Consolidated Edison Stock Beta

ED Stock

USD 92.93 1.18 1.25%

Consolidated Edison fundamentals help investors to digest information that contributes to Consolidated Edison's financial success or failures. It also enables traders to predict the movement of Consolidated Stock. The fundamental analysis module provides a way to measure Consolidated Edison's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Consolidated Edison stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Consolidated Edison Company Beta Analysis

Consolidated Edison's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Consolidated Edison Beta

0.35

Most of Consolidated Edison's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Consolidated Edison is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Consolidated Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Consolidated Edison is extremely important. It helps to project a fair market value of Consolidated Stock properly, considering its historical fundamentals such as Beta. Since Consolidated Edison's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Consolidated Edison's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Consolidated Edison's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Long Term Debt	Treasury Stock	Intangible Assets	Property Plant Equipment	Good Will	Short Term Investments	Total Permanent Equity	Deferred Long Term Liab	Net Tangible Assets	Long Term Debt Total	Long Term Investments	Short Long Term Debt	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.77	0.97	0.98	0.92	0.66	1.0	0.74	0.84	-0.68	-0.4	0.94	0.04	0.33	0.97	-0.68	0.49	0.66	0.56	0.48	0.81	0.39	0.72	0.77	0.69	0.66	0.34	0.46
Total Stockholder Equity	0.77		0.85	0.77	0.64	0.62	0.73	0.39	0.58	-0.36	-0.23	0.87	0.32	0.5	0.83	-0.36	0.61	0.58	0.67	0.32	0.85	0.32	0.63	0.83	0.74	0.76	0.21	0.63
Net Debt	0.97	0.85		0.95	0.86	0.65	0.95	0.65	0.85	-0.54	-0.3	0.99	0.08	0.52	0.98	-0.54	0.65	0.73	0.63	0.46	0.9	0.47	0.81	0.85	0.73	0.75	0.29	0.5
Retained Earnings	0.98	0.77	0.95		0.9	0.68	0.97	0.66	0.81	-0.68	-0.35	0.94	0.16	0.3	0.99	-0.68	0.46	0.7	0.53	0.58	0.82	0.46	0.7	0.78	0.69	0.65	0.3	0.52
Accounts Payable	0.92	0.64	0.86	0.9		0.77	0.92	0.85	0.73	-0.63	-0.38	0.85	0.19	0.06	0.88	-0.63	0.24	0.62	0.65	0.54	0.77	0.22	0.67	0.8	0.76	0.7	0.59	0.59
Net Receivables	0.66	0.62	0.65	0.68	0.77		0.65	0.59	0.49	-0.57	-0.5	0.7	0.53	-0.02	0.69	-0.57	0.19	0.66	0.82	0.47	0.76	0.16	0.58	0.81	0.79	0.86	0.64	0.85
Total Liab	1.0	0.73	0.95	0.97	0.92	0.65		0.74	0.83	-0.72	-0.44	0.92	0.01	0.3	0.95	-0.72	0.46	0.63	0.54	0.45	0.77	0.37	0.69	0.73	0.66	0.63	0.32	0.42
Total Current Assets	0.74	0.39	0.65	0.66	0.85	0.59	0.74		0.66	-0.36	-0.15	0.63	0.04	-0.06	0.64	-0.36	0.1	0.4	0.54	0.52	0.58	-0.04	0.59	0.65	0.67	0.61	0.74	0.43
Short Term Debt	0.84	0.58	0.85	0.81	0.73	0.49	0.83	0.66		-0.48	-0.24	0.79	-0.08	0.5	0.82	-0.49	0.66	0.54	0.52	0.43	0.68	0.46	0.85	0.64	0.65	0.61	0.12	0.29
