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 169.54% per annum.
  • ED price at the close of April 2, 2025 was $109.58 and was inside the primary price channel.
  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 224.02% per annum.
  • ED price at the close of April 2, 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: April 2, 2025

a = -0.2561

b = 0.0027

s = 0.0155

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 169.54%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0155) – 1
= 6.41%

January 2, 2025 calculations

Top border of price channel:

Exp(Y1,194)
= Exp(a + b × X1,194 + 2 × s)
= Exp(a + b × 1,735 + 2 × s)
= Exp(-0.2561 + 0.0027 × 1,735 + 2 × 0.0155)
= Exp(4.4882)
= $88.96

Bottom border of price channel:

Exp(Y1,194)
= Exp(a + b × X1,194 – 2 × s)
= Exp(a + b × 1,735 – 2 × s)
= Exp(-0.2561 + 0.0027 × 1,735 – 2 × 0.0155)
= Exp(4.4260)
= $83.60

April 2, 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(-0.2561 + 0.0027 × 1,825 + 2 × 0.0155)
= Exp(4.7327)
= $113.60

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-0.2561 + 0.0027 × 1,825 – 2 × 0.0155)
= Exp(4.6705)
= $106.75

Description

  • The primary trend is increasing.
  • The growth rate of the primary trend is 169.54% per annum.
  • ED price at the close of April 2, 2025 was $109.58 and was inside the primary price channel.

Secondary Trend

Start date: February 11, 2025
End date: April 2, 2025

a = -1.1660

b = 0.0032

s = 0.0151

Annual growth rate:

Exp(365 × b) – 1
= Exp(365 × 0.0032) – 1
= 224.02%

Price channel spread:

Exp(4 × s) – 1
= Exp(4 × 0.0151) – 1
= 6.25%

February 11, 2025 calculations

Top border of price channel:

Exp(Y1,220)
= Exp(a + b × X1,220 + 2 × s)
= Exp(a + b × 1,775 + 2 × s)
= Exp(-1.1660 + 0.0032 × 1,775 + 2 × 0.0151)
= Exp(4.5814)
= $97.65

Bottom border of price channel:

Exp(Y1,220)
= Exp(a + b × X1,220 – 2 × s)
= Exp(a + b × 1,775 – 2 × s)
= Exp(-1.1660 + 0.0032 × 1,775 – 2 × 0.0151)
= Exp(4.5208)
= $91.91

April 2, 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(-1.1660 + 0.0032 × 1,825 + 2 × 0.0151)
= Exp(4.7425)
= $114.72

Bottom border of price channel:

Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-1.1660 + 0.0032 × 1,825 – 2 × 0.0151)
= Exp(4.6819)
= $107.97

Description

  • The secondary trend is increasing.
  • The growth rate of the secondary trend is 224.02% per annum.
  • ED price at the close of April 2, 2025 was inside the secondary price channel.