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Volatility Analysis for Consolidated Edison, Inc.

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Daily Volatility = Price Range as a percent of the daily average price. of Consolidated Edison, Inc.

This chart shows Volatility for Consolidated Edison, Inc., defined to be the price range as a portion of the average price:

So, to derive the Daily Volatility on 3/11/2010 of 1%, the price range for the day (0.46) was divided by the average price (43.69). The Daily Volatility is obtained by dividing the daily range by the daily average. A longer Volatility period such as Weekly Volatility is obtained by dividing the weekly price range by the weekly mean price. This is a different concept from the weekly average of daily volatility.

For reference, the price is plotted in red. The remaining marks on the plot correspond to the Volatility measured across several time intervals.

According to academic theory, Volatility is exactly equal to Risk. But investors often make a distinction between these two concepts. The different character of Volatility as seen in different time frames, lends some support to the investor's view. During 30 years, the Average Quarterly Volatility of ED stock price has been 14% while the Average Daily Volatility has been 2%.



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ED: Volatility Curve

You may be familiar with the "yield curve" which shows how interest bearing yields vary according to term. Each Volatility Curve is a snapshot in time. As the timespan across which Volatility is measured increases, the Volatility is expected to increase. However, as seen in this plot of the ED Volatility Curve, the increase is not constant.



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Daily Volatility Histogram of Consolidated Edison, Inc.

This histogram is a frequency distribution of Daily Volatility, corresponding to the green points on the first chart on this page.



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Quarterly Volatility Histogram of Consolidated Edison, Inc.

Similarly, the purple points on the top chart, the Quarterly Volatility Values, are subjected to frequency distribution here.

For Subscribers: Refined Analysis of Consolidated Edison, Inc. Volatility and Risk Behavior

Refined Volatility Risk Analysis for ED :

Companies in the News:

In the news, Friday, March 12, 2010: An unfavorable condition has developed with Convergys Corporation, ticker symbol CVG. Also, there are breaking events concerning ConAgra Foods, Inc. (CAG) and Pre-Paid Legal (PPD)

More ED Technical Analysis Topics

ED Price Predictions

Support and Resistance Levels

Politics and Prices of ED

Japanese Candlestick Analysis

Momentum Investing Indicators

ED Classical Analysis of Time Series

ED Historical Volume

ED Seasonal Trends

Back to ED Table of Contents


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