Edify Stock Performance

EACPU -  USA Stock  

USD 9.94  0.01  0.10%

The firm shows a Beta (market volatility) of -0.0366, which means not very significant fluctuations relative to the market. Let's try to break down what Edify's beta means in this case. As returns on the market increase, returns on owning Edify Acquisition are expected to decrease at a much lower rate. During the bear market, Edify Acquisition is likely to outperform the market. Although it is extremely important to respect Edify Acquisition Corp historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By reviewing Edify Acquisition Corp technical indicators, you can presently evaluate if the expected return of 3.0E-4% will be sustainable into the future. Edify Acquisition Corp right now shows a risk of 0.25%. Please confirm Edify Acquisition Corp potential upside, and the relationship between the total risk alpha and kurtosis to decide if Edify Acquisition Corp will be following its price patterns.

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 Edify Performance
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Over the last 90 days Edify Acquisition Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Edify Acquisition is not utilizing all of its potentials. The new stock price uproar, may contribute to short-horizon losses for the private investors. ...more

Edify Price Channel

Fifty Two Week Low10.17
Fifty Two Week High10.40

Edify Acquisition Relative Risk vs. Return Landscape

If you would invest  994.00  in Edify Acquisition Corp on June 24, 2021 and sell it today you would earn a total of  0.00  from holding Edify Acquisition Corp or generate 0.0% return on investment over 90 days. Edify Acquisition Corp is currently producing 3.0E-4% returns and takes up 0.2494% volatility of returns over 90 trading days. Put another way, 2% of traded stocks are less volatile than Edify, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Edify Acquisition is expected to generate 17.0 times less return on investment than the market. But when comparing it to its historical volatility, the company is 2.71 times less risky than the market. It trades about 0.0 of its potential returns per unit of risk. The DOW is currently generating roughly 0.01 of returns per unit of risk over similar time horizon.

Edify Acquisition Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Edify Acquisition's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Edify Acquisition Corp, and traders can use it to determine the average amount a Edify Acquisition's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0012

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Negative ReturnsEACPU
Estimated Market Risk
  actual daily
 2 %
of total potential
Expected Return
  actual daily
 0 %
of total potential
Risk-Adjusted Return
  actual daily
 0 %
of total potential
Based on monthly moving average Edify Acquisition is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Edify Acquisition by adding it to a well-diversified portfolio.

About Edify Acquisition Performance

To evaluate Edify Acquisition Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Edify Acquisition generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Edify Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Edify Acquisition Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Edify's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The company was incorporated in 2020 and is based in New York, New York. Edify Acquisition is traded on NASDAQ Exchange in the United States.

Things to note about Edify Acquisition Corp

Checking the ongoing alerts about Edify Acquisition for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Edify Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Edify Acquisition Alerts

Equity Alerts and Improvement Suggestions

Edify Acquisition has high likelihood to experience some financial distress in the next 2 years
Latest headline from www.equities.com: Edify falls 0.31 percent for September 15 - Equities.com
Continue to Investing Opportunities. Note that the Edify Acquisition Corp information on this page should be used as a complementary analysis to other Edify Acquisition'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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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When running Edify Acquisition Corp price analysis, check to measure Edify Acquisition'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 Edify Acquisition is operating at the current time. Most of Edify Acquisition's value examination focuses on studying past and present price action to predict the probability of Edify Acquisition's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Edify Acquisition's price. Additionally, you may evaluate how the addition of Edify Acquisition to your portfolios can decrease your overall portfolio volatility.
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The market value of Edify Acquisition Corp is measured differently than its book value, which is the value of Edify that is recorded on the company's balance sheet. Investors also form their own opinion of Edify Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Edify Acquisition'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 Edify Acquisition's market value can be influenced by many factors that don't directly affect Edify Acquisition Corp underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Edify Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine Edify Acquisition value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edify Acquisition'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.