Energisa Stock Forecast - Relative Strength Index
| ENGI3 Stock | BRL 14.49 0.02 0.14% |
Energisa Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Energisa stock prices and determine the direction of Energisa SA's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Energisa's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Energisa to cross-verify your projections. Energisa |
Most investors in Energisa 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 Energisa's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Energisa's price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 40.39 | 40.39 |
| Check Energisa Volatility | Backtest Energisa | Information Ratio |
Energisa Trading Date Momentum
| On April 28 2024 Energisa SA was traded for 14.49 at the closing time. The highest price during the trading period was 14.79 and the lowest recorded bid was listed for 13.78 . There was no trading activity during the period 0.0. Lack of trading volume on April 28, 2024 did not affect price variability. The overall trading delta to the current price is 0.14% . |
| Compare Energisa to competition |
Other Forecasting Options for Energisa
For every potential investor in Energisa, whether a beginner or expert, Energisa's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Energisa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Energisa. Basic forecasting techniques help filter out the noise by identifying Energisa's price trends.Energisa 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 Energisa stock to make a market-neutral strategy. Peer analysis of Energisa could also be used in its relative valuation, which is a method of valuing Energisa by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Energisa SA 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 Energisa'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 Energisa's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Energisa Market Strength Events
Market strength indicators help investors to evaluate how Energisa stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Energisa shares will generate the highest return on investment. By undertsting and applying Energisa stock market strength indicators, traders can identify Energisa SA entry and exit signals to maximize returns.
Energisa Risk Indicators
The analysis of Energisa'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 Energisa's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting energisa 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 | |||
| Standard Deviation | 2.14 | |||
| Variance | 4.57 |
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 Energisa 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, Energisa's short interest history, or implied volatility extrapolated from Energisa options trading.
Pair Trading with Energisa
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 Energisa 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 Energisa will appreciate offsetting losses from the drop in the long position's value.Moving together with Energisa Stock
| 0.7 | AESB3 | AES Brasil Energia | PairCorr |
| 0.74 | RNEW3 | Renova Energia SA | PairCorr |
Moving against Energisa Stock
| 0.74 | TEKA4 | Teka Tecelagem Kuehnrich | PairCorr |
The ability to find closely correlated positions to Energisa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energisa 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 Energisa - 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 Energisa SA to buy it.
The correlation of Energisa 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 Energisa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energisa SA 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 Energisa 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 Energisa to cross-verify your projections. Note that the Energisa SA information on this page should be used as a complementary analysis to other Energisa's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Energisa Stock analysis
When running Energisa's price analysis, check to measure Energisa'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 Energisa is operating at the current time. Most of Energisa's value examination focuses on studying past and present price action to predict the probability of Energisa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energisa's price. Additionally, you may evaluate how the addition of Energisa to your portfolios can decrease your overall portfolio volatility.
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