Consolidated Edison Stock Market Value
| ED Stock | USD 90.90 0.57 0.63% |
| Symbol | Consolidated |
Consolidated Edison Price To Book Ratio
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.
Quarterly Earnings Growth 0.821 | Dividend Share 3.24 | Earnings Share 7.21 | Revenue Per Share 42.171 | Quarterly Revenue Growth (0.15) |
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.
Consolidated Edison 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Consolidated Edison's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Consolidated Edison.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Consolidated Edison on March 20, 2024 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 American Electric, Nextera Energy, Morningstar Unconstrained, T Rowe, and 70082LAB3. Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery business... More
Consolidated Edison Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Consolidated Edison's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Consolidated Edison upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.43 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.07 |
Consolidated Edison Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consolidated Edison's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consolidated Edison's standard deviation. In reality, there are many statistical measures that can use Consolidated Edison historical prices to predict the future Consolidated Edison's volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.0009) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Consolidated Edison's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Consolidated Edison Backtested Returns
We consider Consolidated Edison very steady. Consolidated Edison secures Sharpe Ratio (or Efficiency) of 0.0458, which signifies that the company had a 0.0458% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Consolidated Edison, which you can use to evaluate the volatility of the firm. Please confirm Consolidated Edison's Downside Deviation of 1.14, risk adjusted performance of 0.0097, and Mean Deviation of 0.8302 to double-check if the risk estimate we provide is consistent with the expected return of 0.0518%. Consolidated Edison has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Consolidated Edison's returns are expected to increase less than the market. However, during the bear market, the loss of holding Consolidated Edison is expected to be smaller as well. Consolidated Edison right now shows a risk of 1.13%. Please confirm Consolidated Edison maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to decide if Consolidated Edison will be following its price patterns.
Auto-correlation | -0.37 |
Poor reverse predictability
Consolidated Edison has poor reverse predictability. Overlapping area represents the amount of predictability between Consolidated Edison time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. 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 -0.37 indicates that just about 37.0% of current Consolidated Edison price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
Consolidated Edison lagged returns against current returns
Autocorrelation, which is Consolidated Edison stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Consolidated Edison's stock expected returns. We can calculate the autocorrelation of Consolidated Edison returns to help us make a trade decision. For example, suppose you find that Consolidated Edison has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Consolidated Edison regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Consolidated Edison stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consolidated Edison stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consolidated Edison stock over time.
Current vs Lagged Prices |
| Timeline |
Consolidated Edison Lagged Returns
When evaluating Consolidated Edison's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consolidated Edison stock have on its future price. Consolidated Edison autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Consolidated Edison autocorrelation shows the relationship between Consolidated Edison stock current value and its past values and can show if there is a momentum factor associated with investing in Consolidated Edison.
Regressed Prices |
| Timeline |
Consolidated Edison Investors Sentiment
The influence of Consolidated Edison's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Consolidated. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Consolidated Edison's public news can be used to forecast risks associated with an investment in Consolidated. The trend in average sentiment can be used to explain how an investor holding Consolidated can time the market purely based on public headlines and social activities around Consolidated Edison. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Consolidated Edison's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Consolidated Edison's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Consolidated Edison's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Consolidated Edison.
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 Correlation, Consolidated Edison Volatility and Consolidated Edison Alpha and Beta module to complement your research on Consolidated Edison. 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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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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Consolidated Edison technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.