Companhia Paranaense (Brazil) Market Value
| CPLE6 Preferred Stock | BRL 10.33 0.24 2.38% |
| 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 preferred 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.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Companhia Paranaense on December 16, 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 90 days. Companhia Paranaense is related to or competes with CTEEP Companhia, Companhia Energtica, Centrais Eltricas, and CPFL Energia. Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and trading of energy 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 preferred 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.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.2212 | |||
| Maximum Drawdown | 6.21 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 2.72 |
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 | 0.1375 | |||
| Jensen Alpha | 0.2019 | |||
| Total Risk Alpha | 0.3966 | |||
| Sortino Ratio | 0.2221 | |||
| Treynor Ratio | (1.96) |
Companhia Paranaense Backtested Returns
Companhia Paranaense appears to be not too volatile, given 3 months investment horizon. Companhia Paranaense secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Companhia Paranaense de, which you can use to evaluate the volatility of the firm. Please makes use of Companhia Paranaense's Downside Deviation of 1.45, mean deviation of 1.12, and Risk Adjusted Performance of 0.1375 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Companhia Paranaense holds a performance score of 12. The firm shows a Beta (market volatility) of -0.11, 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. Please check Companhia Paranaense's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Companhia Paranaense's price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Companhia Paranaense de has insignificant reverse predictability. Overlapping area represents the amount of predictability between Companhia Paranaense 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 Paranaense price movement. The serial correlation of -0.17 indicates that over 17.0% of current Companhia Paranaense price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Companhia Paranaense lagged returns against current returns
Autocorrelation, which is Companhia Paranaense preferred 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 preferred 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 preferred 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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Companhia Paranaense preferred 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 preferred 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 preferred 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 preferred 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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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 Preferred Stock Analysis
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.