Analysis for Companhia Energetica de Minas Gerais
Description & usage
Companhia Energética de Minas Gerais (Cemig) is a Brazilian utility active in power generation, transmission, and distribution. The business benefits from regulated revenue streams and core infrastructure relevance in Minas Gerais. Key drivers are tariff regulation, hydrology conditions, grid quality, and leverage.
Basic info
- Symbol
- CMIG4.SA
- Type
- Stock
- Region
- Emerging Markets
- Sector
- Utilities
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Basic info
- Symbol
- CMIG4.SA
- Type
- Stock
- Region
- Emerging Markets
- Sector
- Utilities
- Available history
- 11.2 years
- Last trading day
- 04/02/2026
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Score overview
The overall score combines Performance, Stability and Trend into one comparable value.
Market context
- DXY
- 120.89
- US 10Y Real
- 1.99%
- Fed Balance
- $6.68T
- CPI YoY
- 2.4%
- Fed Rate
- 3.75%
- US 10Y
- 4.35%
- VIX
- 24.54
- HY OAS
- 3.17%
- Brent
- $121.88
- Core CPI
- 2.5%
- US 2Y
- 3.84%
- ISM PMI
- –
Analysis summary
Technical asset picture
Companhia Energetica de Minas Gerais (CMIG4.SA) currently has a total score of 76 points, placing it in the strong range. The score is made up of Performance (75), Stability (76) and Trend (78). All three sub-scores are currently above average.
Performance scores 75 points (strong). Key strength: 10Y return at 328.3 %. Even the weakest return is still strong in absolute terms: 3Y return at 58.9 %. This suggests stronger long-term than short-term performance.
Stability scores 76 points (strong). Key strength: current drawdown at 0.0 %. Main drag: max drawdown (10Y) at -66.3 %. That indicates very deep historical drawdowns. Higher Stability points are better and typically reflect calmer swings and smaller drawdowns-but prices can still fall.
Trend scores 78 points (strong). Key strength: Price is about 7.4 % above SMA50. Main drag: 12M momentum at 15.1 %.
Overall, the profile is fairly consistent across dimensions. On a metric level, current drawdown stands out, while max drawdown (10Y) is the main weak spot.
Current market backdrop
The backdrop currently looks mixed and rather restrictive.
A strong US dollar currently paints a mixed risk picture.
High US real yields and elevated long yields lean toward a restrictive rate backdrop.
What that typically means here
For this asset type, the current backdrop looks mixed rather than clearly directional.
Note: ISM PMI was not used actively in the effect logic.
Historical evaluation and qualitative market context only, not investment advice.
Price chart
Use the chart to read recent price behavior before drilling into metrics.
Scores and metrics
Explore the overall score, the three pillar scores, and the metrics behind them.