Edison International (Germany) Market Value
| EIX Stock | EUR 61.00 1.40 2.35% |
| Symbol | Edison |
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.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Edison International on December 19, 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 THRACE PLASTICS, Materialise, Check Point, Vulcan Materials, and Magic Software. Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity... 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.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.31 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.54 |
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 | (0.09) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.84) |
Edison International Backtested Returns
Edison International secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of risk over the last 3 months. Edison International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Edison International's Mean Deviation of 1.55, standard deviation of 2.55, and Variance of 6.52 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.35, which means possible diversification benefits within a given portfolio. 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. At this point, Edison International has a negative expected return of -0.36%. Please make sure to confirm Edison International's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Edison International performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.7 |
Very good reverse predictability
Edison International has very good reverse predictability. Overlapping area represents the amount of predictability between Edison International time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 -0.7 indicates that around 70.0% of current Edison International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 45.51 |
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 |
| Timeline |
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 |
Currently Active Assets on Macroaxis
| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin | |
| ADA | Cardano | |
| XRP | XRP |
Additional Information and Resources on Investing in Edison Stock
When determining whether Edison International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Edison International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Edison International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Edison International Stock:Check out Edison International Correlation, Edison International Volatility and Edison International Alpha and Beta module to complement your research on Edison International. For more detail on how to invest in Edison Stock please use our How to Invest in Edison International guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Edison International 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.