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 55.88% per annum.
- EIX price at the close of May 7, 2025 was $55.75 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 60.15% per annum.
- EIX price at the close of May 7, 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 19, 2024
End date: May 7, 2025
a = 8.0221
b = -0.0022
s = 0.1002
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0022) – 1
= -55.88%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1002) – 1
= 49.31%
August 19, 2024 calculations
Top border of price channel:
Exp(Y1,076)
= Exp(a + b × X1,076 + 2 × s)
= Exp(a + b × 1,564 + 2 × s)
= Exp(8.0221 + -0.0022 × 1,564 + 2 × 0.1002)
= Exp(4.7164)
= $111.77
Bottom border of price channel:
Exp(Y1,076)
= Exp(a + b × X1,076 – 2 × s)
= Exp(a + b × 1,564 – 2 × s)
= Exp(8.0221 + -0.0022 × 1,564 – 2 × 0.1002)
= Exp(4.3155)
= $74.85
May 7, 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(8.0221 + -0.0022 × 1,825 + 2 × 0.1002)
= Exp(4.1313)
= $62.26
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(8.0221 + -0.0022 × 1,825 – 2 × 0.1002)
= Exp(3.7304)
= $41.70
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 55.88% per annum.
- EIX price at the close of May 7, 2025 was $55.75 and was inside the primary price channel.
Secondary Trend
Start date: January 30, 2025
End date: May 7, 2025
a = 1.7081
b = 0.0013
s = 0.0366
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0013) – 1
= 60.15%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0366) – 1
= 15.76%
January 30, 2025 calculations
Top border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 + 2 × s)
= Exp(a + b × 1,728 + 2 × s)
= Exp(1.7081 + 0.0013 × 1,728 + 2 × 0.0366)
= Exp(4.0109)
= $55.19
Bottom border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 – 2 × s)
= Exp(a + b × 1,728 – 2 × s)
= Exp(1.7081 + 0.0013 × 1,728 – 2 × 0.0366)
= Exp(3.8645)
= $47.68
May 7, 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(1.7081 + 0.0013 × 1,825 + 2 × 0.0366)
= Exp(4.1360)
= $62.55
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(1.7081 + 0.0013 × 1,825 – 2 × 0.0366)
= Exp(3.9897)
= $54.04
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 60.15% per annum.
- EIX price at the close of May 7, 2025 was inside the secondary price channel.