EDP Renovveis (Germany) Market Value
| EDW Stock | EUR 9.60 0.21 2.14% |
| Symbol | EDP |
EDP Renovveis '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 EDP Renovveis' 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 EDP Renovveis.
| 11/30/2024 |
| 12/30/2024 |
If you would invest 0.00 in EDP Renovveis on November 30, 2024 and sell it all today you would earn a total of 0.00 from holding EDP Renovveis SA or generate 0.0% return on investment in EDP Renovveis over 30 days. EDP Renovveis is related to or competes with Orsted AS, Huaneng Power, Power Assets, China Resources, NRG Energy, and Northland Power. EDP Renovveis, S.A., a renewable energy company, plans, constructs, and maintains electricity production facilities prim... More
EDP Renovveis 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 EDP Renovveis' 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 EDP Renovveis SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.30) | |||
| Maximum Drawdown | 13.82 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 2.95 |
EDP Renovveis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EDP Renovveis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EDP Renovveis' standard deviation. In reality, there are many statistical measures that can use EDP Renovveis historical prices to predict the future EDP Renovveis' volatility.| Risk Adjusted Performance | (0.22) | |||
| Jensen Alpha | (0.68) | |||
| Total Risk Alpha | (0.75) | |||
| Treynor Ratio | 13.99 |
EDP Renovveis SA Backtested Returns
EDP Renovveis SA secures Sharpe Ratio (or Efficiency) of -0.32, which denotes the company had a -0.32% return per unit of risk over the last 3 months. EDP Renovveis SA exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EDP Renovveis' Mean Deviation of 1.72, standard deviation of 2.37, and Coefficient Of Variation of (350.23) to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.049, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EDP Renovveis are expected to decrease at a much lower rate. During the bear market, EDP Renovveis is likely to outperform the market. At this point, EDP Renovveis SA has a negative expected return of -0.76%. Please make sure to confirm EDP Renovveis' maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if EDP Renovveis SA performance from the past will be repeated in the future.
Auto-correlation | 0.61 |
Good predictability
EDP Renovveis SA has good predictability. Overlapping area represents the amount of predictability between EDP Renovveis time series from 30th of November 2024 to 15th of December 2024 and 15th of December 2024 to 30th 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 EDP Renovveis SA price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current EDP Renovveis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
EDP Renovveis SA lagged returns against current returns
Autocorrelation, which is EDP Renovveis 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 EDP Renovveis' stock expected returns. We can calculate the autocorrelation of EDP Renovveis returns to help us make a trade decision. For example, suppose you find that EDP Renovveis 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 |
EDP Renovveis 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 EDP Renovveis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EDP Renovveis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EDP Renovveis stock over time.
Current vs Lagged Prices |
| Timeline |
EDP Renovveis Lagged Returns
When evaluating EDP Renovveis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EDP Renovveis stock have on its future price. EDP Renovveis 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, EDP Renovveis autocorrelation shows the relationship between EDP Renovveis stock current value and its past values and can show if there is a momentum factor associated with investing in EDP Renovveis SA.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in EDP Stock
EDP Renovveis financial ratios help investors to determine whether EDP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EDP with respect to the benefits of owning EDP Renovveis security.