Companhia Energtica de Minas Gerais - CEMIG (CIG)
Companhia Energtica de Minas Gerais - CEMIG Beneish M-Score: -2.546
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CIG Beneish M-Score Rankings
| Overall | 44th percentile | 2072 of 3761 |
| Sector | 30th percentile | 73 of 105 in Utilities |
| Industry | 28th percentile | 37 of 52 in Electric Utilities |
CIG Beneish M-Score Range, Past 5 Years
| Minimum | -2.811 | Dec 2009 |
| Maximum | -0.6322 | Dec 2010 |
| Average | -2.325 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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CIG News
$CIG head and shoulder top formation, probably it will head $14 area. www.wowwtrading.com
about 13 days ago by woowtrading
about 13 days ago by woowtrading
Brazil Experts Discuss Economic and Investment Opportunities at NYSSA Conference
May 01, 4:07PM Business Wire
May 01, 4:07PM Business Wire
$CIG Possible Short but it did bounce off the T-Line http://stks.co/2Uca
about 97 days ago by GoofyGolfa
about 97 days ago by GoofyGolfa
2/15/2012 – Multiple Day Gainers, 4 Days in a row $CKR $MOH $CIG http://stks.co/2Qwk
about 102 days ago by DTtrades
about 102 days ago by DTtrades
RT @EmergingMoney Brazilian utilities: the golden goose. Bouncing currency, dividends, even growth. http://stks.co/2MoZ $CIG $CPL
about 105 days ago by stubbybrown
about 105 days ago by stubbybrown
I like the Gas Brasiliano stake $CIG was able to pick up from PetroBras. That will give them a much needed foothold in Sao Paulo.
about 108 days ago by bradloncar
about 108 days ago by bradloncar
$CIG had a great past few months but it hit big resistance here at 18.25
about 153 days ago by kevintinkle
about 153 days ago by kevintinkle
$NGG $CIG $TAC $TRP Grabbing High Yields Overseas - these utilities are back to LT support, great yields
http://tinyurl.com/3zx5tsq
about 292 days ago by tea8207
about 292 days ago by tea8207
$CIG http://chart.ly/lh63hco few setups before i hit the road for most the trading day.... long setup
about 342 days ago by stt2318
about 342 days ago by stt2318
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CIG | 17.22 | +0.06 | +0.35% | 14.69B |
| CIEN | 11.84 | -0.11 | -0.92% | 1.154B |
| CIE | 22.01 | -0.01 | -0.05% | 9.039B |
| CIDM | 1.59 | +0.06 | +3.92% | 59.85M |
| CIB | 60.26 | -0.58 | -0.95% | 11.87B |
| CIA | 8.22 | -0.12 | -1.44% | 402.45M |
| CI | 44.50 | +0.41 | +0.93% | 12.79B |
| CHY | 11.97 | -0.01 | -0.08% | |
| CHW | 8.03 | -0.08 | -0.99% | |
| CHUX | 9.84 | +0.00 | +0.00% | 216.18M |
