Centrais Electricas Brasileiras Stock Market Value
| EBR Stock | USD 6.09 0.16 2.70% |
| Symbol | Centrais |
Centrais Electricas Price To Book Ratio
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centrais Electricas. If investors know Centrais will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centrais Electricas listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.938 | Dividend Share 1.823 | Earnings Share 0.73 | Revenue Per Share 16.92 | Quarterly Revenue Growth 0.258 |
The market value of Centrais Electricas is measured differently than its book value, which is the value of Centrais that is recorded on the company's balance sheet. Investors also form their own opinion of Centrais Electricas' value that differs from its market value or its book value, called intrinsic value, which is Centrais Electricas' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centrais Electricas' market value can be influenced by many factors that don't directly affect Centrais Electricas' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centrais Electricas' value and its price as these two are different measures arrived at by different means. Investors typically determine if Centrais Electricas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centrais Electricas' 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.
Centrais Electricas '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 Centrais Electricas' 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 Centrais Electricas.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Centrais Electricas on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Centrais Electricas Brasileiras or generate 0.0% return on investment in Centrais Electricas over 30 days. Centrais Electricas is related to or competes with Southern, American Electric, Consolidated Edison, Duke Energy, and Edison International. Centrais Eltricas Brasileiras S.A. - Eletrobras, through its subsidiaries, engages in the generation, transmission, and ... More
Centrais Electricas 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 Centrais Electricas' 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 Centrais Electricas Brasileiras upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 8.65 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 2.7 |
Centrais Electricas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centrais Electricas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centrais Electricas' standard deviation. In reality, there are many statistical measures that can use Centrais Electricas historical prices to predict the future Centrais Electricas' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (9.80) |
Centrais Electricas Backtested Returns
Centrais Electricas secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Centrais Electricas Brasileiras exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centrais Electricas' Standard Deviation of 1.92, risk adjusted performance of (0.11), and Mean Deviation of 1.45 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0317, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Centrais Electricas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Centrais Electricas is expected to be smaller as well. At this point, Centrais Electricas has a negative expected return of -0.28%. Please make sure to confirm Centrais Electricas' maximum drawdown, as well as the relationship between the accumulation distribution and day typical price , to decide if Centrais Electricas performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Centrais Electricas Brasileiras has poor predictability. Overlapping area represents the amount of predictability between Centrais Electricas time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Centrais Electricas price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Centrais Electricas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Centrais Electricas lagged returns against current returns
Autocorrelation, which is Centrais Electricas 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 Centrais Electricas' stock expected returns. We can calculate the autocorrelation of Centrais Electricas returns to help us make a trade decision. For example, suppose you find that Centrais Electricas 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 |
Centrais Electricas 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 Centrais Electricas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centrais Electricas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centrais Electricas stock over time.
Current vs Lagged Prices |
| Timeline |
Centrais Electricas Lagged Returns
When evaluating Centrais Electricas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centrais Electricas stock have on its future price. Centrais Electricas 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, Centrais Electricas autocorrelation shows the relationship between Centrais Electricas stock current value and its past values and can show if there is a momentum factor associated with investing in Centrais Electricas Brasileiras.
Regressed Prices |
| Timeline |
Pair Trading with Centrais Electricas
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centrais Electricas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centrais Electricas will appreciate offsetting losses from the drop in the long position's value.Moving together with Centrais Stock
Moving against Centrais Stock
| 0.94 | GEV | GE Vernova LLC | PairCorr |
| 0.9 | AY | Atlantica Sustainable | PairCorr |
| 0.83 | WAVE | Eco Wave Power | PairCorr |
| 0.82 | ELLO | Ellomay Capital | PairCorr |
| 0.8 | NRGV | Energy Vault Holdings | PairCorr |
The ability to find closely correlated positions to Centrais Electricas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centrais Electricas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centrais Electricas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centrais Electricas Brasileiras to buy it.
The correlation of Centrais Electricas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centrais Electricas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centrais Electricas moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centrais Electricas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Centrais Stock Analysis
When running Centrais Electricas' price analysis, check to measure Centrais Electricas' 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 Centrais Electricas is operating at the current time. Most of Centrais Electricas' value examination focuses on studying past and present price action to predict the probability of Centrais Electricas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Centrais Electricas' price. Additionally, you may evaluate how the addition of Centrais Electricas to your portfolios can decrease your overall portfolio volatility.