Consolidated Edison Backtesting

Consolidated Edison Inc -- USA Stock  

USD 83.78  1.08  1.27%

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

September 21, 2017
No Change 0.00  0.0%
In 30 days
October 21, 2017
If you would invest  0.00  in Consolidated Edison on September 21, 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

We consider Consolidated Edison not too risky. Consolidated Edison Inc secures Sharpe Ratio (or Efficiency) of 0.1916 which signifies that Consolidated Edison Inc had 0.1916% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Consolidated Edison Inc which you can use to evaluate future volatility of the firm. Please confirm Consolidated Edison Inc Downside Deviation of 0.6672, Risk Adjusted Performance of 0.0561 and Mean Deviation of 0.5524 to double-check if risk estimate we provide are consistent with the epected return of 0.1345%. Consolidated Edison has performance score of 13 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.1845 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Consolidated Edison will likely underperform.. Although it is extremely important to respect Consolidated Edison Inc historical returns, it is better to be realistic regarding the information on equity current trending patternss. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Consolidated Edison Inc technical indicators you can presently evaluate if the expected return of 0.1345% will be sustainable into the future. Consolidated Edison Inc right now shows a risk of 0.7021%. Please confirm Consolidated Edison Inc Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if Consolidated Edison Inc will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.26) 

Weak reverse predictability

Consolidated Edison Inc has weak reverse predictability. Overlapping area represents the amount of predictability between Consolidated Edison time series from September 21, 2017 to October 6, 2017 and October 6, 2017 to October 21, 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 -0.26 indicates that nearly 26.0% 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 -0.26
Spearman Rank Test -0.41
Price Variance 1.14
Lagged Price Variance 0.38

Consolidated Edison Lagged Returns

 Regressed Prices 

Consolidated Edison Performance vs DOW

The median price of Consolidated Edison for the period between Thu, Sep 21, 2017 and Sat, Oct 21, 2017 is 82.24 with a coefficient of variation of 1.53. The daily time series for the period is distributed with a sample standard deviation of 1.26, arithmetic mean of 82.29, and mean deviation of 1.02. The Stock received some media coverage during the period.
Price Growth (%)  
US Sues Con Edison for Demanding Medical Exams Before Hiring09/28/2017
Purchase by John McAvoy of tradable shares of Consolidated E...10/19/2017