EDP Renováveis (Germany) Market Value
| EDW Stock | EUR 11.04 0.01 0.09% |
| Symbol | EDP |
EDP Renováveis '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 Renováveis' 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 Renováveis.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in EDP Renováveis on September 27, 2024 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 Renováveis over 60 days. EDP Renováveis is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, and Identiv. EDP Renovveis, S.A., a renewable energy company, plans, constructs, and maintains electricity production facilities prim... More
EDP Renováveis 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 Renováveis' 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 | (0.21) | |||
| Maximum Drawdown | 14.51 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 3.09 |
EDP Renováveis Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EDP Renováveis' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EDP Renováveis' standard deviation. In reality, there are many statistical measures that can use EDP Renováveis historical prices to predict the future EDP Renováveis' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | 3.49 |
EDP Renovveis SA Backtested Returns
EDP Renovveis SA secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had a -0.13% return per unit of risk over the last 3 months. EDP Renovveis SA exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EDP Renováveis' Standard Deviation of 2.43, coefficient of variation of (645.78), and Mean Deviation of 1.85 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EDP Renováveis are expected to decrease at a much lower rate. During the bear market, EDP Renováveis is likely to outperform the market. At this point, EDP Renovveis SA has a negative expected return of -0.33%. Please make sure to confirm EDP Renováveis' kurtosis, day typical price, and the relationship between the potential upside and rate of daily change , to decide if EDP Renovveis SA performance from the past will be repeated in the future.
Auto-correlation | 0.80 |
Very good predictability
EDP Renovveis SA has very good predictability. Overlapping area represents the amount of predictability between EDP Renováveis time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Renovveis SA price movement. The serial correlation of 0.8 indicates that around 80.0% of current EDP Renováveis price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
EDP Renovveis SA lagged returns against current returns
Autocorrelation, which is EDP Renováveis 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 Renováveis' stock expected returns. We can calculate the autocorrelation of EDP Renováveis returns to help us make a trade decision. For example, suppose you find that EDP Renováveis 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 Renováveis 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 Renováveis stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EDP Renováveis stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EDP Renováveis stock over time.
Current vs Lagged Prices |
| Timeline |
EDP Renováveis Lagged Returns
When evaluating EDP Renováveis' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EDP Renováveis stock have on its future price. EDP Renováveis 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 Renováveis autocorrelation shows the relationship between EDP Renováveis 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in EDP Stock
EDP Renováveis 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 Renováveis security.