Edison International Stock Market Value
| EIX Stock | USD 87.75 0.61 0.69% |
| Symbol | Edison |
Edison International Price To Book Ratio
Is Electric Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Edison International. If investors know Edison will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Edison International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.3 | Dividend Share 3.12 | Earnings Share 3.42 | Revenue Per Share 44.96 | Quarterly Revenue Growth 0.106 |
The market value of Edison International is measured differently than its book value, which is the value of Edison that is recorded on the company's balance sheet. Investors also form their own opinion of Edison International's value that differs from its market value or its book value, called intrinsic value, which is Edison International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Edison International's market value can be influenced by many factors that don't directly affect Edison International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Edison International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edison International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edison International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Edison International '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 Edison International'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 Edison International.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Edison International on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Edison International or generate 0.0% return on investment in Edison International over 30 days. Edison International is related to or competes with Southern, American Electric, Duke Energy, Dominion Energy, Consolidated Edison, Nextera Energy, and CenterPoint Energy. Edison International, through its subsidiaries, generates and distributes electric power More
Edison International 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 Edison International'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 Edison International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.77 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.77 |
Edison International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edison International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edison International's standard deviation. In reality, there are many statistical measures that can use Edison International historical prices to predict the future Edison International's volatility.| Risk Adjusted Performance | 0.0539 | |||
| Jensen Alpha | 0.0357 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.3424 |
Edison International Backtested Returns
At this stage we consider Edison Stock to be very steady. Edison International secures Sharpe Ratio (or Efficiency) of 0.027, which denotes the company had a 0.027% return per unit of risk over the last 3 months. We have found thirty technical indicators for Edison International, which you can use to evaluate the volatility of the firm. Please confirm Edison International's Coefficient Of Variation of 1479.31, mean deviation of 0.8305, and Downside Deviation of 1.01 to check if the risk estimate we provide is consistent with the expected return of 0.0264%. Edison International has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which means not very significant fluctuations relative to the market. As returns on the market increase, Edison International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edison International is expected to be smaller as well. Edison International right now shows a risk of 0.98%. Please confirm Edison International potential upside, and the relationship between the total risk alpha and kurtosis , to decide if Edison International will be following its price patterns.
Auto-correlation | 0.71 |
Good predictability
Edison International has good predictability. Overlapping area represents the amount of predictability between Edison International time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Edison International price movement. The serial correlation of 0.71 indicates that around 71.0% of current Edison International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Edison International lagged returns against current returns
Autocorrelation, which is Edison International 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 Edison International's stock expected returns. We can calculate the autocorrelation of Edison International returns to help us make a trade decision. For example, suppose you find that Edison International 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 |
Edison International 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 Edison International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edison International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edison International stock over time.
Current vs Lagged Prices |
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Edison International Lagged Returns
When evaluating Edison International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edison International stock have on its future price. Edison International 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, Edison International autocorrelation shows the relationship between Edison International stock current value and its past values and can show if there is a momentum factor associated with investing in Edison International.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Edison Stock Analysis
When running Edison International's price analysis, check to measure Edison International'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 Edison International is operating at the current time. Most of Edison International's value examination focuses on studying past and present price action to predict the probability of Edison International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edison International's price. Additionally, you may evaluate how the addition of Edison International to your portfolios can decrease your overall portfolio volatility.