EDP - (Germany) Market Value
| EDP Stock | EUR 3.40 0.08 2.30% |
| Symbol | EDP |
EDP - '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 EDP -'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 EDP -.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in EDP - on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding EDP Energias or generate 0.0% return on investment in EDP - over 180 days. EDP - is related to or competes with JAPAN AIRLINES, China BlueChemical, Aegean Airlines, Singapore Airlines, and WESTLAKE CHEMICAL. More
EDP - 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 EDP -'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 EDP Energias upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 9.48 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 2.67 |
EDP - Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EDP -'s investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EDP -'s standard deviation. In reality, there are many statistical measures that can use EDP - historical prices to predict the future EDP -'s volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.50) |
EDP Energias Backtested Returns
EDP Energias secures Sharpe Ratio (or Efficiency) of -0.0806, which denotes the company had a -0.0806% return per unit of risk over the last 3 months. EDP Energias exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EDP -'s Standard Deviation of 1.7, coefficient of variation of (1,494), and Mean Deviation of 1.24 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which means not very significant fluctuations relative to the market. As returns on the market increase, EDP -'s returns are expected to increase less than the market. However, during the bear market, the loss of holding EDP - is expected to be smaller as well. At this point, EDP Energias has a negative expected return of -0.14%. Please make sure to confirm EDP -'s treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if EDP Energias performance from the past will be repeated in the future.
Auto-correlation | -0.56 |
Good reverse predictability
EDP Energias has good reverse predictability. Overlapping area represents the amount of predictability between EDP - time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 EDP Energias price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current EDP - price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
EDP Energias lagged returns against current returns
Autocorrelation, which is EDP - 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 EDP -'s stock expected returns. We can calculate the autocorrelation of EDP - returns to help us make a trade decision. For example, suppose you find that EDP - 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 |
EDP - 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 EDP - stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EDP - stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EDP - stock over time.
Current vs Lagged Prices |
| Timeline |
EDP - Lagged Returns
When evaluating EDP -'s market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EDP - stock have on its future price. EDP - 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, EDP - autocorrelation shows the relationship between EDP - stock current value and its past values and can show if there is a momentum factor associated with investing in EDP Energias.
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.Other Information on Investing in EDP Stock
EDP - financial ratios help investors to determine whether EDP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EDP with respect to the benefits of owning EDP - security.