Elektro Redes (Brazil) Market Value
| EKTR4 Preferred Stock | BRL 51.00 3.14 6.56% |
| Symbol | Elektro |
Elektro Redes '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 Elektro Redes' 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 Elektro Redes.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Elektro Redes on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Elektro Redes SA or generate 0.0% return on investment in Elektro Redes over 60 days. Elektro Redes is related to or competes with Usinas Siderrgicas, Companhia Siderrgica, Gerdau SA, and Centrais Eltricas. Elektro Redes S.A. engages in the distribution of electricity in Brazil More
Elektro Redes 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 Elektro Redes' 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 Elektro Redes SA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.75 | |||
| Information Ratio | 0.0698 | |||
| Maximum Drawdown | 23.85 | |||
| Value At Risk | (6.17) | |||
| Potential Upside | 6.19 |
Elektro Redes Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elektro Redes' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elektro Redes' standard deviation. In reality, there are many statistical measures that can use Elektro Redes historical prices to predict the future Elektro Redes' volatility.| Risk Adjusted Performance | 0.0733 | |||
| Jensen Alpha | 0.305 | |||
| Total Risk Alpha | 0.1325 | |||
| Sortino Ratio | 0.0545 | |||
| Treynor Ratio | (0.90) |
Elektro Redes SA Backtested Returns
Elektro Redes appears to be not too volatile, given 3 months investment horizon. Elektro Redes SA secures Sharpe Ratio (or Efficiency) of 0.0532, which denotes the company had a 0.0532% return per unit of risk over the last 3 months. We have found thirty technical indicators for Elektro Redes SA, which you can use to evaluate the volatility of the firm. Please utilize Elektro Redes' Mean Deviation of 2.37, coefficient of variation of 1221.64, and Downside Deviation of 4.75 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elektro Redes holds a performance score of 4. The firm shows a Beta (market volatility) of -0.33, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Elektro Redes are expected to decrease at a much lower rate. During the bear market, Elektro Redes is likely to outperform the market. Please check Elektro Redes' total risk alpha, value at risk, and the relationship between the standard deviation and treynor ratio , to make a quick decision on whether Elektro Redes' price patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
Elektro Redes SA has very weak reverse predictability. Overlapping area represents the amount of predictability between Elektro Redes time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 Elektro Redes SA price movement. The serial correlation of -0.02 indicates that only 2.0% of current Elektro Redes price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.42 |
Elektro Redes SA lagged returns against current returns
Autocorrelation, which is Elektro Redes 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 Elektro Redes' preferred stock expected returns. We can calculate the autocorrelation of Elektro Redes returns to help us make a trade decision. For example, suppose you find that Elektro Redes 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 |
Elektro Redes 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 Elektro Redes preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elektro Redes preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elektro Redes preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Elektro Redes Lagged Returns
When evaluating Elektro Redes' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elektro Redes preferred stock have on its future price. Elektro Redes 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, Elektro Redes autocorrelation shows the relationship between Elektro Redes preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Elektro Redes SA.
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 Elektro Preferred Stock Analysis
When running Elektro Redes' price analysis, check to measure Elektro Redes' 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 Elektro Redes is operating at the current time. Most of Elektro Redes' value examination focuses on studying past and present price action to predict the probability of Elektro Redes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elektro Redes' price. Additionally, you may evaluate how the addition of Elektro Redes to your portfolios can decrease your overall portfolio volatility.