EDP Energias (Portugal) Market Value
| EDP Stock | EUR 3.52 0.04 1.15% |
| Symbol | EDP |
EDP Energias '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 Energias' 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 Energias.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in EDP Energias on October 27, 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 Energias over 30 days. EDP Energias is related to or competes with Galp Energia, Sonae SGPS, and Banco Comercial. EDP - Energias de Portugal, S.A. engages in the generation, transportation, distribution, and supply of electricity in P... More
EDP Energias 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 Energias' 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 | (0.15) | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.04 |
EDP Energias Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EDP Energias' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EDP Energias' standard deviation. In reality, there are many statistical measures that can use EDP Energias historical prices to predict the future EDP Energias' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.2237 |
EDP Energias Backtested Returns
EDP Energias secures Sharpe Ratio (or Efficiency) of -0.0596, which denotes the company had a -0.0596% return per unit of risk over the last 3 months. EDP Energias exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EDP Energias' Standard Deviation of 1.56, coefficient of variation of (1,508), and Mean Deviation of 1.09 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EDP Energias are expected to decrease at a much lower rate. During the bear market, EDP Energias is likely to outperform the market. At this point, EDP Energias has a negative expected return of -0.0946%. Please make sure to confirm EDP Energias' maximum drawdown, kurtosis, day median price, as well as the relationship between the potential upside and daily balance of power , to decide if EDP Energias performance from the past will be repeated in the future.
Auto-correlation | -0.31 |
Poor reverse predictability
EDP Energias has poor reverse predictability. Overlapping area represents the amount of predictability between EDP Energias time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 -0.31 indicates that nearly 31.0% of current EDP Energias price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
EDP Energias lagged returns against current returns
Autocorrelation, which is EDP Energias 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 Energias' stock expected returns. We can calculate the autocorrelation of EDP Energias returns to help us make a trade decision. For example, suppose you find that EDP Energias 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 |
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EDP Energias 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 Energias stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EDP Energias stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EDP Energias stock over time.
Current vs Lagged Prices |
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EDP Energias Lagged Returns
When evaluating EDP Energias' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EDP Energias stock have on its future price. EDP Energias 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 Energias autocorrelation shows the relationship between EDP Energias 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 |
Thematic Opportunities
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Additional Tools for EDP Stock Analysis
When running EDP Energias' price analysis, check to measure EDP Energias' 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 Energias is operating at the current time. Most of EDP Energias' value examination focuses on studying past and present price action to predict the probability of EDP Energias' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Energias' price. Additionally, you may evaluate how the addition of EDP Energias to your portfolios can decrease your overall portfolio volatility.