Consolidated Edison Backtesting

ED -- USA Stock  

USD 78.44  0.12  0.15%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Consolidated Edison 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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Consolidated Edison 'What if' Analysis

August 22, 2018
0.00
No Change 0.00  0.0%
In 31 days
September 21, 2018
0.00
If you would invest  0.00  in Consolidated Edison on August 22, 2018 and sell it all today you would earn a total of 0.00 from holding Consolidated Edison or generate 0.0% return on investment in Consolidated Edison over 30 days. Consolidated Edison is related to or competes with Atlantica Yield, El Paso, Eversource Energy, Hawaiian Electric, Enel Amricas, and Enel Chile. Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses i...

Consolidated Edison Upside/Downside Indicators

Information Ratio0.22
Maximum Drawdown5.36
Value At Risk1.56
Potential Upside0.9688
  

Consolidated Edison Market Premium Indicators

Risk Adjusted Performance0.011309
Jensen Alpha0.07
Total Risk Alpha0.40
Treynor Ratio0.29

Consolidated Edison Backtested Returns

Macroaxis considers Consolidated Edison to be not too risky. Consolidated Edison secures Sharpe Ratio (or Efficiency) of -0.0242 which signifies that Consolidated Edison had -0.0242% 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 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 Risk Adjusted Performance of 0.011309 and Mean Deviation of 0.5704 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 0.1556 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 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 exposes twenty-one different technical indicators which can help you to evaluate its performance. Consolidated Edison has expected return of -0.0237%. Please be advised to confirm Consolidated Edison Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if Consolidated Edison past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.86) 

Excellent reverse predictability

Consolidated Edison has excellent reverse predictability. Overlapping area represents the amount of predictability between Consolidated Edison time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 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 price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Consolidated Edison price fluctuation can be explain by its past prices. Given that Consolidated Edison 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-0.86
Spearman Rank Test-0.11
Residual Average0.0
Price Variance0.71

Consolidated Edison lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Consolidated Edison regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Consolidated Edison Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - ED

Consolidated Edison Investor Sentiment

Nearly all of Macroaxis users are currently bullish on Consolidated Edison. What is your opinion about investing in Consolidated Edison? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Consolidated Edison Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Consolidated Edison and Atlantica Yield plc. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
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. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.
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