Use this graph to draw trend lines for Consolidated Edison Inc. You can use it to identify possible trend reversals for Consolidated 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 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Consolidated 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 0.11 %
which may indicate that the price for Consolidated Edison Inc will continue to decline. It has 44 observation points and regression sum of squers of 20.24 which is sum of squared deviations of the predicted Consolidated price change against its avarage change.
|Price Growth (%) |
|Prediction Trend || ||Consolidated || |
Consolidated has a best fit line with a correlation coefficient of -0.6. and coefficient of determination of 0.36. Note, that about 45.0%
of the company shares are held by institutions