CTEEP Companhia (Brazil) Market Value
| TRPL3 Stock | BRL 34.09 0.62 1.85% |
| Symbol | CTEEP |
CTEEP Companhia '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 CTEEP Companhia'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 CTEEP Companhia.
| 10/03/2023 |
| 06/29/2024 |
If you would invest 0.00 in CTEEP Companhia on October 3, 2023 and sell it all today you would earn a total of 0.00 from holding CTEEP Companhia or generate 0.0% return on investment in CTEEP Companhia over 270 days. CTEEP Companhia is related to or competes with Centrais Eltricas, Energisa, Transmissora Aliana, and Alupar Investimento. CTEEP Companhia de Transmisso de Energia Eltrica Paulista S.A., an electric utility concession operator, engages in the ... More
CTEEP Companhia 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 CTEEP Companhia'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 CTEEP Companhia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.0332 | |||
| Maximum Drawdown | 7.47 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.19 |
CTEEP Companhia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CTEEP Companhia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CTEEP Companhia's standard deviation. In reality, there are many statistical measures that can use CTEEP Companhia historical prices to predict the future CTEEP Companhia's volatility.| Risk Adjusted Performance | 0.0253 | |||
| Jensen Alpha | 0.0401 | |||
| Total Risk Alpha | 0.0674 | |||
| Sortino Ratio | 0.033 | |||
| Treynor Ratio | 0.0975 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CTEEP Companhia'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.
CTEEP Companhia Backtested Returns
Currently, CTEEP Companhia is very steady. CTEEP Companhia secures Sharpe Ratio (or Efficiency) of 0.0321, which signifies that the company had a 0.0321% return per unit of risk over the last 3 months. We have found thirty technical indicators for CTEEP Companhia, which you can use to evaluate the volatility of the firm. Please confirm CTEEP Companhia's Mean Deviation of 1.13, downside deviation of 1.49, and Risk Adjusted Performance of 0.0253 to double-check if the risk estimate we provide is consistent with the expected return of 0.0482%. CTEEP Companhia has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CTEEP Companhia's returns are expected to increase less than the market. However, during the bear market, the loss of holding CTEEP Companhia is expected to be smaller as well. CTEEP Companhia now shows a risk of 1.5%. Please confirm CTEEP Companhia standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if CTEEP Companhia will be following its price patterns.
Auto-correlation | 0.69 |
Good predictability
CTEEP Companhia has good predictability. Overlapping area represents the amount of predictability between CTEEP Companhia time series from 3rd of October 2023 to 15th of February 2024 and 15th of February 2024 to 29th of June 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 CTEEP Companhia price movement. The serial correlation of 0.69 indicates that around 69.0% of current CTEEP Companhia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.06 |
CTEEP Companhia lagged returns against current returns
Autocorrelation, which is CTEEP Companhia 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 CTEEP Companhia's stock expected returns. We can calculate the autocorrelation of CTEEP Companhia returns to help us make a trade decision. For example, suppose you find that CTEEP Companhia 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 |
CTEEP Companhia 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 CTEEP Companhia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CTEEP Companhia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CTEEP Companhia stock over time.
Current vs Lagged Prices |
| Timeline |
CTEEP Companhia Lagged Returns
When evaluating CTEEP Companhia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CTEEP Companhia stock have on its future price. CTEEP Companhia 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, CTEEP Companhia autocorrelation shows the relationship between CTEEP Companhia stock current value and its past values and can show if there is a momentum factor associated with investing in CTEEP Companhia.
Regressed Prices |
| Timeline |
Also Currently Popular
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 CTEEP Stock Analysis
When running CTEEP Companhia's price analysis, check to measure CTEEP Companhia'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 CTEEP Companhia is operating at the current time. Most of CTEEP Companhia's value examination focuses on studying past and present price action to predict the probability of CTEEP Companhia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTEEP Companhia's price. Additionally, you may evaluate how the addition of CTEEP Companhia to your portfolios can decrease your overall portfolio volatility.