Companhia Paranaense (Germany) Market Value
| ELPA Stock | EUR 1.65 0.10 6.45% |
| 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.
| 08/21/2024 |
| 02/17/2025 |
If you would invest 0.00 in Companhia Paranaense on August 21, 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 180 days. Companhia Paranaense is related to or competes with DAIDO METAL, DAIRY FARM, Air Transport, SIERRA METALS, Nufarm, ADRIATIC METALS, and Sumitomo Mitsui. 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.
| Downside Deviation | 4.95 | |||
| Information Ratio | 0.0716 | |||
| Maximum Drawdown | 31.72 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 10.92 |
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 | 0.0609 | |||
| Jensen Alpha | 0.367 | |||
| Total Risk Alpha | 0.361 | |||
| Sortino Ratio | 0.0743 | |||
| Treynor Ratio | 0.2018 |
Companhia Paranaense Backtested Returns
Companhia Paranaense appears to be dangerous, given 3 months investment horizon. Companhia Paranaense secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of risk over the last 3 months. By analyzing Companhia Paranaense's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of Companhia Paranaense's Mean Deviation of 3.15, downside deviation of 4.95, and Risk Adjusted Performance of 0.0609 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 9. The firm shows a Beta (market volatility) of 1.83, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Companhia Paranaense will likely underperform. Please check Companhia Paranaense's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Companhia Paranaense's price patterns will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Companhia Paranaense de has virtually no predictability. Overlapping area represents the amount of predictability between Companhia Paranaense time series from 21st of August 2024 to 19th of November 2024 and 19th of November 2024 to 17th of February 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 0.01 indicates that just 1.0% of current Companhia Paranaense price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
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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 |
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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 |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Companhia Stock
When determining whether Companhia Paranaense offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Companhia Paranaense's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Companhia Paranaense De Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Companhia Paranaense De Stock:Check out Companhia Paranaense Correlation, Companhia Paranaense Volatility and Companhia Paranaense Alpha and Beta module to complement your research on Companhia Paranaense. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Companhia Paranaense technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.