Companhia Energetica Stock Forecast - Accumulation Distribution
| CIG Stock | USD 2.64 0.01 0.38% |
Companhia Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Companhia Energetica stock prices and determine the direction of Companhia Energetica de's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Companhia Energetica's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Companhia Energetica's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Companhia Energetica's systematic risk associated with finding meaningful patterns of Companhia Energetica fundamentals over time.
Check out Historical Fundamental Analysis of Companhia Energetica to cross-verify your projections. Companhia |
Open Interest Against 2024-05-17 Companhia Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Companhia Energetica's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Companhia Energetica's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Companhia Energetica stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Companhia Energetica's open interest, investors have to compare it to Companhia Energetica's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Companhia Energetica is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Companhia. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Companhia Energetica cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Companhia Energetica's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Companhia Energetica's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Companhia Energetica is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Companhia Energetica de to determine if accumulation or reduction is taking place in the market. This value is adjusted by Companhia Energetica trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 49966.93 | 0.0187 |
| Check Companhia Energetica Volatility | Backtest Companhia Energetica | Information Ratio |
Companhia Energetica Trading Date Momentum
| On May 07 2024 Companhia Energetica de was traded for 2.64 at the closing time. Highest Companhia Energetica's price during the trading hours was 2.68 and the lowest price during the day was 2.63 . There was no trading activity during the period 0.0. Lack of trading volume on the 7th of May did not affect price variability. The overall trading delta to current price is 0.00% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Companhia Energetica to competition |
Other Forecasting Options for Companhia Energetica
For every potential investor in Companhia, whether a beginner or expert, Companhia Energetica's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Companhia Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Companhia. Basic forecasting techniques help filter out the noise by identifying Companhia Energetica's price trends.Companhia Energetica Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Companhia Energetica stock to make a market-neutral strategy. Peer analysis of Companhia Energetica could also be used in its relative valuation, which is a method of valuing Companhia Energetica by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Companhia Energetica Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Companhia Energetica's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Companhia Energetica's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Companhia Energetica Market Strength Events
Market strength indicators help investors to evaluate how Companhia Energetica stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Companhia Energetica shares will generate the highest return on investment. By undertsting and applying Companhia Energetica stock market strength indicators, traders can identify Companhia Energetica de entry and exit signals to maximize returns.
Companhia Energetica Risk Indicators
The analysis of Companhia Energetica's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Companhia Energetica's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting companhia stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.46 | |||
| Semi Deviation | 1.71 | |||
| Standard Deviation | 1.98 | |||
| Variance | 3.94 | |||
| Downside Variance | 4.13 | |||
| Semi Variance | 2.94 | |||
| Expected Short fall | (1.60) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Companhia Energetica in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Companhia Energetica's short interest history, or implied volatility extrapolated from Companhia Energetica options trading.
Pair Trading with Companhia Energetica
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 Companhia Energetica 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 Companhia Energetica will appreciate offsetting losses from the drop in the long position's value.Moving together with Companhia Stock
| 0.73 | AES | AES | PairCorr |
| 0.74 | ALE | Allete Inc | PairCorr |
| 0.77 | AVA | Avista | PairCorr |
Moving against Companhia Stock
| 0.68 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
| 0.67 | MNTK | Montauk Renewables Financial Report 8th of May 2024 | PairCorr |
| 0.64 | ELPC | Companhia Paranaense | PairCorr |
| 0.59 | ELP | Companhia Paranaense Financial Report 8th of May 2024 | PairCorr |
| 0.55 | DUKB | Duke Energy Corp | PairCorr |
The ability to find closely correlated positions to Companhia Energetica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Companhia Energetica 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 Companhia Energetica - 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 Companhia Energetica de to buy it.
The correlation of Companhia Energetica 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 Companhia Energetica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Companhia Energetica 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 Companhia Energetica 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.Check out Historical Fundamental Analysis of Companhia Energetica to cross-verify your projections. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Companhia Stock analysis
When running Companhia Energetica's price analysis, check to measure Companhia Energetica'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 Energetica is operating at the current time. Most of Companhia Energetica's value examination focuses on studying past and present price action to predict the probability of Companhia Energetica'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 Energetica's price. Additionally, you may evaluate how the addition of Companhia Energetica to your portfolios can decrease your overall portfolio volatility.
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Is Companhia Energetica's industry 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 Companhia Energetica. If investors know Companhia 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 Companhia Energetica 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 0.341 | Dividend Share 1.092 | Earnings Share 0.5 | Revenue Per Share 12.881 | Quarterly Revenue Growth 0.021 |
The market value of Companhia Energetica is measured differently than its book value, which is the value of Companhia that is recorded on the company's balance sheet. Investors also form their own opinion of Companhia Energetica's value that differs from its market value or its book value, called intrinsic value, which is Companhia Energetica's 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 Companhia Energetica's market value can be influenced by many factors that don't directly affect Companhia Energetica's 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 Companhia Energetica's value and its price as these two are different measures arrived at by different means. Investors typically determine if Companhia Energetica is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia Energetica's 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.