Companhia Paranaense (Brazil) Market Value
| CPLE3 Stock | BRL 8.73 0.12 1.39% |
| Symbol | Companhia |
Companhia Paranaense '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 Paranaense'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 Paranaense.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Companhia Paranaense on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Companhia Paranaense de or generate 0.0% return on investment in Companhia Paranaense over 240 days. Companhia Paranaense is related to or competes with Companhia Paranaense, Companhia, CTEEP Companhia, Companhia Energtica, and CPFL Energia. Companhia Paranaense de Energia - COPEL engages in the generation, transmission, distribution, and sale of electricity t... More
Companhia Paranaense 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 Paranaense'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 Paranaense de upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.04 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 2.27 |
Companhia Paranaense Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Companhia Paranaense's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Companhia Paranaense's standard deviation. In reality, there are many statistical measures that can use Companhia Paranaense historical prices to predict the future Companhia Paranaense's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.6233 |
Companhia Paranaense Backtested Returns
Companhia Paranaense secures Sharpe Ratio (or Efficiency) of -0.0758, which signifies that the company had a -0.0758% return per unit of risk over the last 3 months. Companhia Paranaense de exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhia Paranaense's Mean Deviation of 1.08, standard deviation of 1.42, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Companhia Paranaense are expected to decrease at a much lower rate. During the bear market, Companhia Paranaense is likely to outperform the market. At this point, Companhia Paranaense has a negative expected return of -0.11%. Please make sure to confirm Companhia Paranaense's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Companhia Paranaense performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Companhia Paranaense de has good reverse predictability. Overlapping area represents the amount of predictability between Companhia Paranaense time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd 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 Companhia Paranaense price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Companhia Paranaense price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Companhia Paranaense lagged returns against current returns
Autocorrelation, which is Companhia Paranaense 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 Paranaense's stock expected returns. We can calculate the autocorrelation of Companhia Paranaense returns to help us make a trade decision. For example, suppose you find that Companhia Paranaense 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 Paranaense 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 Paranaense stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Paranaense stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Companhia Paranaense stock over time.
Current vs Lagged Prices |
| Timeline |
Companhia Paranaense Lagged Returns
When evaluating Companhia Paranaense's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Companhia Paranaense stock have on its future price. Companhia Paranaense 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 Paranaense autocorrelation shows the relationship between Companhia Paranaense stock current value and its past values and can show if there is a momentum factor associated with investing in Companhia Paranaense de.
Regressed Prices |
| Timeline |
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When running Companhia Paranaense's price analysis, check to measure Companhia Paranaense'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 Paranaense is operating at the current time. Most of Companhia Paranaense's value examination focuses on studying past and present price action to predict the probability of Companhia Paranaense'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 Paranaense's price. Additionally, you may evaluate how the addition of Companhia Paranaense to your portfolios can decrease your overall portfolio volatility.