Artesian Resources Stock Market Value
| ARTNA Stock | USD 34.84 0.03 0.09% |
| Symbol | Artesian |
Artesian Resources Price To Book Ratio
Is Artesian Resources' industry 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 Artesian Resources. If investors know Artesian 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 Artesian Resources 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 0.383 | Dividend Share 1.136 | Earnings Share 1.67 | Revenue Per Share 9.868 | Quarterly Revenue Growth (0.02) |
The market value of Artesian Resources is measured differently than its book value, which is the value of Artesian that is recorded on the company's balance sheet. Investors also form their own opinion of Artesian Resources' value that differs from its market value or its book value, called intrinsic value, which is Artesian Resources' 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 Artesian Resources' market value can be influenced by many factors that don't directly affect Artesian Resources' 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 Artesian Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Artesian Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Artesian Resources' 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.
Artesian Resources '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 Artesian Resources' 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 Artesian Resources.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in Artesian Resources on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding Artesian Resources or generate 0.0% return on investment in Artesian Resources over 720 days. Artesian Resources is related to or competes with California Water, SJW, York Water, American States, Middlesex Water, and Global Water. Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Ma... More
Artesian Resources 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 Artesian Resources' 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 Artesian Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | (3.35) | |||
| Potential Upside | 2.41 |
Artesian Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Artesian Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Artesian Resources' standard deviation. In reality, there are many statistical measures that can use Artesian Resources historical prices to predict the future Artesian Resources' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Artesian Resources' 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.
Artesian Resources Backtested Returns
Artesian Resources secures Sharpe Ratio (or Efficiency) of -0.0341, which signifies that the company had a -0.0341% return per unit of risk over the last 3 months. Artesian Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Artesian Resources' Standard Deviation of 1.86, risk adjusted performance of (0.02), and Mean Deviation of 1.46 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.19, 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, Artesian Resources will likely underperform. Artesian Resources has an expected return of -0.0633%. Please make sure to confirm Artesian Resources accumulation distribution, and the relationship between the potential upside and day median price , to decide if Artesian Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Artesian Resources has very good reverse predictability. Overlapping area represents the amount of predictability between Artesian Resources time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 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 Artesian Resources price movement. The serial correlation of -0.67 indicates that around 67.0% of current Artesian Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 27.35 |
Artesian Resources lagged returns against current returns
Autocorrelation, which is Artesian Resources 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 Artesian Resources' stock expected returns. We can calculate the autocorrelation of Artesian Resources returns to help us make a trade decision. For example, suppose you find that Artesian Resources 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 |
Artesian Resources 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 Artesian Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Artesian Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Artesian Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Artesian Resources Lagged Returns
When evaluating Artesian Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Artesian Resources stock have on its future price. Artesian Resources 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, Artesian Resources autocorrelation shows the relationship between Artesian Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Artesian Resources.
Regressed Prices |
| Timeline |
Pair Trading with Artesian Resources
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 Artesian Resources 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 Artesian Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Artesian Stock
| 0.75 | WTRG | Essential Utilities Financial Report 13th of May 2024 | PairCorr |
| 0.77 | AWK | American Water Works Financial Report 24th of April 2024 | PairCorr |
| 0.67 | AWR | American States Water Financial Report 8th of May 2024 | PairCorr |
Moving against Artesian Stock
| 0.44 | VIVHY | Vivendi SA PK Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Artesian Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Artesian Resources 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 Artesian Resources - 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 Artesian Resources to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Artesian Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Artesian Resources 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 Artesian Resources 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 Artesian Resources Correlation, Artesian Resources Volatility and Artesian Resources Alpha and Beta module to complement your research on Artesian Resources. For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Artesian Stock analysis
When running Artesian Resources' price analysis, check to measure Artesian Resources' 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 Artesian Resources is operating at the current time. Most of Artesian Resources' value examination focuses on studying past and present price action to predict the probability of Artesian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Artesian Resources' price. Additionally, you may evaluate how the addition of Artesian Resources to your portfolios can decrease your overall portfolio volatility.
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Artesian Resources 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.