Common Stock	-0.68	-0.36	-0.54	-0.68	-0.63	-0.57	-0.72	-0.36	-0.48		0.85	-0.51	0.11	0.02	-0.6	1.0	-0.17	-0.37	-0.2	-0.2	-0.31	-0.31	-0.28	-0.25	-0.2	-0.23	-0.09	-0.17
Current Deferred Revenue	-0.4	-0.23	-0.3	-0.35	-0.38	-0.5	-0.44	-0.15	-0.24	0.85		-0.29	0.25	-0.03	-0.31	0.85	-0.19	-0.19	-0.23	0.21	-0.15	-0.15	-0.14	-0.1	-0.03	-0.19	-0.03	-0.04
Long Term Debt	0.94	0.87	0.99	0.94	0.85	0.7	0.92	0.63	0.79	-0.51	-0.29		0.16	0.49	0.98	-0.51	0.61	0.78	0.67	0.47	0.94	0.47	0.8	0.89	0.75	0.8	0.35	0.57
Treasury Stock	0.04	0.32	0.08	0.16	0.19	0.53	0.01	0.04	-0.08	0.11	0.25	0.16		-0.29	0.17	0.11	-0.2	0.28	0.45	0.55	0.37	-0.1	0.12	0.49	0.59	0.47	0.38	0.85
Intangible Assets	0.33	0.5	0.52	0.3	0.06	-0.02	0.3	-0.06	0.5	0.02	-0.03	0.49	-0.29		0.4	0.02	0.96	0.36	0.18	-0.08	0.47	0.5	0.58	0.33	0.17	0.35	-0.4	-0.08
Property Plant Equipment	0.97	0.83	0.98	0.99	0.88	0.69	0.95	0.64	0.82	-0.6	-0.31	0.98	0.17	0.4		-0.6	0.56	0.73	0.6	0.53	0.88	0.46	0.75	0.84	0.73	0.72	0.31	0.55
Good Will	-0.68	-0.36	-0.54	-0.68	-0.63	-0.57	-0.72	-0.36	-0.49	1.0	0.85	-0.51	0.11	0.02	-0.6		-0.17	-0.37	-0.21	-0.2	-0.31	-0.31	-0.28	-0.26	-0.21	-0.24	-0.09	-0.17
Short Term Investments	0.49	0.61	0.65	0.46	0.24	0.19	0.46	0.1	0.66	-0.17	-0.19	0.61	-0.2	0.96	0.56	-0.17		0.44	0.33	0.02	0.58	0.5	0.69	0.46	0.33	0.49	-0.3	0.07
Total Permanent Equity	0.66	0.58	0.73	0.7	0.62	0.66	0.63	0.4	0.54	-0.37	-0.19	0.78	0.28	0.36	0.73	-0.37	0.44		0.6	0.54	0.83	0.71	0.76	0.75	0.63	0.71	0.29	0.56
Deferred Long Term Liab	0.56	0.67	0.63	0.53	0.65	0.82	0.54	0.54	0.52	-0.2	-0.23	0.67	0.45	0.18	0.6	-0.21	0.33	0.6		0.22	0.8	0.17	0.68	0.84	0.88	0.9	0.54	0.78
Net Tangible Assets	0.48	0.32	0.46	0.58	0.54	0.47	0.45	0.52	0.43	-0.2	0.21	0.47	0.55	-0.08	0.53	-0.2	0.02	0.54	0.22		0.52	0.3	0.52	0.59	0.59	0.47	0.42	0.59
Long Term Debt Total	0.81	0.85	0.9	0.82	0.77	0.76	0.77	0.58	0.68	-0.31	-0.15	0.94	0.37	0.47	0.88	-0.31	0.58	0.83	0.8	0.52		0.45	0.83	0.97	0.85	0.92	0.45	0.74
Long Term Investments	0.39	0.32	0.47	0.46	0.22	0.16	0.37	-0.04	0.46	-0.31	-0.15	0.47	-0.1	0.5	0.46	-0.31	0.5	0.71	0.17	0.3	0.45		0.61	0.29	0.19	0.23	-0.31	0.04
Short Long Term Debt	0.72	0.63	0.81	0.7	0.67	0.58	0.69	0.59	0.85	-0.28	-0.14	0.8	0.12	0.58	0.75	-0.28	0.69	0.76	0.68	0.52	0.83	0.61		0.8	0.77	0.8	0.22	0.47
Capital Surpluse	0.77	0.83	0.85	0.78	0.8	0.81	0.73	0.65	0.64	-0.25	-0.1	0.89	0.49	0.33	0.84	-0.26	0.46	0.75	0.84	0.59	0.97	0.29	0.8		0.93	0.96	0.58	0.84
Cash And Equivalents	0.69	0.74	0.73	0.69	0.76	0.79	0.66	0.67	0.65	-0.2	-0.03	0.75	0.59	0.17	0.73	-0.21	0.33	0.63	0.88	0.59	0.85	0.19	0.77	0.93		0.9	0.54	0.86
Net Invested Capital	0.66	0.76	0.75	0.65	0.7	0.86	0.63	0.61	0.61	-0.23	-0.19	0.8	0.47	0.35	0.72	-0.24	0.49	0.71	0.9	0.47	0.92	0.23	0.8	0.96	0.9		0.58	0.83
Net Working Capital	0.34	0.21	0.29	0.3	0.59	0.64	0.32	0.74	0.12	-0.09	-0.03	0.35	0.38	-0.4	0.31	-0.09	-0.3	0.29	0.54	0.42	0.45	-0.31	0.22	0.58	0.54	0.58		0.64
Capital Stock	0.46	0.63	0.5	0.52	0.59	0.85	0.42	0.43	0.29	-0.17	-0.04	0.57	0.85	-0.08	0.55	-0.17	0.07	0.56	0.78	0.59	0.74	0.04	0.47	0.84	0.86	0.83	0.64

