CIA ENGER (Germany) Market Value
| CIDS Stock | EUR 2.14 0.00 0.00% |
| Symbol | CIA |
CIA ENGER '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 ENGER'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 ENGER.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in CIA ENGER on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding CIA ENGER ADR or generate 0.0% return on investment in CIA ENGER over 30 days. CIA ENGER is related to or competes with SSE PLC, EVN AG, and TELECOM PLUS. Companhia Energtica de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, an... More
CIA ENGER 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 ENGER'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 ENGER ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0047 | |||
| Maximum Drawdown | 12.75 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 4.76 |
CIA ENGER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIA ENGER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIA ENGER's standard deviation. In reality, there are many statistical measures that can use CIA ENGER historical prices to predict the future CIA ENGER's volatility.| Risk Adjusted Performance | 0.0223 | |||
| Jensen Alpha | 0.029 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0042 | |||
| Treynor Ratio | 0.2584 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CIA ENGER'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.
CIA ENGER ADR Backtested Returns
At this point, CIA ENGER is relatively risky. CIA ENGER ADR retains Efficiency (Sharpe Ratio) of 0.0293, which signifies that the company had a 0.0293% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for CIA ENGER, which you can use to evaluate the volatility of the firm. Please confirm CIA ENGER's coefficient of variation of 4907.77, and Market Risk Adjusted Performance of 0.2684 to double-check if the risk estimate we provide is consistent with the expected return of 0.0513%. CIA ENGER has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CIA ENGER's returns are expected to increase less than the market. However, during the bear market, the loss of holding CIA ENGER is expected to be smaller as well. CIA ENGER ADR at this moment owns a risk of 1.75%. Please confirm CIA ENGER ADR semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if CIA ENGER ADR will be following its current price history.
Auto-correlation | 0.00 |
No correlation between past and present
CIA ENGER ADR has no correlation between past and present. Overlapping area represents the amount of predictability between CIA ENGER time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 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 CIA ENGER ADR price movement. The serial correlation of 0.0 indicates that just 0.0% of current CIA ENGER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CIA ENGER ADR lagged returns against current returns
Autocorrelation, which is CIA ENGER 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 ENGER's stock expected returns. We can calculate the autocorrelation of CIA ENGER returns to help us make a trade decision. For example, suppose you find that CIA ENGER 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 |
CIA ENGER 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 ENGER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIA ENGER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIA ENGER stock over time.
Current vs Lagged Prices |
| Timeline |
CIA ENGER Lagged Returns
When evaluating CIA ENGER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIA ENGER stock have on its future price. CIA ENGER 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 ENGER autocorrelation shows the relationship between CIA ENGER stock current value and its past values and can show if there is a momentum factor associated with investing in CIA ENGER ADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CIA Stock
CIA ENGER financial ratios help investors to determine whether CIA Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CIA with respect to the benefits of owning CIA ENGER security.