Companhia Paranaense De Stock Market Value

ELP Stock  USD 7.88  0.10  1.29%   
Companhia Paranaense's market value is the price at which a share of Companhia Paranaense trades on a public exchange. It measures the collective expectations of Companhia Paranaense De investors about its performance. Companhia Paranaense is selling at 7.88 as of the 28th of March 2024; that is 1.29 percent up since the beginning of the trading day. The stock's last reported lowest price was 7.76.
With this module, you can estimate the performance of a buy and hold strategy of Companhia Paranaense De and determine expected loss or profit from investing in Companhia Paranaense over a given investment horizon. Check out Companhia Paranaense Correlation, Companhia Paranaense Volatility and Companhia Paranaense Alpha and Beta module to complement your research on Companhia Paranaense.
Symbol

Companhia Paranaense Price To Book Ratio

Is Companhia Paranaense'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 Paranaense. 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 Paranaense 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
0.297
Dividend Share
0.38
Earnings Share
0.58
Revenue Per Share
7.587
Quarterly Revenue Growth
0.058
The market value of Companhia Paranaense 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 Paranaense's value that differs from its market value or its book value, called intrinsic value, which is Companhia Paranaense'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 Paranaense's market value can be influenced by many factors that don't directly affect Companhia Paranaense'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 Paranaense's value and its price as these two are different measures arrived at by different means. Investors typically determine if Companhia Paranaense is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Companhia Paranaense'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.

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.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Companhia Paranaense on February 27, 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 30 days. Companhia Paranaense is related to or competes with Montauk Renewables, Companhia Paranaense, AES, Avista, Brookfield Infrastructure, NorthWestern. 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 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Companhia Paranaense's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
6.387.909.42
Details
Intrinsic
Valuation
LowRealHigh
7.099.6211.14
Details
Naive
Forecast
LowNextHigh
6.437.959.47
Details
2 Analysts
Consensus
LowTargetHigh
10.2411.2512.49
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Companhia Paranaense. Your research has to be compared to or analyzed against Companhia Paranaense's peers to derive any actionable benefits. When done correctly, Companhia Paranaense's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Companhia Paranaense.

Companhia Paranaense Backtested Returns

Companhia Paranaense secures Sharpe Ratio (or Efficiency) of -0.0713, which signifies that the company had a -0.0713% return per unit of risk over the last 3 months. Companhia Paranaense De exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Companhia Paranaense's Mean Deviation of 1.2, risk adjusted performance of (0.02), and Standard Deviation of 1.52 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.85, which signifies possible diversification benefits within a given portfolio. Companhia Paranaense returns are very sensitive to returns on the market. As the market goes up or down, Companhia Paranaense is expected to follow. Companhia Paranaense has an expected return of -0.11%. Please make sure to confirm Companhia Paranaense potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Companhia Paranaense performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.51  

Modest predictability

Companhia Paranaense De has modest predictability. Overlapping area represents the amount of predictability between Companhia Paranaense time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Companhia Paranaense price movement. The serial correlation of 0.51 indicates that about 51.0% of current Companhia Paranaense price fluctuation can be explain by its past prices.
Correlation Coefficient0.51
Spearman Rank Test-0.01
Residual Average0.0
Price Variance0.01

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   
       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 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   
       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 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   
       Timeline  

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 Paranaense 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 Paranaense's short interest history, or implied volatility extrapolated from Companhia Paranaense options trading.

Pair Trading with Companhia Paranaense

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 Paranaense 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 Paranaense will appreciate offsetting losses from the drop in the long position's value.

Moving together with Companhia Stock

  0.7MNTK Montauk Renewables Financial Report 8th of May 2024 PairCorr
  0.63AES AES Financial Report 2nd of May 2024 PairCorr

Moving against Companhia Stock

  0.72BIP-PB Brookfield InfrastructurePairCorr
  0.65BIP-PA Brookfield InfrastructurePairCorr
The ability to find closely correlated positions to Companhia Paranaense 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 Paranaense 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 Paranaense - 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 Paranaense De to buy it.
The correlation of Companhia Paranaense 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 Paranaense moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Companhia Paranaense 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 Paranaense 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.
Pair CorrelationCorrelation Matching
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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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.
A focus of Companhia Paranaense technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Companhia Paranaense trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...