Aris Water Solutions Stock Market Value
| ARIS Stock | USD 15.21 0.26 1.74% |
| Symbol | Aris |
Aris Water Solutions Price To Book Ratio
Is Electric 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 Aris Water. If investors know Aris 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 Aris 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 1.173 | Dividend Share 0.36 | Earnings Share 0.71 | Revenue Per Share 13.401 | Quarterly Revenue Growth 0.129 |
The market value of Aris Water Solutions is measured differently than its book value, which is the value of Aris that is recorded on the company's balance sheet. Investors also form their own opinion of Aris Water's value that differs from its market value or its book value, called intrinsic value, which is Aris 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 Aris Water's market value can be influenced by many factors that don't directly affect Aris 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 Aris Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aris Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aris 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.
Aris 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 Aris 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 Aris Water.
| 05/07/2024 |
| 06/06/2024 |
If you would invest 0.00 in Aris Water on May 7, 2024 and sell it all today you would earn a total of 0.00 from holding Aris Water Solutions or generate 0.0% return on investment in Aris Water over 30 days. Aris Water is related to or competes with Middlesex Water, California Water, Global Water, American States, Artesian Resources, SJW, and York Water. Aris Water Solutions, Inc., an environmental infrastructure and solutions company, provides water handling and recycling... More
Aris 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 Aris 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 Aris Water Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.1546 | |||
| Maximum Drawdown | 15.99 | |||
| Value At Risk | (3.37) | |||
| Potential Upside | 3.81 |
Aris Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aris Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aris Water's standard deviation. In reality, there are many statistical measures that can use Aris Water historical prices to predict the future Aris Water's volatility.| Risk Adjusted Performance | 0.1113 | |||
| Jensen Alpha | 0.3839 | |||
| Total Risk Alpha | 0.3467 | |||
| Sortino Ratio | 0.1781 | |||
| Treynor Ratio | 0.215 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Aris 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.
Aris Water Solutions Backtested Returns
Aris Water appears to be not too volatile, given 3 months investment horizon. Aris Water Solutions secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Aris Water Solutions, which you can use to evaluate the volatility of the firm. Please makes use of Aris Water's Mean Deviation of 1.95, downside deviation of 2.25, and Risk Adjusted Performance of 0.1113 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aris Water holds a performance score of 12. The firm shows a Beta (market volatility) of 1.94, 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, Aris Water will likely underperform. Please check Aris Water's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether Aris Water's price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Aris Water Solutions has virtually no predictability. Overlapping area represents the amount of predictability between Aris Water time series from 7th of May 2024 to 22nd of May 2024 and 22nd of May 2024 to 6th of June 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 Aris Water Solutions price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Aris Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Aris Water Solutions lagged returns against current returns
Autocorrelation, which is Aris 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 Aris Water's stock expected returns. We can calculate the autocorrelation of Aris Water returns to help us make a trade decision. For example, suppose you find that Aris 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 |
Aris 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 Aris Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aris Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aris Water stock over time.
Current vs Lagged Prices |
| Timeline |
Aris Water Lagged Returns
When evaluating Aris Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aris Water stock have on its future price. Aris 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, Aris Water autocorrelation shows the relationship between Aris Water stock current value and its past values and can show if there is a momentum factor associated with investing in Aris Water Solutions.
Regressed Prices |
| Timeline |
Pair Trading with Aris 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 Aris 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 Aris Water will appreciate offsetting losses from the drop in the long position's value.Moving together with Aris Stock
| 0.77 | WTRG | Essential Utilities | PairCorr |
| 0.75 | AWK | American Water Works | PairCorr |
| 0.74 | CWT | California Water Service | PairCorr |
The ability to find closely correlated positions to Aris 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 Aris 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 Aris 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 Aris Water Solutions to buy it.
The correlation of Aris 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 Aris Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aris Water Solutions 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 Aris 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.Additional Tools for Aris Stock Analysis
When running Aris Water's price analysis, check to measure Aris 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 Aris Water is operating at the current time. Most of Aris Water's value examination focuses on studying past and present price action to predict the probability of Aris 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 Aris Water's price. Additionally, you may evaluate how the addition of Aris Water to your portfolios can decrease your overall portfolio volatility.