Consolidated Edison Stock Short Ratio
| ED Stock | USD 91.77 0.87 0.96% |
Consolidated Edison fundamentals help investors to digest information that contributes to Consolidated Edison's financial success or failures. It also enables traders to predict the movement of Consolidated Stock. The fundamental analysis module provides a way to measure Consolidated Edison's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Consolidated Edison stock.
Consolidated |
Consolidated Edison Company Short Ratio Analysis
Consolidated Edison's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Consolidated Edison Short Ratio | 3.40 X |
Most of Consolidated Edison's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Consolidated Edison is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Based on the latest financial disclosure, Consolidated Edison has a Short Ratio of 3.4 times. This is 6.25% higher than that of the Multi-Utilities sector and significantly higher than that of the Utilities industry. The short ratio for all United States stocks is 15.0% higher than that of the company.
Consolidated Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Consolidated Edison's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Consolidated Edison could also be used in its relative valuation, which is a method of valuing Consolidated Edison by comparing valuation metrics of similar companies.Consolidated Edison is currently under evaluation in short ratio category among related companies.
Consolidated Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0284 | ||||
| Profit Margin | 0.17 % | ||||
| Operating Margin | 0.35 % | ||||
| Current Valuation | 54.03 B | ||||
| Shares Outstanding | 345.72 M | ||||
| Shares Owned By Insiders | 0.17 % | ||||
| Shares Owned By Institutions | 68.16 % | ||||
| Number Of Shares Shorted | 5.65 M | ||||
| Price To Earning | 20.35 X | ||||
| Price To Book | 1.45 X | ||||
| Price To Sales | 2.09 X | ||||
| Revenue | 14.66 B | ||||
| Gross Profit | 7.68 B | ||||
| EBITDA | 5.1 B | ||||
| Net Income | 2.52 B | ||||
| Cash And Equivalents | 1.28 B | ||||
| Cash Per Share | 0.28 X | ||||
| Total Debt | 25.01 B | ||||
| Debt To Equity | 1.24 % | ||||
| Current Ratio | 0.83 X | ||||
| Book Value Per Share | 61.25 X | ||||
| Cash Flow From Operations | 2.16 B | ||||
| Short Ratio | 3.40 X | ||||
| Earnings Per Share | 7.21 X | ||||
| Price To Earnings To Growth | 2.55 X | ||||
| Target Price | 89.92 | ||||
| Number Of Employees | 14.59 K | ||||
| Beta | 0.35 | ||||
| Market Capitalization | 30.22 B | ||||
| Total Asset | 66.33 B | ||||
| Retained Earnings | 13.38 B | ||||
| Working Capital | 75 M | ||||
| Current Asset | 3.84 B | ||||
| Current Liabilities | 4.72 B | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 3.68 % | ||||
| Net Asset | 66.33 B | ||||
| Last Dividend Paid | 3.24 |
About Consolidated Edison Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Consolidated Edison's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Consolidated Edison using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Consolidated Edison based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Consolidated Edison in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Consolidated Edison's short interest history, or implied volatility extrapolated from Consolidated Edison options trading.
Pair Trading with Consolidated Edison
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Consolidated Edison position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Consolidated Edison will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Consolidated Edison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consolidated Edison when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Consolidated Edison - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Consolidated Edison to buy it.
The correlation of Consolidated Edison is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Consolidated Edison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consolidated Edison moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Consolidated Edison can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Consolidated Edison Piotroski F Score and Consolidated Edison Altman Z Score analysis. For information on how to trade Consolidated Stock refer to our How to Trade Consolidated Stock guide.Note that the Consolidated Edison information on this page should be used as a complementary analysis to other Consolidated Edison's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Consolidated Stock analysis
When running Consolidated Edison's price analysis, check to measure Consolidated Edison's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Consolidated Edison is operating at the current time. Most of Consolidated Edison's value examination focuses on studying past and present price action to predict the probability of Consolidated Edison's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consolidated Edison's price. Additionally, you may evaluate how the addition of Consolidated Edison to your portfolios can decrease your overall portfolio volatility.
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Is Consolidated Edison's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Consolidated Edison. If investors know Consolidated will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Consolidated Edison listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Consolidated Edison is measured differently than its book value, which is the value of Consolidated that is recorded on the company's balance sheet. Investors also form their own opinion of Consolidated Edison's value that differs from its market value or its book value, called intrinsic value, which is Consolidated Edison's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Consolidated Edison's market value can be influenced by many factors that don't directly affect Consolidated Edison's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Consolidated Edison's value and its price as these two are different measures arrived at by different means. Investors typically determine if Consolidated Edison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consolidated Edison's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.