Consolidated Edison Inc Backtested Returns
Macroaxis considers Consolidated Edison to be not too risky. Consolidated Edison Inc
secures Sharpe Ratio (or Efficiency) of -0.0307 which signifies that Consolidated Edison Inc
had -0.0307% 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 Risk Adjusted Performance
of 0.034899 and Mean Deviation of 0.9843 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 0.2158 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 -0.0387%. 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.
|15 days auto-correlation||(0.71) |
Almost perfect reverse predictability
Consolidated Edison Inc has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Consolidated Edison time series from January 20, 2018 to February 4, 2018 and February 4, 2018 to February 19, 2018. 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 -0.71 indicates that around 71.0% of current Consolidated Edison price fluctuation can be explain by its past prices. Given that Consolidated Edison Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Consolidated Edison for similar time interval.
|Correlation Coefficient|| -0.71|
|Spearman Rank Test|| 0.1|
|Price Variance|| 0.95|
|Lagged Price Variance|| 1.01|
Consolidated Edison Lagged Returns