Companhia Energetica De Stock Beta

CIG Stock

USD 2.64 0.01 0.38%

Companhia Energetica de fundamentals help investors to digest information that contributes to Companhia Energetica's financial success or failures. It also enables traders to predict the movement of Companhia Stock. The fundamental analysis module provides a way to measure Companhia Energetica's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Companhia Energetica stock.

Short Long Term Debt Total Total Assets

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Companhia Energetica de Company Beta Analysis

Companhia Energetica's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Companhia Energetica Beta

0.78

Most of Companhia Energetica's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Companhia Energetica de is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Companhia Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Companhia Energetica is extremely important. It helps to project a fair market value of Companhia Stock properly, considering its historical fundamentals such as Beta. Since Companhia Energetica's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Companhia Energetica's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Companhia Energetica's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Short Term Investments	Intangible Assets	Good Will	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Capital Surpluse	Treasury Stock	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.79	0.25	0.6	0.67	0.86	0.8	0.86	0.96	0.82	-0.06	0.68	-0.46	0.54	0.65	-0.69	-0.45	0.32	-0.64	0.74	0.79	-0.72	0.26	0.46	0.58	0.39
Total Stockholder Equity	0.79		0.38	0.11	0.91	0.9	0.53	0.93	0.57	0.45	-0.36	0.79	-0.43	0.33	0.73	-0.45	-0.2	0.38	-0.57	0.61	0.82	-0.63	0.51	0.71	0.32	0.78
Current Deferred Revenue	0.25	0.38		0.16	0.15	0.38	-0.1	0.5	0.17	0.0	0.31	0.27	-0.13	0.47	0.06	-0.35	0.42	-0.5	-0.13	-0.13	0.22	0.07	0.15	0.32	0.0	0.3
Net Debt	0.6	0.11	0.16		-0.06	0.44	0.59	0.31	0.77	0.47	0.58	0.17	-0.27	0.63	0.14	-0.78	-0.54	-0.01	-0.39	0.37	0.09	-0.38	-0.18	-0.15	0.3	-0.29
Retained Earnings	0.67	0.91	0.15	-0.06		0.77	0.55	0.79	0.46	0.37	-0.54	0.73	-0.28	0.09	0.81	-0.2	-0.28	0.42	-0.55	0.7	0.86	-0.7	0.41	0.74	0.27	0.8
Accounts Payable	0.86	0.9	0.38	0.44	0.77		0.68	0.92	0.72	0.46	-0.13	0.76	-0.5	0.54	0.73	-0.63	-0.48	0.39	-0.71	0.7	0.69	-0.73	0.37	0.55	0.29	0.59
Long Term Debt	0.8	0.53	-0.1	0.59	0.55	0.68		0.64	0.82	0.64	-0.22	0.45	-0.21	0.56	0.68	-0.47	-0.67	0.43	-0.62	0.9	0.63	-0.88	0.06	0.25	0.63	0.05
Net Receivables	0.86	0.93	0.5	0.31	0.79	0.92	0.64		0.71	0.54	-0.22	0.7	-0.35	0.57	0.69	-0.51	-0.19	0.32	-0.55	0.63	0.8	-0.64	0.44	0.63	0.47	0.6
Total Liab	0.96	0.57	0.17	0.77	0.46	0.72	0.82	0.71		0.86	0.09	0.53	-0.41	0.59	0.52	-0.72	-0.5	0.24	-0.59	0.7	0.66	-0.66	0.1	0.27	0.63	0.13
Total Current Assets	0.82	0.45	0.0	0.47	0.37	0.46	0.64	0.54	0.86		-0.1	0.4	-0.29	0.38	0.39	-0.46	-0.28	0.23	-0.4	0.55	0.63	-0.49	0.19	0.22	0.69	0.12
