Consolidated Water Co Stock Market Value
| CWCO Stock | USD 27.07 0.46 1.73% |
| Symbol | Consolidated |
Consolidated Water Price To Book Ratio
Is Water Utilities space 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 Water. 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 Water 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 1.158 | Earnings Share 1.66 | Revenue Per Share 11.101 | Quarterly Revenue Growth (0.27) | Return On Assets 0.1033 |
The market value of Consolidated Water 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 Water's value that differs from its market value or its book value, called intrinsic value, which is Consolidated Water'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 Water's market value can be influenced by many factors that don't directly affect Consolidated Water'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 Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Consolidated Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Consolidated Water'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.
Consolidated Water 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Consolidated Water's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Consolidated Water.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Consolidated Water on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Consolidated Water Co or generate 0.0% return on investment in Consolidated Water over 30 days. Consolidated Water is related to or competes with SJW Group, Middlesex Water, California Water, York Water, Global Water, American States, and Artesian Resources. Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment pl... More
Consolidated Water Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Consolidated Water's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Consolidated Water Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.8 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 3.68 |
Consolidated Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Consolidated Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Consolidated Water's standard deviation. In reality, there are many statistical measures that can use Consolidated Water historical prices to predict the future Consolidated Water's volatility.| Risk Adjusted Performance | 0.0071 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Consolidated Water's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Consolidated Water Backtested Returns
Consolidated Water secures Sharpe Ratio (or Efficiency) of -0.0073, which signifies that the company had a -0.0073% return per unit of risk over the last 3 months. Consolidated Water Co exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Consolidated Water's Risk Adjusted Performance of 0.0071, mean deviation of 1.5, and Downside Deviation of 1.8 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.38, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Consolidated Water will likely underperform. At this point, Consolidated Water has a negative expected return of -0.0143%. Please make sure to confirm Consolidated Water's semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Consolidated Water performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.58 |
Modest predictability
Consolidated Water Co has modest predictability. Overlapping area represents the amount of predictability between Consolidated Water time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Consolidated Water price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Consolidated Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Consolidated Water lagged returns against current returns
Autocorrelation, which is Consolidated Water stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Consolidated Water's stock expected returns. We can calculate the autocorrelation of Consolidated Water returns to help us make a trade decision. For example, suppose you find that Consolidated Water has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Consolidated Water regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Consolidated Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Consolidated Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Consolidated Water stock over time.
Current vs Lagged Prices |
| Timeline |
Consolidated Water Lagged Returns
When evaluating Consolidated Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Consolidated Water stock have on its future price. Consolidated Water autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Consolidated Water autocorrelation shows the relationship between Consolidated Water stock current value and its past values and can show if there is a momentum factor associated with investing in Consolidated Water Co.
Regressed Prices |
| Timeline |
Pair Trading with Consolidated Water
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 Water 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 Water will appreciate offsetting losses from the drop in the long position's value.Moving against Consolidated Stock
The ability to find closely correlated positions to Consolidated Water 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 Water 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 Water - 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 Water Co to buy it.
The correlation of Consolidated Water 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 Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consolidated Water 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 Water 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.Check out Consolidated Water Correlation, Consolidated Water Volatility and Consolidated Water Alpha and Beta module to complement your research on Consolidated Water. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Consolidated Water technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.