CONSOLIDATED EDISON N Market Value
| 209111FK4 | 81.59 1.43 1.78% |
| Symbol | CONSOLIDATED |
CONSOLIDATED '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 CONSOLIDATED's bond 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 CONSOLIDATED.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in CONSOLIDATED on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding CONSOLIDATED EDISON N or generate 0.0% return on investment in CONSOLIDATED over 30 days. CONSOLIDATED is related to or competes with AKITA Drilling, Noble Plc, Tenaris SA, Transocean, Playtika Holding, Highway Holdings, and Forsys Metals. More
CONSOLIDATED 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 CONSOLIDATED's bond 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 CONSOLIDATED EDISON N upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.02 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 12.12 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 1.96 |
CONSOLIDATED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CONSOLIDATED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CONSOLIDATED's standard deviation. In reality, there are many statistical measures that can use CONSOLIDATED historical prices to predict the future CONSOLIDATED's volatility.| Risk Adjusted Performance | 0.0265 | |||
| Jensen Alpha | 0.0039 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1 |
CONSOLIDATED EDISON Backtested Returns
At this point, CONSOLIDATED is very steady. CONSOLIDATED EDISON secures Sharpe Ratio (or Efficiency) of 0.0252, which signifies that the bond had a 0.0252% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for CONSOLIDATED EDISON N, which you can use to evaluate the volatility of the entity. Please confirm CONSOLIDATED's mean deviation of 1.04, and Risk Adjusted Performance of 0.0265 to double-check if the risk estimate we provide is consistent with the expected return of 0.0397%. The bond shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CONSOLIDATED's returns are expected to increase less than the market. However, during the bear market, the loss of holding CONSOLIDATED is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
CONSOLIDATED EDISON N has very good reverse predictability. Overlapping area represents the amount of predictability between CONSOLIDATED time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 CONSOLIDATED EDISON price movement. The serial correlation of -0.67 indicates that around 67.0% of current CONSOLIDATED price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
CONSOLIDATED EDISON lagged returns against current returns
Autocorrelation, which is CONSOLIDATED bond'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 CONSOLIDATED's bond expected returns. We can calculate the autocorrelation of CONSOLIDATED returns to help us make a trade decision. For example, suppose you find that CONSOLIDATED has exhibited high autocorrelation historically, and you observe that the bond 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 |
CONSOLIDATED 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 CONSOLIDATED bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CONSOLIDATED bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CONSOLIDATED bond over time.
Current vs Lagged Prices |
| Timeline |
CONSOLIDATED Lagged Returns
When evaluating CONSOLIDATED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CONSOLIDATED bond have on its future price. CONSOLIDATED 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, CONSOLIDATED autocorrelation shows the relationship between CONSOLIDATED bond current value and its past values and can show if there is a momentum factor associated with investing in CONSOLIDATED EDISON N.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in CONSOLIDATED Bond
CONSOLIDATED financial ratios help investors to determine whether CONSOLIDATED Bond 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 CONSOLIDATED with respect to the benefits of owning CONSOLIDATED security.