Consolidated Edison Technical Analysis

Consolidated Edison Inc -- USA Stock  

USD 83.78  0.22  0.26%

Consolidated Edison Inc shows Downside Deviation of 0.6736, Risk Adjusted Performance of 0.0141 and Mean Deviation of 0.5392. Consolidated Edison Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm future prices. In plain English you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum or the prices will eventually revert. We found nineteen technical drivers for Consolidated Edison Inc which can be compared to its rivals. Please confirm Consolidated Edison Inc Maximum Drawdown, Semi Variance and the relationship between Jensen Alpha and Potential Upside to decide if Consolidated Edison Inc is priced correctly providing market reflects its regular price of 83.78 per share. Given that Consolidated Edison has Jensen Alpha of (0.096384), we suggest you validate Consolidated Edison Inc prevailing market performance to make sure the company can sustain itself at future point.
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Consolidated Edison Inc Trend Analysis

Use this graph to draw trend lines for Consolidated Edison Inc. You can use it to identify possible trend reversals for Consolidated Edison as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Consolidated Edison price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Consolidated Edison Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Consolidated Edison Inc applied against its price change over selected period. The best fit line has a slop of 0.22 % which suggests that Consolidated Edison Inc will keep on generating value for investors. It has 34 observation points and a regression sum of squares at 39.44, which is the sum of squared deviations for the predicted Consolidated Edison price change compared to its average price change.

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Correlation Analysis

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Consolidated Edison Inc is rated # 5 in mean deviation category among related companies. It is rated below average in standard deviation category among related companies creating about  1.29  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Consolidated Edison Inc is roughly  1.29