Empresa Distribuidora Y Stock Market Value
| EDN Stock | USD 35.91 0.73 1.99% |
| Symbol | Empresa |
Empresa Distribuidora Price To Book Ratio
Is Electric 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 Empresa Distribuidora. If investors know Empresa 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 Empresa Distribuidora 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 (0.71) | Earnings Share 2.74 | Revenue Per Share 21.6 K | Quarterly Revenue Growth 7.754 | Return On Assets 0.0096 |
The market value of Empresa Distribuidora is measured differently than its book value, which is the value of Empresa that is recorded on the company's balance sheet. Investors also form their own opinion of Empresa Distribuidora's value that differs from its market value or its book value, called intrinsic value, which is Empresa Distribuidora'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 Empresa Distribuidora's market value can be influenced by many factors that don't directly affect Empresa Distribuidora'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 Empresa Distribuidora's value and its price as these two are different measures arrived at by different means. Investors typically determine if Empresa Distribuidora is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Empresa Distribuidora'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.
Empresa Distribuidora '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 Empresa Distribuidora'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 Empresa Distribuidora.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Empresa Distribuidora on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Empresa Distribuidora y or generate 0.0% return on investment in Empresa Distribuidora over 30 days. Empresa Distribuidora is related to or competes with Centrais Electricas, Enel Chile, Korea Electric, Genie Energy, Entergy Texas, IDACORP, and MGE Energy. Empresa Distribuidora y Comercializadora Norte Sociedad Annima engages in the distribution and sale of electricity in Ar... More
Empresa Distribuidora 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 Empresa Distribuidora'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 Empresa Distribuidora y upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.11 | |||
| Information Ratio | 0.3296 | |||
| Maximum Drawdown | 10.19 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 6.94 |
Empresa Distribuidora Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empresa Distribuidora's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empresa Distribuidora's standard deviation. In reality, there are many statistical measures that can use Empresa Distribuidora historical prices to predict the future Empresa Distribuidora's volatility.| Risk Adjusted Performance | 0.2806 | |||
| Jensen Alpha | 1.01 | |||
| Total Risk Alpha | 0.7106 | |||
| Sortino Ratio | 0.451 | |||
| Treynor Ratio | 3.31 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Empresa Distribuidora'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.
Empresa Distribuidora Backtested Returns
Empresa Distribuidora is not too volatile given 3 months investment horizon. Empresa Distribuidora secures Sharpe Ratio (or Efficiency) of 0.41, which denotes the company had a 0.41% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Empresa Distribuidora Mean Deviation of 2.34, coefficient of variation of 275.77, and Downside Deviation of 2.11 to evaluate company specific risk that cannot be diversified away. Empresa Distribuidora holds a performance score of 31 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.31, which means possible diversification benefits within a given portfolio. As returns on the market increase, Empresa Distribuidora's returns are expected to increase less than the market. However, during the bear market, the loss of holding Empresa Distribuidora is expected to be smaller as well. Use Empresa Distribuidora treynor ratio, kurtosis, relative strength index, as well as the relationship between the downside variance and day median price , to analyze future returns on Empresa Distribuidora.
Auto-correlation | 0.92 |
Excellent predictability
Empresa Distribuidora y has excellent predictability. Overlapping area represents the amount of predictability between Empresa Distribuidora time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Empresa Distribuidora price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Empresa Distribuidora price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 3.99 |
Empresa Distribuidora lagged returns against current returns
Autocorrelation, which is Empresa Distribuidora 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 Empresa Distribuidora's stock expected returns. We can calculate the autocorrelation of Empresa Distribuidora returns to help us make a trade decision. For example, suppose you find that Empresa Distribuidora 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 |
Empresa Distribuidora 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 Empresa Distribuidora stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empresa Distribuidora stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empresa Distribuidora stock over time.
Current vs Lagged Prices |
| Timeline |
Empresa Distribuidora Lagged Returns
When evaluating Empresa Distribuidora's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empresa Distribuidora stock have on its future price. Empresa Distribuidora 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, Empresa Distribuidora autocorrelation shows the relationship between Empresa Distribuidora stock current value and its past values and can show if there is a momentum factor associated with investing in Empresa Distribuidora y.
Regressed Prices |
| Timeline |
Pair Trading with Empresa Distribuidora
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 Empresa Distribuidora 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 Empresa Distribuidora will appreciate offsetting losses from the drop in the long position's value.Moving against Empresa Stock
| 0.84 | EBR | Centrais Electricas | PairCorr |
| 0.77 | ES | Eversource Energy | PairCorr |
| 0.74 | FE | FirstEnergy | PairCorr |
| 0.56 | ED | Consolidated Edison | PairCorr |
| 0.5 | AEP | American Electric Power | PairCorr |
The ability to find closely correlated positions to Empresa Distribuidora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empresa Distribuidora 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 Empresa Distribuidora - 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 Empresa Distribuidora y to buy it.
The correlation of Empresa Distribuidora 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 Empresa Distribuidora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empresa Distribuidora 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 Empresa Distribuidora 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 Empresa Distribuidora Correlation, Empresa Distribuidora Volatility and Empresa Distribuidora Alpha and Beta module to complement your research on Empresa Distribuidora. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Empresa Distribuidora 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.