Edp Renovveis Sa Stock Market Value
| EDRVY Stock | USD 30.21 0.00 0.00% |
| Symbol | EDP |
EDP Renovveis '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 Renovveis' otc 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 Renovveis.
| 01/21/2025 |
| 01/16/2026 |
If you would invest 0.00 in EDP Renovveis on January 21, 2025 and sell it all today you would earn a total of 0.00 from holding EDP Renovveis SA or generate 0.0% return on investment in EDP Renovveis over 360 days. EDP Renovveis is related to or competes with Capital Power, Capital Power, Huadian Power, Ameren Corp, HK Electric, and Union Electric. EDP Renovveis, S.A., a renewable energy company, plans, constructs, operates, and maintains electric power generation pl... More
EDP Renovveis 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 Renovveis' otc 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 Renovveis SA upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0082 | |||
| Maximum Drawdown | 9.54 |
EDP Renovveis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EDP Renovveis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EDP Renovveis' standard deviation. In reality, there are many statistical measures that can use EDP Renovveis historical prices to predict the future EDP Renovveis' volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 0.1252 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.70) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EDP Renovveis' 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.
EDP Renovveis SA Backtested Returns
At this stage we consider EDP OTC Stock to be very steady. EDP Renovveis SA secures Sharpe Ratio (or Efficiency) of 0.0986, which denotes the company had a 0.0986 % return per unit of risk over the last 3 months. We have found sixteen technical indicators for EDP Renovveis SA, which you can use to evaluate the volatility of the firm. Please confirm EDP Renovveis' Standard Deviation of 1.24, coefficient of variation of 1038.24, and Mean Deviation of 0.3203 to check if the risk estimate we provide is consistent with the expected return of 0.13%. EDP Renovveis has a performance score of 7 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.16, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EDP Renovveis are expected to decrease at a much lower rate. During the bear market, EDP Renovveis is likely to outperform the market. EDP Renovveis SA now shows a risk of 1.27%. Please confirm EDP Renovveis SA information ratio and day median price , to decide if EDP Renovveis SA will be following its price patterns.
Auto-correlation | 0.26 |
Poor predictability
EDP Renovveis SA has poor predictability. Overlapping area represents the amount of predictability between EDP Renovveis time series from 21st of January 2025 to 20th of July 2025 and 20th of July 2025 to 16th of January 2026. 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 Renovveis SA price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current EDP Renovveis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 4.48 |
EDP Renovveis SA lagged returns against current returns
Autocorrelation, which is EDP Renovveis otc 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 Renovveis' otc stock expected returns. We can calculate the autocorrelation of EDP Renovveis returns to help us make a trade decision. For example, suppose you find that EDP Renovveis has exhibited high autocorrelation historically, and you observe that the otc 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 Renovveis 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 Renovveis otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EDP Renovveis otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EDP Renovveis otc stock over time.
Current vs Lagged Prices |
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EDP Renovveis Lagged Returns
When evaluating EDP Renovveis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EDP Renovveis otc stock have on its future price. EDP Renovveis 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 Renovveis autocorrelation shows the relationship between EDP Renovveis otc stock current value and its past values and can show if there is a momentum factor associated with investing in EDP Renovveis SA.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Additional Tools for EDP OTC Stock Analysis
When running EDP Renovveis' price analysis, check to measure EDP Renovveis' 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 Renovveis is operating at the current time. Most of EDP Renovveis' value examination focuses on studying past and present price action to predict the probability of EDP Renovveis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDP Renovveis' price. Additionally, you may evaluate how the addition of EDP Renovveis to your portfolios can decrease your overall portfolio volatility.