EDP Renovaveis (Portugal) Performance

EDPR Stock  EUR 16.72  0.03  0.18%   
EDP Renovaveis has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.0955, which means a somewhat significant risk relative to the market. EDP Renovaveis returns are very sensitive to returns on the market. As the market goes up or down, EDP Renovaveis is expected to follow. Although it is important to respect EDP Renovaveis historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. Our main 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 examining EDP Renovaveis technical indicators, you can today evaluate if the expected return of 0.0448% will be sustainable into the future. EDP Renovaveis now shows a risk of 2.22%. Please confirm EDP Renovaveis jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if EDP Renovaveis will be following its price patterns.

EDP Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in EDP Renovaveis are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, EDP Renovaveis is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors. ...more
Begin Period Cash Flow474.4 M
Total Cashflows From Investing Activities-2 B

EDP Renovaveis Relative Risk vs. Return Landscape

If you would invest  1,650  in EDP Renovaveis on September 5, 2023 and sell it today you would earn a total of  22.00  from holding EDP Renovaveis or generate 1.33% return on investment over 90 days. EDP Renovaveis is generating 0.0448% of daily returns and assumes 2.2228% volatility on return distribution over the 90 days horizon. Simply put, 19% of stocks are less volatile than EDP, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Expected Return   
Assuming the 90 days trading horizon EDP Renovaveis is expected to generate 2.87 times more return on investment than the market. However, the company is 2.87 times more volatile than its market benchmark. It trades about 0.02 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.04 per unit of risk.

EDP Renovaveis Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for EDP Renovaveis' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as EDP Renovaveis, and traders can use it to determine the average amount a EDP Renovaveis' 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 = 0.0201

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Estimated Market Risk

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81% of assets are more volatile

Expected Return

  actual daily
Most of other assets have higher returns

Risk-Adjusted Return

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99% of assets perform better
Based on monthly moving average EDP Renovaveis is performing at about 1% 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 EDP Renovaveis by adding it to a well-diversified portfolio.

EDP Renovaveis Fundamentals Growth

EDP Stock prices reflect investors' perceptions of the future prospects and financial health of EDP Renovaveis, and EDP Renovaveis fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on EDP Stock performance.

About EDP Renovaveis Performance

To evaluate EDP Renovaveis 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 EDP Renovaveis 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 EDP 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 EDP Renovaveis market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents EDP'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.

Things to note about EDP Renovaveis performance evaluation

Checking the ongoing alerts about EDP Renovaveis for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for EDP Renovaveis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
EDP Renovaveis is unlikely to experience financial distress in the next 2 years
About 75.0% of the company shares are held by company insiders
Evaluating EDP Renovaveis' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate EDP Renovaveis' stock performance include:
  • Analyzing EDP Renovaveis' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether EDP Renovaveis' stock is overvalued or undervalued compared to its peers.
  • Examining EDP Renovaveis' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating EDP Renovaveis' management team can have a significant impact on its success or failure. Reviewing the track record and experience of EDP Renovaveis' management team can help you assess the company's leadership.
  • Pay attention to analyst opinions and ratings of EDP Renovaveis' stock. These opinions can provide insight into EDP Renovaveis' potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating EDP Renovaveis' stock performance is not an exact science, and many factors can impact EDP Renovaveis' stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EDP Renovaveis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for EDP Stock analysis

When running EDP Renovaveis' price analysis, check to measure EDP Renovaveis' 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 EDP Renovaveis is operating at the current time. Most of EDP Renovaveis' value examination focuses on studying past and present price action to predict the probability of EDP Renovaveis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Renovaveis' price. Additionally, you may evaluate how the addition of EDP Renovaveis to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between EDP Renovaveis' value and its price as these two are different measures arrived at by different means. Investors typically determine if EDP Renovaveis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EDP Renovaveis' 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.