EDISON INTL (Germany) Market Value
| EIX Stock | EUR 82.58 1.48 1.82% |
| Symbol | EDISON |
EDISON INTL '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 INTL'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 INTL.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in EDISON INTL on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding EDISON INTL or generate 0.0% return on investment in EDISON INTL over 270 days. EDISON INTL is related to or competes with United Natural, AUSNUTRIA DAIRY, J+J SNACK, Ryanair Holdings, Dairy Farm, and SENECA FOODS-A. More
EDISON INTL 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 INTL'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 INTL upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.0295 | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.82 |
EDISON INTL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EDISON INTL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EDISON INTL's standard deviation. In reality, there are many statistical measures that can use EDISON INTL historical prices to predict the future EDISON INTL's volatility.| Risk Adjusted Performance | 0.1391 | |||
| Jensen Alpha | 0.1072 | |||
| Total Risk Alpha | 0.0095 | |||
| Sortino Ratio | 0.0216 | |||
| Treynor Ratio | 0.451 |
EDISON INTL Backtested Returns
Currently, EDISON INTL is very steady. EDISON INTL secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for EDISON INTL, which you can use to evaluate the volatility of the firm. Please confirm EDISON INTL's mean deviation of 0.5827, and Downside Deviation of 1.18 to check if the risk estimate we provide is consistent with the expected return of 0.16%. EDISON INTL has a performance score of 14 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, EDISON INTL's returns are expected to increase less than the market. However, during the bear market, the loss of holding EDISON INTL is expected to be smaller as well. EDISON INTL at this time shows a risk of 0.87%. Please confirm EDISON INTL information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if EDISON INTL will be following its price patterns.
Auto-correlation | 0.80 |
Very good predictability
EDISON INTL has very good predictability. Overlapping area represents the amount of predictability between EDISON INTL time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 INTL price movement. The serial correlation of 0.8 indicates that around 80.0% of current EDISON INTL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 11.26 |
EDISON INTL lagged returns against current returns
Autocorrelation, which is EDISON INTL 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 INTL's stock expected returns. We can calculate the autocorrelation of EDISON INTL returns to help us make a trade decision. For example, suppose you find that EDISON INTL 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 INTL 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 INTL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EDISON INTL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EDISON INTL stock over time.
Current vs Lagged Prices |
| Timeline |
EDISON INTL Lagged Returns
When evaluating EDISON INTL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EDISON INTL stock have on its future price. EDISON INTL 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 INTL autocorrelation shows the relationship between EDISON INTL stock current value and its past values and can show if there is a momentum factor associated with investing in EDISON INTL.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for EDISON Stock Analysis
When running EDISON INTL's price analysis, check to measure EDISON INTL's 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 EDISON INTL is operating at the current time. Most of EDISON INTL's value examination focuses on studying past and present price action to predict the probability of EDISON INTL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EDISON INTL's price. Additionally, you may evaluate how the addition of EDISON INTL to your portfolios can decrease your overall portfolio volatility.