Edison International (Germany) Market Value
| EIX Stock | EUR 82.94 0.16 0.19% |
| Symbol | Edison |
Edison International '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 Edison International'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 Edison International.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Edison International on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Edison International or generate 0.0% return on investment in Edison International over 660 days. Edison International is related to or competes with Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity... More
Edison International 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 Edison International'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 Edison International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | 0.0199 | |||
| Maximum Drawdown | 5.64 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 2.37 |
Edison International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edison International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edison International's standard deviation. In reality, there are many statistical measures that can use Edison International historical prices to predict the future Edison International's volatility.| Risk Adjusted Performance | 0.0985 | |||
| Jensen Alpha | 0.1428 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0211 | |||
| Treynor Ratio | 5.57 |
Edison International Backtested Returns
At this point, Edison International is very steady. Edison International secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Edison International, which you can use to evaluate the volatility of the firm. Please confirm Edison International's Downside Deviation of 1.19, mean deviation of 0.9827, and Coefficient Of Variation of 811.28 to check if the risk estimate we provide is consistent with the expected return of 0.15%. Edison International has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0262, which means not very significant fluctuations relative to the market. As returns on the market increase, Edison International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edison International is expected to be smaller as well. Edison International right now shows a risk of 1.28%. Please confirm Edison International coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if Edison International will be following its price patterns.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Edison International has insignificant reverse predictability. Overlapping area represents the amount of predictability between Edison International time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Edison International price movement. The serial correlation of -0.16 indicates that over 16.0% of current Edison International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 45.66 |
Edison International lagged returns against current returns
Autocorrelation, which is Edison International 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 Edison International's stock expected returns. We can calculate the autocorrelation of Edison International returns to help us make a trade decision. For example, suppose you find that Edison International 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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Edison International 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 Edison International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edison International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edison International stock over time.
Current vs Lagged Prices |
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Edison International Lagged Returns
When evaluating Edison International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edison International stock have on its future price. Edison International 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, Edison International autocorrelation shows the relationship between Edison International stock current value and its past values and can show if there is a momentum factor associated with investing in Edison International.
Regressed Prices |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Edison Stock
When determining whether Edison International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Edison International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Edison International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Edison International Stock:Check out Edison International Correlation, Edison International Volatility and Edison International Alpha and Beta module to complement your research on Edison International. For more detail on how to invest in Edison Stock please use our How to Invest in Edison International guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Edison International 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.