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Consolidated Edison

In accordance with the recently published financial statements, Consolidated Edison has a Beta of 0.353. This is 21.56% lower than that of the Multi-Utilities sector and significantly higher than that of the Utilities industry. The beta for all United States stocks is notably lower than that of the firm.

Consolidated Edison ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Consolidated Edison's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Consolidated Edison's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Consolidated Edison Institutional Holders

Institutional Holdings refers to the ownership stake in Consolidated Edison that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Consolidated Edison's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Consolidated Edison's value.

		Shares
Bank Of New York Mellon Corp	2023-12-31	2.6 M
Amundi	2023-12-31	2.4 M
California Public Employees Retrmnt Sys	2023-12-31	2.1 M
Goldman Sachs Group Inc	2023-12-31	2.1 M
Charles Schwab Investment Management Inc	2023-12-31	2 M
Proshare Advisors Llc	2023-12-31	1.9 M
Jpmorgan Chase & Co	2023-12-31	1.8 M
Cohen & Steers Inc	2023-12-31	1.7 M
Nuveen Asset Management, Llc	2023-12-31	1.6 M
Vanguard Group Inc	2023-12-31	41.8 M
Blackrock Inc	2023-12-31	35.7 M

As returns on the market increase, Consolidated Edison's returns are expected to increase less than the market. However, during the bear market, the loss of holding Consolidated Edison is expected to be smaller as well.

Consolidated Fundamentals

	Return On Equity	0.12
	Return On Asset	0.0284
	Profit Margin	0.17 %
	Operating Margin	0.35 %
	Current Valuation	55.93 B
	Shares Outstanding	345.72 M
	Shares Owned By Insiders	0.17 %
	Shares Owned By Institutions	68.13 %
	Number Of Shares Shorted	6.19 M
	Price To Earning	20.35 X
	Price To Book	1.45 X
	Price To Sales	2.09 X
	Revenue	14.66 B
	Gross Profit	7.68 B
	EBITDA	5.1 B
	Net Income	2.52 B
	Cash And Equivalents	1.28 B
	Cash Per Share	0.28 X
	Total Debt	25.01 B
	Debt To Equity	1.24 %
	Current Ratio	0.83 X
	Book Value Per Share	61.25 X
	Cash Flow From Operations	2.16 B
	Short Ratio	3.60 X
	Earnings Per Share	7.21 X
	Price To Earnings To Growth	2.55 X
	Target Price	89.42
	Number Of Employees	14.59 K
	Beta	0.35
	Market Capitalization	32.13 B
	Total Asset	66.33 B
	Retained Earnings	13.38 B
	Working Capital	75 M
	Current Asset	3.84 B
	Current Liabilities	4.72 B
	Annual Yield	0.04 %
	Five Year Return	3.68 %
	Net Asset	66.33 B
	Last Dividend Paid	3.24

