Eversource Energy (Germany) Market Value
| NWJ Stock | EUR 57.50 1.00 1.77% |
| 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.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Eversource Energy on November 19, 2023 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 390 days. Eversource Energy is related to or competes with NextEra Energy, PGE, Xcel Energy, Consolidated Edison, Edison International. 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 | (0.10) | |||
| Maximum Drawdown | 8.37 | |||
| Value At Risk | (3.25) | |||
| Potential Upside | 2.59 |
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 | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.15) |
Eversource Energy Backtested Returns
Eversource Energy secures Sharpe Ratio (or Efficiency) of -0.035, which denotes the company had a -0.035% return per unit of risk over the last 3 months. Eversource Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Eversource Energy's Standard Deviation of 1.65, mean deviation of 1.26, and Variance of 2.72 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eversource Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Eversource Energy is expected to be smaller as well. At this point, Eversource Energy has a negative expected return of -0.0586%. Please make sure to confirm Eversource Energy's variance, treynor ratio, daily balance of power, as well as the relationship between the jensen alpha and skewness , to decide if Eversource Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Eversource Energy has insignificant reverse predictability. Overlapping area represents the amount of predictability between Eversource Energy 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 Eversource Energy price movement. The serial correlation of -0.17 indicates that over 17.0% of current Eversource Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 8.5 |
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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.