Consolidated Edison (Germany) Market Value
| EDC Stock | EUR 87.90 1.88 2.09% |
| Symbol | Consolidated |
Consolidated Edison '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 Consolidated Edison'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 Consolidated Edison.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Consolidated Edison on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Consolidated Edison or generate 0.0% return on investment in Consolidated Edison over 390 days. Consolidated Edison is related to or competes with CDL INVESTMENT, REINET INVESTMENTS, AOYAMA TRADING, Jacquet Metal, MINCO SILVER, Coeur Mining, and KENNAMETAL INC. Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses i... More
Consolidated Edison 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 Consolidated Edison'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 Consolidated Edison upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.88 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 2.16 |
Consolidated Edison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consolidated Edison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consolidated Edison's standard deviation. In reality, there are many statistical measures that can use Consolidated Edison historical prices to predict the future Consolidated Edison's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.14) |
Consolidated Edison Backtested Returns
Consolidated Edison secures Sharpe Ratio (or Efficiency) of -0.0582, which signifies that the company had a -0.0582% return per unit of risk over the last 3 months. Consolidated Edison exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Consolidated Edison's Risk Adjusted Performance of (0.02), standard deviation of 1.36, and Mean Deviation of 1.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Consolidated Edison's returns are expected to increase less than the market. However, during the bear market, the loss of holding Consolidated Edison is expected to be smaller as well. At this point, Consolidated Edison has a negative expected return of -0.0809%. Please make sure to confirm Consolidated Edison's information ratio, total risk alpha, potential upside, as well as the relationship between the jensen alpha and treynor ratio , to decide if Consolidated Edison performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.27 |
Poor predictability
Consolidated Edison has poor predictability. Overlapping area represents the amount of predictability between Consolidated Edison time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 Consolidated Edison price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Consolidated Edison price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 22.77 |
Consolidated Edison lagged returns against current returns
Autocorrelation, which is Consolidated Edison 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 Consolidated Edison's stock expected returns. We can calculate the autocorrelation of Consolidated Edison returns to help us make a trade decision. For example, suppose you find that Consolidated Edison 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 |
Consolidated Edison 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 Consolidated Edison stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consolidated Edison stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consolidated Edison stock over time.
Current vs Lagged Prices |
| Timeline |
Consolidated Edison Lagged Returns
When evaluating Consolidated Edison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consolidated Edison stock have on its future price. Consolidated Edison 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, Consolidated Edison autocorrelation shows the relationship between Consolidated Edison stock current value and its past values and can show if there is a momentum factor associated with investing in Consolidated Edison.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Consolidated Stock
When determining whether Consolidated Edison is a strong investment it is important to analyze Consolidated Edison'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 Consolidated Edison's future performance. For an informed investment choice regarding Consolidated Stock, refer to the following important reports:Check out Consolidated Edison Correlation, Consolidated Edison Volatility and Consolidated Edison Alpha and Beta module to complement your research on Consolidated Edison. For more detail on how to invest in Consolidated Stock please use our How to Invest in Consolidated Edison guide.You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Consolidated Edison technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.