Consolidated Edison Backtesting

Consolidated Edison Inc -- USA Stock  

USD 88.09  1.57  1.75%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Consolidated Edison Inc and determine expected loss or profit from investing in Consolidated Edison over given investment horizon. Additionally see Consolidated Edison Hype Analysis, Consolidated Edison Correlation, Consolidated Edison Valuation, Consolidated Edison Volatility as well as analyze Consolidated Edison Alpha and Beta and Consolidated Edison Performance
Investment Horizon     30 Days    Login   to change

Consolidated Edison 'What if' Analysis

November 13, 2017
No Change 0.00  0.0%
In 31 days
December 13, 2017
If you would invest  0.00  in Consolidated Edison on November 13, 2017 and sell it all today you would earn a total of 0.00 from holding Consolidated Edison Inc or generate 0.0% return on investment in Consolidated Edison over 30 days. Consolidated Edison is related to or competes with Dominion Energy, Eversource Energy, NiSource, Ameren, and Avangrid. It offers electric services to approximately 3.4 million customers in New York City and Westchester County gas to approx...

Consolidated Edison Upside/Downside Indicators


Consolidated Edison Market Premium Indicators

Consolidated Edison Inc lagged returns against current returns

 Current and Lagged Values 

Consolidated Edison regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Consolidated Edison Inc Backtested Returns

Macroaxis considers Consolidated Edison to be not too risky. Consolidated Edison Inc secures Sharpe Ratio (or Efficiency) of -0.013 which signifies that Consolidated Edison Inc had -0.013% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Consolidated Edison Inc exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Consolidated Edison Inc Downside Deviation of 0.9637, Risk Adjusted Performance of 0.036 and Mean Deviation of 0.6128 to double-check risk estimate we provide. Macroaxis gives Consolidated Edison performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.376 which signifies that as returns on market increase, Consolidated Edison returns are expected to increase less than the market. However during bear market, the loss on holding Consolidated Edison will be expected to be smaller as well.. Even though it is essential to pay attention to Consolidated Edison Inc historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Consolidated Edison Inc exposes twenty-one different technical indicators which can help you to evaluate its performance. Consolidated Edison Inc has expected return of -0.009%. Please be advised to confirm Consolidated Edison Inc Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if Consolidated Edison Inc past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.03 

Virtually no predictability

Consolidated Edison Inc has virtually no predictability. Overlapping area represents the amount of predictability between Consolidated Edison time series from November 13, 2017 to November 28, 2017 and November 28, 2017 to December 13, 2017. 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 Inc price movement. The serial correlation of 0.03 indicates that only 3.0% of current Consolidated Edison price fluctuation can be explain by its past prices.
Correlation Coefficient 0.03
Spearman Rank Test -0.18
Price Variance 0.23
Lagged Price Variance 0.76

Consolidated Edison Lagged Returns

 Regressed Prices 

Consolidated Edison Performance vs DOW

The median price of Consolidated Edison for the period between Mon, Nov 13, 2017 and Wed, Dec 13, 2017 is 88.09 with a coefficient of variation of 1.11. The daily time series for the period is distributed with a sample standard deviation of 0.97, arithmetic mean of 87.92, and mean deviation of 0.8. The Stock received some media coverage during the period.
Price Growth (%)  
Let Put These Technical Indicators To Work Consolidated Edis...12/12/2017