Companhia (Brazil) Market Value

CGAS3 Stock  BRL 120.09  1.00  0.83%   
Companhia's market value is the price at which a share of Companhia trades on a public exchange. It measures the collective expectations of Companhia de Gs investors about its performance. Companhia is selling for under 120.09 as of the 3rd of March 2025; that is 0.83 percent down since the beginning of the trading day. The stock's lowest day price was 120.09.
With this module, you can estimate the performance of a buy and hold strategy of Companhia de Gs and determine expected loss or profit from investing in Companhia over a given investment horizon. Check out Companhia Correlation, Companhia Volatility and Companhia Alpha and Beta module to complement your research on Companhia.
Symbol

Please note, there is a significant difference between Companhia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Companhia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia'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 '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.
0.00
01/02/2025
No Change 0.00  0.0 
In 2 months and 1 day
03/03/2025
0.00
If you would invest  0.00  in Companhia on January 2, 2025 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 60 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.

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.
Hype
Prediction
LowEstimatedHigh
114.88120.09125.30
Details
Intrinsic
Valuation
LowRealHigh
92.0697.27132.10
Details
Naive
Forecast
LowNextHigh
125.37130.58135.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
107.11127.78148.45
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Companhia. Your research has to be compared to or analyzed against Companhia's peers to derive any actionable benefits. When done correctly, Companhia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Companhia de Gs.

Companhia de Gs Backtested Returns

Currently, Companhia de Gs is very steady. Companhia de Gs secures Sharpe Ratio (or Efficiency) of 0.0245, which signifies that the company had a 0.0245 % 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 confirm Companhia's Downside Deviation of 6.89, risk adjusted performance of 0.0259, and Mean Deviation of 1.62 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Companhia has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.55, 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 will likely underperform. Companhia de Gs right now shows a risk of 5.25%. Please confirm Companhia de Gs jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if Companhia de Gs will be following its price patterns.

Auto-correlation

    
  -0.42  

Modest reverse predictability

Companhia de Gs has modest reverse predictability. Overlapping area represents the amount of predictability between Companhia time series from 2nd of January 2025 to 1st of February 2025 and 1st of February 2025 to 3rd 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 -0.42 indicates that just about 42.0% of current Companhia price fluctuation can be explain by its past prices.
Correlation Coefficient-0.42
Spearman Rank Test-0.53
Residual Average0.0
Price Variance27.76

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.