Consolidated Edison Inc (ED)
Consolidated Edison, Inc., commonly known as Con Edison (stylized as conEdison) or ConEd, is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $48 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 142.15% per annum.
- ED price at the close of April 24, 2025 was $111.29 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 52.82% per annum.
- ED price at the close of April 24, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of ED price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: December 30, 2024
End date: April 24, 2025
a = 0.3227
b = 0.0024
s = 0.0189
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 142.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0189) – 1
= 7.86%
December 30, 2024 calculations
Top border of price channel:
Exp(Y1,177)
= Exp(a + b × X1,177 + 2 × s)
= Exp(a + b × 1,708 + 2 × s)
= Exp(0.3227 + 0.0024 × 1,708 + 2 × 0.0189)
= Exp(4.4988)
= $89.91
Bottom border of price channel:
Exp(Y1,177)
= Exp(a + b × X1,177 – 2 × s)
= Exp(a + b × 1,708 – 2 × s)
= Exp(0.3227 + 0.0024 × 1,708 – 2 × 0.0189)
= Exp(4.4232)
= $83.36
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(0.3227 + 0.0024 × 1,823 + 2 × 0.0189)
= Exp(4.7775)
= $118.81
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(0.3227 + 0.0024 × 1,823 – 2 × 0.0189)
= Exp(4.7019)
= $110.15
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 142.15% per annum.
- ED price at the close of April 24, 2025 was $111.29 and was inside the primary price channel.
Secondary Trend
Start date: March 14, 2025
End date: April 24, 2025
a = 2.5979
b = 0.0012
s = 0.0168
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 52.82%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0168) – 1
= 6.95%
March 14, 2025 calculations
Top border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 + 2 × s)
= Exp(a + b × 1,782 + 2 × s)
= Exp(2.5979 + 0.0012 × 1,782 + 2 × 0.0168)
= Exp(4.7021)
= $110.18
Bottom border of price channel:
Exp(Y1,227)
= Exp(a + b × X1,227 – 2 × s)
= Exp(a + b × 1,782 – 2 × s)
= Exp(2.5979 + 0.0012 × 1,782 – 2 × 0.0168)
= Exp(4.6350)
= $103.02
April 24, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(2.5979 + 0.0012 × 1,823 + 2 × 0.0168)
= Exp(4.7498)
= $115.56
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(2.5979 + 0.0012 × 1,823 – 2 × 0.0168)
= Exp(4.6826)
= $108.05
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 52.82% per annum.
- ED price at the close of April 24, 2025 was inside the secondary price channel.