Short Term Debt	-0.06	-0.36	0.31	0.58	-0.54	-0.13	-0.22	-0.22	0.09	-0.1		-0.29	0.21	0.21	-0.39	-0.4	0.09	-0.39	0.23	-0.4	-0.52	0.35	-0.19	-0.4	-0.35	-0.32
Common Stock	0.68	0.79	0.27	0.17	0.73	0.76	0.45	0.7	0.53	0.4	-0.29		-0.58	0.15	0.78	-0.6	-0.34	0.31	-0.7	0.66	0.72	-0.67	0.4	0.81	0.13	0.74
Property Plant Equipment	-0.46	-0.43	-0.13	-0.27	-0.28	-0.5	-0.21	-0.35	-0.41	-0.29	0.21	-0.58		-0.17	-0.15	0.55	0.4	-0.06	0.58	-0.29	-0.38	0.24	-0.13	-0.26	-0.25	-0.22
Short Term Investments	0.54	0.33	0.47	0.63	0.09	0.54	0.56	0.57	0.59	0.38	0.21	0.15	-0.17		0.19	-0.48	-0.24	-0.12	-0.46	0.3	0.21	-0.4	0.09	-0.07	0.55	-0.17
Intangible Assets	0.65	0.73	0.06	0.14	0.81	0.73	0.68	0.69	0.52	0.39	-0.39	0.78	-0.15	0.19		-0.27	-0.49	0.47	-0.72	0.88	0.78	-0.9	0.33	0.77	0.22	0.64
Good Will	-0.69	-0.45	-0.35	-0.78	-0.2	-0.63	-0.47	-0.51	-0.72	-0.46	-0.4	-0.6	0.55	-0.48	-0.27		0.36	-0.12	0.42	-0.36	-0.27	0.38	-0.07	-0.2	-0.14	-0.14
Net Tangible Assets	-0.45	-0.2	0.42	-0.54	-0.28	-0.48	-0.67	-0.19	-0.5	-0.28	0.09	-0.34	0.4	-0.24	-0.49	0.36		-0.44	0.7	-0.69	-0.22	0.72	0.13	0.0	-0.14	0.04
Long Term Investments	0.32	0.38	-0.5	-0.01	0.42	0.39	0.43	0.32	0.24	0.23	-0.39	0.31	-0.06	-0.12	0.47	-0.12	-0.44		-0.09	0.47	0.27	-0.43	0.16	0.22	0.02	0.3
Short Long Term Debt	-0.64	-0.57	-0.13	-0.39	-0.55	-0.71	-0.62	-0.55	-0.59	-0.4	0.23	-0.7	0.58	-0.46	-0.72	0.42	0.7	-0.09		-0.74	-0.6	0.8	-0.18	-0.45	-0.33	-0.34
Long Term Debt Total	0.74	0.61	-0.13	0.37	0.7	0.7	0.9	0.63	0.7	0.55	-0.4	0.66	-0.29	0.3	0.88	-0.36	-0.69	0.47	-0.74		0.76	-0.96	0.21	0.56	0.48	0.32
Capital Surpluse	0.79	0.82	0.22	0.09	0.86	0.69	0.63	0.8	0.66	0.63	-0.52	0.72	-0.38	0.21	0.78	-0.27	-0.22	0.27	-0.6	0.76		-0.7	0.31	0.76	0.58	0.59
Treasury Stock	-0.72	-0.63	0.07	-0.38	-0.7	-0.73	-0.88	-0.64	-0.66	-0.49	0.35	-0.67	0.24	-0.4	-0.9	0.38	0.72	-0.43	0.8	-0.96	-0.7		-0.16	-0.5	-0.4	-0.34
Cash And Equivalents	0.26	0.51	0.15	-0.18	0.41	0.37	0.06	0.44	0.1	0.19	-0.19	0.4	-0.13	0.09	0.33	-0.07	0.13	0.16	-0.18	0.21	0.31	-0.16		0.58	0.14	0.61
Net Invested Capital	0.46	0.71	0.32	-0.15	0.74	0.55	0.25	0.63	0.27	0.22	-0.4	0.81	-0.26	-0.07	0.77	-0.2	0.0	0.22	-0.45	0.56	0.76	-0.5	0.58		0.11	0.83
Net Working Capital	0.58	0.32	0.0	0.3	0.27	0.29	0.63	0.47	0.63	0.69	-0.35	0.13	-0.25	0.55	0.22	-0.14	-0.14	0.02	-0.33	0.48	0.58	-0.4	0.14	0.11		-0.17
Capital Stock	0.39	0.78	0.3	-0.29	0.8	0.59	0.05	0.6	0.13	0.12	-0.32	0.74	-0.22	-0.17	0.64	-0.14	0.04	0.3	-0.34	0.32	0.59	-0.34	0.61	0.83	-0.17

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Companhia Energetica

In accordance with the recently published financial statements, Companhia Energetica de has a Beta of 0.782. This is 73.78% higher than that of the Electric Utilities sector and significantly higher than that of the Utilities industry. The beta for all United States stocks is notably lower than that of the firm.

Companhia Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Companhia Energetica's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.

Companhia Energetica is currently under evaluation in beta category among related companies.

