Consolidated Edison Stock Market Value
| ED Stock | USD 91.26 1.43 1.54% |
| Symbol | Consolidated |
Consolidated Edison Price To Book Ratio
Is Multi-Utilities space 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 0.112 | Dividend Share 3.3 | Earnings Share 5.24 | Revenue Per Share 43.464 | Quarterly Revenue Growth 0.057 |
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.
| 04/21/2024 |
| 12/17/2024 |
If you would invest 0.00 in Consolidated Edison on April 21, 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 240 days. Consolidated Edison is related to or competes with Duke Energy, Dominion Energy, American Electric, Nextera Energy, Southern, Entergy, and Pinnacle West. 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.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 4.57 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.26 |
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 | (0.13) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (1.37) |
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
Consolidated Edison secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Consolidated Edison exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Consolidated Edison's Mean Deviation of 0.8288, standard deviation of 1.04, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. 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. At this point, Consolidated Edison has a negative expected return of -0.18%. Please make sure to confirm Consolidated Edison's total risk alpha, skewness, rate of daily change, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Consolidated Edison performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.48 |
Modest reverse predictability
Consolidated Edison has modest reverse predictability. Overlapping area represents the amount of predictability between Consolidated Edison time series from 21st of April 2024 to 19th of August 2024 and 19th of August 2024 to 17th of December 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 -0.48 indicates that about 48.0% of current Consolidated Edison price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 10.88 |
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 |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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.