Companhia (Brazil) Market Value
| CGAS3 Stock | BRL 130.99 6.99 5.64% |
| Symbol | Companhia |
Companhia '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'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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Companhia on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Companhia de Gs or generate 0.0% return on investment in Companhia over 90 days. Companhia is related to or competes with Companhia, Braskem SA, Companhia Paranaense, and Companhia Energtica. Companhia de Gs de So Paulo COMGS distributes piped natural gas in the state of So Paulo, Brazil More
Companhia 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'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 de Gs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.17 | |||
| Information Ratio | 0.0748 | |||
| Maximum Drawdown | 50.46 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 5.64 |
Companhia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia's standard deviation. In reality, there are many statistical measures that can use Companhia historical prices to predict the future Companhia's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 0.3594 | |||
| Total Risk Alpha | 0.9094 | |||
| Sortino Ratio | 0.0531 | |||
| Treynor Ratio | 0.3377 |
Companhia de Gs Backtested Returns
Companhia appears to be very steady, given 3 months investment horizon. Companhia de Gs secures Sharpe Ratio (or Efficiency) of 0.0524, which signifies that the company had a 0.0524 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Companhia de Gs, which you can use to evaluate the volatility of the firm. Please makes use of Companhia's Downside Deviation of 7.17, mean deviation of 1.83, and Risk Adjusted Performance of 0.0565 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Companhia holds a performance score of 4. The firm shows a Beta (market volatility) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Companhia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhia is expected to be smaller as well. Please check Companhia's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether Companhia's price patterns will revert.
Auto-correlation | -0.31 |
Poor reverse predictability
Companhia de Gs has poor reverse predictability. Overlapping area represents the amount of predictability between Companhia time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 de Gs price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Companhia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 21.63 |
Companhia de Gs lagged returns against current returns
Autocorrelation, which is Companhia 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's stock expected returns. We can calculate the autocorrelation of Companhia returns to help us make a trade decision. For example, suppose you find that Companhia 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Lagged Returns
When evaluating Companhia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia stock have on its future price. Companhia 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 autocorrelation shows the relationship between Companhia stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia de Gs.
Regressed Prices |
| Timeline |
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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.Additional Tools for Companhia Stock Analysis
When running Companhia's price analysis, check to measure Companhia'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 is operating at the current time. Most of Companhia's value examination focuses on studying past and present price action to predict the probability of Companhia'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's price. Additionally, you may evaluate how the addition of Companhia to your portfolios can decrease your overall portfolio volatility.