Companhia Energetica Current Valuation Drivers

We derive many important indicators used in calculating different scores of Companhia Energetica from analyzing Companhia Energetica's financial statements. These drivers represent accounts that assess Companhia Energetica's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Companhia Energetica's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	13.4B	14.5B	19.9B	23.8B	32.1B	33.7B
Enterprise Value	28.0B	28.1B	30.7B	33.3B	40.8B	42.9B

Companhia Energetica Institutional Holders

Institutional Holdings refers to the ownership stake in Companhia Energetica that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Companhia Energetica's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Companhia Energetica's value.

		Shares
Jpmorgan Chase & Co	2023-12-31	4.1 M
Millennium Management Llc	2023-12-31	3.9 M
Morgan Stanley - Brokerage Accounts	2023-12-31	3.5 M
Crossmark Global Holdings, Inc.	2023-12-31	3.3 M
Citigroup Inc	2023-12-31	3.2 M
Two Sigma Investments Llc	2023-12-31	3 M
Citadel Advisors Llc	2023-09-30	2.6 M
Two Sigma Advisers, Llc	2023-12-31	2.2 M
Spx Gestao De Recursos Ltda	2023-12-31	2 M
Blackrock Inc	2023-12-31	17.3 M
Polunin Capital Partners Ltd	2023-12-31	11.8 M

As returns on the market increase, Companhia Energetica's returns are expected to increase less than the market. However, during the bear market, the loss of holding Companhia Energetica is expected to be smaller as well.

Companhia Fundamentals

	Return On Equity	0.25
	Return On Asset	0.0815
	Profit Margin	0.16 %
	Operating Margin	0.23 %
	Current Valuation	15.14 B
	Shares Outstanding	2.86 B
	Shares Owned By Institutions	9.48 %
	Number Of Shares Shorted	1.14 M
	Price To Earning	5.91 X
	Price To Book	1.13 X
	Price To Sales	0.16 X
	Revenue	36.85 B
	Gross Profit	5.26 B
	EBITDA	7.93 B
	Net Income	5.76 B
	Cash And Equivalents	1.35 B
	Cash Per Share	1.65 X
	Total Debt	10.26 B
	Debt To Equity	0.56 %
	Current Ratio	1.25 X
	Book Value Per Share	8.62 X
	Cash Flow From Operations	6.64 B
	Short Ratio	0.48 X
	Earnings Per Share	0.50 X
	Target Price	2.8
	Number Of Employees	4.92 K
	Beta	0.78
	Market Capitalization	7.55 B
	Total Asset	55 B
	Retained Earnings	11.31 B
	Working Capital	(1.22 B)
	Current Asset	8.62 B
	Current Liabilities	11.79 B
	Annual Yield	0.09 %
	Five Year Return	6.24 %
	Net Asset	55 B
	Last Dividend Paid	1.09

About Companhia Energetica Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Companhia Energetica de's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Companhia Energetica using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Companhia Energetica de based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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	Pair Corr
0.74	ALE	Allete Inc	Pair Corr
0.77	AVA	Avista	Pair Corr

Moving against Companhia Stock

0.68	HE	Hawaiian Electric Financial Report 14th of May 2024	Pair Corr
0.67	MNTK	Montauk Renewables Financial Report 8th of May 2024	Pair Corr
0.64	ELPC	Companhia Paranaense	Pair Corr
0.59	ELP	Companhia Paranaense Financial Report 8th of May 2024	Pair Corr
0.55	DUKB	Duke Energy Corp	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Companhia Energetica is a strong investment it is important to analyze Companhia Energetica's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Companhia Energetica's future performance. For an informed investment choice regarding Companhia Stock, refer to the following important reports:

How To Invest In Companhia

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Is Companhia Stock a good investment?

Details

What is Companhia Energetica's Net Worth?

Details

Largest Electric Utilities Companies

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Largest Utilities - Diversified Companies

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Check out Companhia Energetica Piotroski F Score and Companhia Energetica Altman Z Score analysis.

You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Companhia Energetica De Stock Beta

Companhia Energetica de Company Beta Analysis

Beta

Covariance

Variance

Current Companhia Energetica Beta

Companhia Beta Driver Correlations

Companhia Beta Peer Comparison

Companhia Energetica Current Valuation Drivers

Companhia Energetica Institutional Holders

Companhia Fundamentals

About Companhia Energetica Fundamental Analysis

Pair Trading with Companhia Energetica

Moving together with Companhia Stock

Moving against Companhia Stock

Complementary Tools for Companhia Stock analysis

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