Edison International Stock Z Score
| EIX Stock | USD 70.82 0.03 0.04% |
Edison | Z Score |
Edison International Company Z Score Analysis
Edison International's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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Edison Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Edison International is extremely important. It helps to project a fair market value of Edison Stock properly, considering its historical fundamentals such as Z Score. Since Edison International's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Edison International's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Edison International's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
According to the company's disclosures, Edison International has a Z Score of 0.0. This is 100.0% lower than that of the Electric Utilities sector and about the same as Utilities (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Edison International ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Edison International's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Edison International's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Edison International Institutional Holders
Institutional Holdings refers to the ownership stake in Edison International that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Edison International's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Edison International's value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 5.7 M | Jpmorgan Chase & Co | 2023-12-31 | 5.7 M | Deutsche Bank Ag | 2023-12-31 | 5.6 M | Legal & General Group Plc | 2023-12-31 | 5.5 M | Atlas Infrastructure Partners (uk) Ltd | 2023-12-31 | 5.5 M | Massachusetts Financial Services Company | 2023-12-31 | 5.3 M | Northern Trust Corp | 2023-12-31 | 4.2 M | Ubs Asset Mgmt Americas Inc | 2023-12-31 | 4.1 M | Amvescap Plc. | 2023-12-31 | 3.7 M | Vanguard Group Inc | 2023-12-31 | 46.7 M | Blackrock Inc | 2023-12-31 | 36.7 M |
Edison Fundamentals
| Return On Equity | 0.0675 | ||||
| Return On Asset | 0.0282 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.26 % | ||||
| Current Valuation | 66.25 B | ||||
| Shares Outstanding | 384.68 M | ||||
| Shares Owned By Insiders | 0.17 % | ||||
| Shares Owned By Institutions | 91.66 % | ||||
| Number Of Shares Shorted | 6.67 M | ||||
| Price To Earning | 29.72 X | ||||
| Price To Book | 1.91 X | ||||
| Price To Sales | 1.62 X | ||||
| Revenue | 16.34 B | ||||
| Gross Profit | 9.41 B | ||||
| EBITDA | 5.7 B | ||||
| Net Income | 1.41 B | ||||
| Cash And Equivalents | 914 M | ||||
| Cash Per Share | 0.32 X | ||||
| Total Debt | 35.31 B | ||||
| Debt To Equity | 1.76 % | ||||
| Current Ratio | 0.61 X | ||||
| Book Value Per Share | 36.02 X | ||||
| Cash Flow From Operations | 3.4 B | ||||
| Short Ratio | 3.79 X | ||||
| Earnings Per Share | 3.11 X | ||||
| Price To Earnings To Growth | 0.73 X | ||||
| Target Price | 75.56 | ||||
| Number Of Employees | 13 K | ||||
| Beta | 0.97 | ||||
| Market Capitalization | 27.25 B | ||||
| Total Asset | 81.76 B | ||||
| Retained Earnings | 7.5 B | ||||
| Working Capital | (1.79 B) | ||||
| Current Asset | 2.65 B | ||||
| Current Liabilities | 4.93 B | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 4.02 % | ||||
| Net Asset | 81.76 B | ||||
| Last Dividend Paid | 2.99 |
About Edison International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Edison International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Edison International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Edison International 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.
Edison International Investors Sentiment
The influence of Edison International'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 Edison. 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 Edison International's public news can be used to forecast risks associated with an investment in Edison. The trend in average sentiment can be used to explain how an investor holding Edison can time the market purely based on public headlines and social activities around Edison International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Edison International'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 Edison International'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 Edison International's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Edison International.
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 Edison International 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, Edison International's short interest history, or implied volatility extrapolated from Edison International options trading.
Pair Trading with Edison International
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 Edison International 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 Edison International will appreciate offsetting losses from the drop in the long position's value.Moving together with Edison Stock
| 0.91 | D | Dominion Energy Earnings Call This Week | PairCorr |
| 0.66 | ED | Consolidated Edison Earnings Call This Week | PairCorr |
| 0.73 | ES | Eversource Energy Earnings Call This Week | PairCorr |
| 0.69 | FE | FirstEnergy Earnings Call Tomorrow | PairCorr |
Moving against Edison Stock
| 0.71 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
| 0.43 | EBR | Centrais Electricas Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Edison International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edison International 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 Edison International - 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 Edison International to buy it.
The correlation of Edison International 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 Edison International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edison International 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 Edison International 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 Edison International Piotroski F Score and Edison International Valuation analysis. For more information on how to buy Edison Stock please use our How to Invest in Edison International guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Edison Stock analysis
When running Edison International's price analysis, check to measure Edison International'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 Edison International is operating at the current time. Most of Edison International's value examination focuses on studying past and present price action to predict the probability of Edison International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edison International's price. Additionally, you may evaluate how the addition of Edison International to your portfolios can decrease your overall portfolio volatility.
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Is Edison International'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 Edison International. If investors know Edison 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 Edison International 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 (0.09) | Dividend Share 2.993 | Earnings Share 3.11 | Revenue Per Share 42.658 | Quarterly Revenue Growth (0.08) |
The market value of Edison International is measured differently than its book value, which is the value of Edison that is recorded on the company's balance sheet. Investors also form their own opinion of Edison International's value that differs from its market value or its book value, called intrinsic value, which is Edison International'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 Edison International's market value can be influenced by many factors that don't directly affect Edison International'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 Edison International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edison International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edison International'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.