Artesian Resources Correlations
| ARTNA Stock | USD 30.71 0.65 2.07% |
The current 90-days correlation between Artesian Resources and The York Water is 0.82 (i.e., Very poor diversification). The correlation of Artesian Resources 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Artesian |
Moving together with Artesian Stock
| 0.82 | WTRG | Essential Utilities | PairCorr |
| 0.69 | AWK | American Water Works | PairCorr |
| 0.83 | AWR | American States Water | PairCorr |
| 0.93 | CWT | California Water Service | PairCorr |
| 0.87 | SJW | SJW Group Common | PairCorr |
| 0.89 | YORW | York Water | PairCorr |
| 0.72 | MSEX | Middlesex Water | PairCorr |
| 0.61 | ES | Eversource Energy | PairCorr |
| 0.77 | HE | Hawaiian Electric | PairCorr |
Moving against Artesian Stock
| 0.6 | CDZI | Cadiz Inc Earnings Call This Week | PairCorr |
| 0.57 | CEG | Constellation Energy Corp | PairCorr |
| 0.48 | ADN | Advent Technologies | PairCorr |
| 0.42 | ELLO | Ellomay Capital Earnings Call This Week | PairCorr |
| 0.39 | BIP | Brookfield Infrastructure | PairCorr |
| 0.38 | RNWWW | ReNew Energy Global | PairCorr |
| 0.38 | VSTE | Vast Renewables | PairCorr |
Related Correlations Analysis
| 0.88 | 0.93 | 0.88 | 0.83 | 0.05 | CWT | ||
| 0.88 | 0.82 | 0.64 | 0.68 | -0.18 | SJW | ||
| 0.93 | 0.82 | 0.86 | 0.87 | -0.11 | YORW | ||
| 0.88 | 0.64 | 0.86 | 0.77 | 0.25 | AWR | ||
| 0.83 | 0.68 | 0.87 | 0.77 | -0.01 | MSEX | ||
| 0.05 | -0.18 | -0.11 | 0.25 | -0.01 | GWRS | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Artesian Stock performing well and Artesian Resources Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Artesian Resources' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CWT | 1.19 | (0.04) | 0.00 | (0.18) | 0.00 | 2.37 | 7.58 | |||
| SJW | 1.41 | (0.05) | 0.00 | (0.29) | 0.00 | 3.31 | 10.19 | |||
| YORW | 1.12 | (0.04) | 0.00 | 1.47 | 0.00 | 2.68 | 6.67 | |||
| AWR | 1.16 | (0.11) | 0.00 | (0.39) | 0.00 | 2.28 | 7.60 | |||
| MSEX | 1.70 | 0.03 | 0.06 | (0.15) | 1.88 | 3.60 | 19.17 | |||
| GWRS | 1.10 | (0.14) | 0.00 | (0.59) | 0.00 | 2.31 | 5.86 |
Artesian Resources Corporate Management
| John Thaeder | Sr. VP of Operations | Profile | |
| CPA CPA | Corp Fin | Profile | |
| Courtney Esq | General Secretary | Profile | |
| Jennifer CPA | Corporate Finance | Profile | |
| CPA CGMA | Exec Sec | Profile |