CIA EN (Germany) Market Value

CIDA
 Stock
  

EUR 2.04  0.10  5.15%   

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

Please note, there is a significant difference between CIA EN's value and its price as these two are different measures arrived at by different means. Investors typically determine CIA EN value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CIA EN'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.

CIA EN '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 CIA EN'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 CIA EN.
0.00
10/28/2022
No Change 0.00  0.0 
In 31 days
11/27/2022
0.00
If you would invest  0.00  in CIA EN on October 28, 2022 and sell it all today you would earn a total of 0.00 from holding CIA EN GE or generate 0.0% return on investment in CIA EN over 30 days. CIA EN is related to or competes with LUFTHANSA, and COMMERZBANK. Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, an... More

CIA EN 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 CIA EN'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 CIA EN GE upside and downside potential and time the market with a certain degree of confidence.

CIA EN Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CIA EN's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIA EN's standard deviation. In reality, there are many statistical measures that can use CIA EN historical prices to predict the future CIA EN's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of CIA EN'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 CIA EN in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.102.046.88
Details
Intrinsic
Valuation
LowReal ValueHigh
0.091.726.56
Details
Naive
Forecast
LowNext ValueHigh
0.0400182.006.84
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.842.022.19
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CIA EN. Your research has to be compared to or analyzed against CIA EN's peers to derive any actionable benefits. When done correctly, CIA EN'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 CIA EN GE.

CIA EN GE Backtested Returns

CIA EN GE retains Efficiency (Sharpe Ratio) of -0.0138, which signifies that the company had -0.0138% of return per unit of risk over the last 3 months. Macroaxis approach to foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. CIA EN exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CIA EN GE coefficient of variation of (4,126), and Market Risk Adjusted Performance of (1.72) to double-check the risk estimate we provide.
The firm owns a Beta (Systematic Risk) of 0.0738, which signifies not very significant fluctuations relative to the market. Let's try to break down what CIA EN's beta means in this case. As returns on the market increase, CIA EN returns are expected to increase less than the market. However, during the bear market, the loss on holding CIA EN will be expected to be smaller as well. Even though it is essential to pay attention to CIA EN GE existing price patterns, it is always good to be careful when utilizing equity price patterns. Our approach to foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. CIA EN exposes twenty-one different technical indicators, which can help you to evaluate its performance. CIA EN GE has an expected return of -0.0667%. Please be advised to confirm CIA EN GE semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation to decide if CIA EN GE performance from the past will be repeated at some future date.

Auto-correlation

    
  -0.24  

Weak reverse predictability

CIA EN GE has weak reverse predictability. Overlapping area represents the amount of predictability between CIA EN time series from 28th of October 2022 to 12th of November 2022 and 12th of November 2022 to 27th of November 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 CIA EN GE price movement. The serial correlation of -0.24 indicates that over 24.0% of current CIA EN price fluctuation can be explain by its past prices.
Correlation Coefficient-0.24
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.01

CIA EN GE lagged returns against current returns

Autocorrelation, which is CIA EN 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 CIA EN's stock expected returns. We can calculate the autocorrelation of CIA EN returns to help us make a trade decision. For example, suppose you find that CIA EN 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   
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       Timeline  

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

CIA EN Lagged Returns

When evaluating CIA EN's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIA EN stock have on its future price. CIA EN 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, CIA EN autocorrelation shows the relationship between CIA EN stock current value and its past values and can show if there is a momentum factor associated with investing in CIA EN GE.
   Regressed Prices   
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       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 CIA EN 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, CIA EN's short interest history, or implied volatility extrapolated from CIA EN options trading.

Pair Trading with CIA EN

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

Moving against CIA EN

-0.58AMA1ALTECH ADV MAT SplitPairCorr
The ability to find closely correlated positions to CIA EN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIA EN 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 CIA EN - 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 CIA EN GE to buy it.
The correlation of CIA EN 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 CIA EN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIA EN GE 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 CIA EN 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 CIA EN Correlation, CIA EN Volatility and CIA EN Alpha and Beta module to complement your research on CIA EN. Note that the CIA EN GE information on this page should be used as a complementary analysis to other CIA EN'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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for CIA EN Stock analysis

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