Edison International (EIX)
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 63.44% per annum.
- EIX price at the close of March 31, 2025 was $58.92 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 239.22% per annum.
- EIX price at the close of March 31, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 EIX 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: August 29, 2024
End date: March 31, 2025
a = 9.0008
b = -0.0028
s = 0.0992
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0028) – 1
= -63.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0992) – 1
= 48.70%
August 29, 2024 calculations
Top border of price channel:
Exp(Y1,110)
= Exp(a + b × X1,110 + 2 × s)
= Exp(a + b × 1,611 + 2 × s)
= Exp(9.0008 + -0.0028 × 1,611 + 2 × 0.0992)
= Exp(4.7575)
= $116.45
Bottom border of price channel:
Exp(Y1,110)
= Exp(a + b × X1,110 – 2 × s)
= Exp(a + b × 1,611 – 2 × s)
= Exp(9.0008 + -0.0028 × 1,611 – 2 × 0.0992)
= Exp(4.3607)
= $78.31
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(9.0008 + -0.0028 × 1,825 + 2 × 0.0992)
= Exp(4.1675)
= $64.55
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(9.0008 + -0.0028 × 1,825 – 2 × 0.0992)
= Exp(3.7707)
= $43.41
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 63.44% per annum.
- EIX price at the close of March 31, 2025 was $58.92 and was inside the primary price channel.
Secondary Trend
Start date: February 6, 2025
End date: March 31, 2025
a = -2.0178
b = 0.0033
s = 0.0188
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0033) – 1
= 239.22%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0188) – 1
= 7.81%
February 6, 2025 calculations
Top border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 + 2 × s)
= Exp(a + b × 1,772 + 2 × s)
= Exp(-2.0178 + 0.0033 × 1,772 + 2 × 0.0188)
= Exp(3.9499)
= $51.93
Bottom border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 – 2 × s)
= Exp(a + b × 1,772 – 2 × s)
= Exp(-2.0178 + 0.0033 × 1,772 – 2 × 0.0188)
= Exp(3.8747)
= $48.17
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(-2.0178 + 0.0033 × 1,825 + 2 × 0.0188)
= Exp(4.1272)
= $62.01
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-2.0178 + 0.0033 × 1,825 – 2 × 0.0188)
= Exp(4.0520)
= $57.51
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 239.22% per annum.
- EIX price at the close of March 31, 2025 was inside the secondary price channel.