Middlesex Water Stock Market Value
| MSEX Stock | USD 65.44 0.12 0.18% |
| Symbol | Middlesex |
Middlesex 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 Middlesex Water. If investors know Middlesex 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 Middlesex 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 0.428 | Dividend Share 1.3 | Earnings Share 2.3 | Revenue Per Share 10.289 | Quarterly Revenue Growth 0.179 |
The market value of Middlesex Water is measured differently than its book value, which is the value of Middlesex that is recorded on the company's balance sheet. Investors also form their own opinion of Middlesex Water's value that differs from its market value or its book value, called intrinsic value, which is Middlesex 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 Middlesex Water's market value can be influenced by many factors that don't directly affect Middlesex 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 Middlesex Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Middlesex Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Middlesex 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.
Middlesex 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 Middlesex 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 Middlesex Water.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Middlesex Water on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Middlesex Water or generate 0.0% return on investment in Middlesex Water over 180 days. Middlesex Water is related to or competes with SJW Group, American States, York Water, Artesian Resources, California Water, Global Water, and Consolidated Water. Middlesex Water Company owns and operates regulated water utility and wastewater systems More
Middlesex 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 Middlesex 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 Middlesex Water upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.75 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 10.55 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 3.16 |
Middlesex Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Middlesex Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Middlesex Water's standard deviation. In reality, there are many statistical measures that can use Middlesex Water historical prices to predict the future Middlesex Water's volatility.| Risk Adjusted Performance | 0.0422 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0709 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Middlesex 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.
Middlesex Water Backtested Returns
At this stage we consider Middlesex Stock to be very steady. Middlesex Water has Sharpe Ratio of 0.0482, which conveys that the firm had a 0.0482% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Middlesex Water, which you can use to evaluate the volatility of the firm. Please verify Middlesex Water's Downside Deviation of 1.75, risk adjusted performance of 0.0422, and Mean Deviation of 1.42 to check out if the risk estimate we provide is consistent with the expected return of 0.0941%. Middlesex Water has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.13, which conveys a somewhat significant risk relative to the market. Middlesex Water returns are very sensitive to returns on the market. As the market goes up or down, Middlesex Water is expected to follow. Middlesex Water right now secures a risk of 1.95%. Please verify Middlesex Water downside variance, and the relationship between the total risk alpha and daily balance of power , to decide if Middlesex Water will be following its current price movements.
Auto-correlation | 0.19 |
Very weak predictability
Middlesex Water has very weak predictability. Overlapping area represents the amount of predictability between Middlesex Water time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Middlesex Water price movement. The serial correlation of 0.19 indicates that over 19.0% of current Middlesex Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 3.92 |
Middlesex Water lagged returns against current returns
Autocorrelation, which is Middlesex 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 Middlesex Water's stock expected returns. We can calculate the autocorrelation of Middlesex Water returns to help us make a trade decision. For example, suppose you find that Middlesex 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 |
Middlesex 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 Middlesex Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Middlesex Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Middlesex Water stock over time.
Current vs Lagged Prices |
| Timeline |
Middlesex Water Lagged Returns
When evaluating Middlesex Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Middlesex Water stock have on its future price. Middlesex 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, Middlesex Water autocorrelation shows the relationship between Middlesex Water stock current value and its past values and can show if there is a momentum factor associated with investing in Middlesex Water.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Middlesex Stock Analysis
When running Middlesex Water's price analysis, check to measure Middlesex Water'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 Middlesex Water is operating at the current time. Most of Middlesex Water's value examination focuses on studying past and present price action to predict the probability of Middlesex Water's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Middlesex Water's price. Additionally, you may evaluate how the addition of Middlesex Water to your portfolios can decrease your overall portfolio volatility.