Eversource Energy (Germany) Market Value
| NWJ Stock | EUR 55.50 1.00 1.83% |
| Symbol | Eversource |
Eversource Energy '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 Eversource Energy'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 Eversource Energy.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Eversource Energy on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding Eversource Energy or generate 0.0% return on investment in Eversource Energy over 90 days. Eversource Energy is related to or competes with Varengold Bank, INDO-RAMA SYNTHETIC, China BlueChemical, CHEMICAL INDUSTRIES, SEKISUI CHEMICAL, and CREDIT AGRICOLE. Eversource Energy, a public utility holding company, engages in the energy delivery business More
Eversource Energy 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 Eversource Energy'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 Eversource Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0618 | |||
| Maximum Drawdown | 9.75 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 3.42 |
Eversource Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eversource Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eversource Energy's standard deviation. In reality, there are many statistical measures that can use Eversource Energy historical prices to predict the future Eversource Energy's volatility.| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | 0.3041 | |||
| Treynor Ratio | 0.1067 |
Eversource Energy Backtested Returns
At this point, Eversource Energy is very steady. Eversource Energy secures Sharpe Ratio (or Efficiency) of 0.0146, which denotes the company had a 0.0146 % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Eversource Energy, which you can use to evaluate the volatility of the firm. Please confirm Eversource Energy's Mean Deviation of 1.43, standard deviation of 1.94, and Variance of 3.76 to check if the risk estimate we provide is consistent with the expected return of 0.0284%. Eversource Energy has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eversource Energy are expected to decrease at a much lower rate. During the bear market, Eversource Energy is likely to outperform the market. Eversource Energy right now shows a risk of 1.94%. Please confirm Eversource Energy variance, treynor ratio, daily balance of power, as well as the relationship between the jensen alpha and skewness , to decide if Eversource Energy will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
Eversource Energy has very weak predictability. Overlapping area represents the amount of predictability between Eversource Energy time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th of March 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 Eversource Energy price movement. The serial correlation of 0.19 indicates that over 19.0% of current Eversource Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 3.75 |
Eversource Energy lagged returns against current returns
Autocorrelation, which is Eversource Energy 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 Eversource Energy's stock expected returns. We can calculate the autocorrelation of Eversource Energy returns to help us make a trade decision. For example, suppose you find that Eversource Energy 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 |
Eversource Energy 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 Eversource Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eversource Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eversource Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Eversource Energy Lagged Returns
When evaluating Eversource Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eversource Energy stock have on its future price. Eversource Energy 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, Eversource Energy autocorrelation shows the relationship between Eversource Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Eversource Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Eversource Stock
When determining whether Eversource Energy is a strong investment it is important to analyze Eversource Energy'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 Eversource Energy's future performance. For an informed investment choice regarding Eversource Stock, refer to the following important reports:Check out Eversource Energy Correlation, Eversource Energy Volatility and Eversource Energy Alpha and Beta module to complement your research on Eversource Energy. For more detail on how to invest in Eversource Stock please use our How to Invest in Eversource Energy guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Eversource Energy 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.