About Consolidated Edison Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Consolidated Edison's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Consolidated Edison using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Consolidated Edison based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Consolidated Edison Investors Sentiment

The influence of Consolidated Edison's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Consolidated. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Consolidated Edison's public news can be used to forecast risks associated with an investment in Consolidated. The trend in average sentiment can be used to explain how an investor holding Consolidated can time the market purely based on public headlines and social activities around Consolidated Edison. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Consolidated Edison's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Consolidated Edison's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Consolidated Edison's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Consolidated Edison.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Consolidated Edison in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Consolidated Edison's short interest history, or implied volatility extrapolated from Consolidated Edison options trading.

Pair Trading with Consolidated Edison

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Consolidated Edison position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Consolidated Edison will appreciate offsetting losses from the drop in the long position's value.

Moving together with Consolidated Stock

0.64

Dominion Energy Financial Report 3rd of May 2024

Pair Corr

Moving against Consolidated Stock

0.63	EBR	Centrais Electricas Financial Report 2nd of May 2024	Pair Corr
0.41	HE	Hawaiian Electric Downward Rally	Pair Corr

The ability to find closely correlated positions to Consolidated Edison could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Consolidated Edison when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Consolidated Edison - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Consolidated Edison to buy it.

The correlation of Consolidated Edison is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Consolidated Edison moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consolidated Edison moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Consolidated Edison can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Consolidated Edison is a strong investment it is important to analyze Consolidated Edison's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Consolidated Edison's future performance. For an informed investment choice regarding Consolidated Stock, refer to the following important reports:

How To Invest In Consolidated

Details

Is Consolidated Stock a good investment?

Details

What is Consolidated Edison's Net Worth?

Details

Largest Multi-Utilities Companies

View

Largest Utilities - Regulated Electric Companies

View

Check out Consolidated Edison Piotroski F Score and Consolidated Edison Altman Z Score analysis.

For information on how to trade Consolidated Stock refer to our How to Trade Consolidated Stock guide.

Note that the Consolidated Edison information on this page should be used as a complementary analysis to other Consolidated Edison's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for Consolidated Stock analysis

When running Consolidated Edison's price analysis, check to measure Consolidated Edison's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Consolidated Edison is operating at the current time. Most of Consolidated Edison's value examination focuses on studying past and present price action to predict the probability of Consolidated Edison's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Consolidated Edison's price. Additionally, you may evaluate how the addition of Consolidated Edison to your portfolios can decrease your overall portfolio volatility.

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Is Consolidated Edison's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Consolidated Edison. If investors know Consolidated will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Consolidated Edison listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.821

Dividend Share

3.24

Earnings Share

7.21

Revenue Per Share

42.171

Quarterly Revenue Growth

(0.15)

The market value of Consolidated Edison is measured differently than its book value, which is the value of Consolidated that is recorded on the company's balance sheet. Investors also form their own opinion of Consolidated Edison's value that differs from its market value or its book value, called intrinsic value, which is Consolidated Edison's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Consolidated Edison's market value can be influenced by many factors that don't directly affect Consolidated Edison's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Consolidated Edison's value and its price as these two are different measures arrived at by different means. Investors typically determine if Consolidated Edison is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consolidated Edison's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Consolidated Edison Stock Beta

Consolidated Edison Company Beta Analysis

Beta

Covariance

Variance

Current Consolidated Edison Beta

Consolidated Beta Driver Correlations

Consolidated Edison ESG Sustainability

Consolidated Edison Institutional Holders

Consolidated Fundamentals

About Consolidated Edison Fundamental Analysis

Consolidated Edison Investors Sentiment

Pair Trading with Consolidated Edison

Moving together with Consolidated Stock

Moving against Consolidated Stock

Complementary Tools for Consolidated Stock analysis

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