Stock Price Trends

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.