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 169.86% per annum.
- ED price at the close of March 31, 2025 was $110.59 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 239.35% per annum.
- ED price at the close of March 31, 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: January 2, 2025
End date: March 31, 2025
a = -0.2673
b = 0.0027
s = 0.0158
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 169.86%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0158) – 1
= 6.52%
January 2, 2025 calculations
Top border of price channel:
Exp(Y1,196)
= Exp(a + b × X1,196 + 2 × s)
= Exp(a + b × 1,737 + 2 × s)
= Exp(-0.2673 + 0.0027 × 1,737 + 2 × 0.0158)
= Exp(4.4886)
= $88.99
Bottom border of price channel:
Exp(Y1,196)
= Exp(a + b × X1,196 – 2 × s)
= Exp(a + b × 1,737 – 2 × s)
= Exp(-0.2673 + 0.0027 × 1,737 – 2 × 0.0158)
= Exp(4.4254)
= $83.55
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-0.2673 + 0.0027 × 1,825 + 2 × 0.0158)
= Exp(4.7279)
= $113.06
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-0.2673 + 0.0027 × 1,825 – 2 × 0.0158)
= Exp(4.6648)
= $106.14
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 169.86% per annum.
- ED price at the close of March 31, 2025 was $110.59 and was inside the primary price channel.
Secondary Trend
Start date: February 12, 2025
End date: March 31, 2025
a = -1.4002
b = 0.0033
s = 0.0154
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0033) – 1
= 239.35%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0154) – 1
= 6.35%
February 12, 2025 calculations
Top border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 + 2 × s)
= Exp(a + b × 1,778 + 2 × s)
= Exp(-1.4002 + 0.0033 × 1,778 + 2 × 0.0154)
= Exp(4.5826)
= $97.77
Bottom border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 – 2 × s)
= Exp(a + b × 1,778 – 2 × s)
= Exp(-1.4002 + 0.0033 × 1,778 – 2 × 0.0154)
= Exp(4.5211)
= $91.94
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-1.4002 + 0.0033 × 1,825 + 2 × 0.0154)
= Exp(4.7399)
= $114.43
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-1.4002 + 0.0033 × 1,825 – 2 × 0.0154)
= Exp(4.6784)
= $107.60
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 239.35% per annum.
- ED price at the close of March 31, 2025 was inside the secondary price channel.