia Energtica De and determine expected loss or profit from investing in Companhia Energtica over a given investment horizon. Continue to Companhia Energtica Correlation, Companhia Energtica Volatility and Companhia Energtica Alpha and Beta module to complement your research on Companhia Energtica.

Please note, there is a significant difference between Companhia Energtica's value and its price as these two are different measures arrived at by different means. Investors typically determine Companhia Energtica value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia Energtica'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 Energtica '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 Energtica'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 Energtica.
No Change 0.00  0.0 
In 1 year 11 months and 22 days
If you would invest  0.00  in Companhia Energtica on December 15, 2020 and sell it all today you would earn a total of 0.00 from holding Companhia Energtica De or generate 0.0% return on investment in Companhia Energtica over 720 days. Companhia Energtica is related to or competes with Companhia Energtica, Pexip Holding, Derwent London, BASF SE, Bayer Aktiengesellscha, and Raytheon Technologies. Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, an... More

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

Companhia Energtica Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Energtica's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Energtica's standard deviation. In reality, there are many statistical measures that can use Companhia Energtica historical prices to predict the future Companhia Energtica's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Companhia Energtica'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. Please use the tools below to analyze the current value of Companhia Energtica in the context of predictive analytics.
LowEstimated ValueHigh
LowReal ValueHigh
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Companhia Energtica. Your research has to be compared to or analyzed against Companhia Energtica's peers to derive any actionable benefits. When done correctly, Companhia Energtica's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Companhia Energtica.

Companhia Energtica Backtested Returns

We consider Companhia Energtica dangerous. Companhia Energtica secures Sharpe Ratio (or Efficiency) of 0.0056, which signifies that the company had 0.0056% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Companhia Energtica De, which you can use to evaluate the future volatility of the firm. Please confirm Companhia Energtica Downside Deviation of 4.11, mean deviation of 3.91, and Risk Adjusted Performance of 0.0195 to double-check if the risk estimate we provide is consistent with the expected return of 0.0271%.
The firm shows a Beta (market volatility) of -0.3229, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Companhia's beta means in this case. As returns on the market increase, returns on owning Companhia Energtica are expected to decrease at a much lower rate. During the bear market, Companhia Energtica is likely to outperform the market. Although it is important to respect Companhia Energtica historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Companhia Energtica technical indicators, you can presently evaluate if the expected return of 0.0271% will be sustainable into the future. Companhia Energtica right now shows a risk of 4.8%. Please confirm Companhia Energtica variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if Companhia Energtica will be following its price patterns.



Average predictability

Companhia Energtica De has average predictability. Overlapping area represents the amount of predictability between Companhia Energtica time series from 15th of December 2020 to 10th of December 2021 and 10th of December 2021 to 5th of December 2022. 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 Energtica price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Companhia Energtica price fluctuation can be explain by its past prices.
Correlation Coefficient0.43
Spearman Rank Test0.41
Residual Average0.0
Price Variance0.08

Companhia Energtica lagged returns against current returns

Autocorrelation, which is Companhia Energtica 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 Energtica's stock expected returns. We can calculate the autocorrelation of Companhia Energtica returns to help us make a trade decision. For example, suppose you find that Companhia Energtica stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   

Companhia Energtica 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 Energtica stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Energtica stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Energtica stock over time.
   Current vs Lagged Prices   

Companhia Energtica Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Companhia Energtica without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Companhia Energtica

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 Energtica 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 Energtica will appreciate offsetting losses from the drop in the long position's value.

Moving together with Companhia Energtica

+0.74CIDACompanhia EnergticaPairCorr
The ability to find closely correlated positions to Companhia Energtica 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 Energtica 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 Energtica - 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 Energtica De to buy it.
The correlation of Companhia Energtica is a statistical measure of how it moves in relation to other equities. 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 Energtica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Companhia Energtica 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 Energtica 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.
Pair CorrelationCorrelation Matching
Continue to Companhia Energtica Correlation, Companhia Energtica Volatility and Companhia Energtica Alpha and Beta module to complement your research on Companhia Energtica. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for analysis

When running Companhia Energtica price analysis, check to measure Companhia Energtica'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 Energtica is operating at the current time. Most of Companhia Energtica's value examination focuses on studying past and present price action to predict the probability of Companhia Energtica's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Companhia Energtica's price. Additionally, you may evaluate how the addition of Companhia Energtica to your portfolios can decrease your overall portfolio volatility.
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Companhia Energtica 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 Energtica technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Companhia Energtica 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...