The York Water Stock Market Value
| YORW Stock | USD 35.55 0.13 0.37% |
| Symbol | York |
York Water Price To Book Ratio
Is York Water's 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 York Water. If investors know York 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 York 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 0.2 | Dividend Share 0.819 | Earnings Share 1.66 | Revenue Per Share 4.969 | Quarterly Revenue Growth 0.198 |
The market value of York Water is measured differently than its book value, which is the value of York that is recorded on the company's balance sheet. Investors also form their own opinion of York Water's value that differs from its market value or its book value, called intrinsic value, which is York 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 York Water's market value can be influenced by many factors that don't directly affect York 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 York Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if York Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, York 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.
York 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 York 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 York Water.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in York Water on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding The York Water or generate 0.0% return on investment in York Water over 30 days. York Water is related to or competes with California Water, SJW, Artesian Resources, American States, Middlesex Water, Global Water, and Consolidated Water. The York Water Company impounds, purifies, and distributes drinking water More
York 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 York 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 The York Water upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.42 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.53 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 1.94 |
York Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for York Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as York Water's standard deviation. In reality, there are many statistical measures that can use York Water historical prices to predict the future York Water's volatility.| Risk Adjusted Performance | 0.0078 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of York 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.
York Water Backtested Returns
We consider York Water very steady. York Water shows Sharpe Ratio of 0.0127, which attests that the company had a 0.0127% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for York Water, which you can use to evaluate the volatility of the company. Please check out York Water's Market Risk Adjusted Performance of 0.0061, downside deviation of 1.42, and Mean Deviation of 1.11 to validate if the risk estimate we provide is consistent with the expected return of 0.0171%. The firm maintains a market beta of 1.24, which attests to 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, York Water will likely underperform. York Water right now maintains a risk of 1.35%. Please check out York Water jensen alpha, potential upside, accumulation distribution, as well as the relationship between the treynor ratio and expected short fall , to decide if York Water will be following its historical returns.
Auto-correlation | 0.19 |
Very weak predictability
The York Water has very weak predictability. Overlapping area represents the amount of predictability between York Water time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 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 York Water price movement. The serial correlation of 0.19 indicates that over 19.0% of current York Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
York Water lagged returns against current returns
Autocorrelation, which is York 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 York Water's stock expected returns. We can calculate the autocorrelation of York Water returns to help us make a trade decision. For example, suppose you find that York 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 |
York 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 York Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if York Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in York Water stock over time.
Current vs Lagged Prices |
| Timeline |
York Water Lagged Returns
When evaluating York Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of York Water stock have on its future price. York 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, York Water autocorrelation shows the relationship between York Water stock current value and its past values and can show if there is a momentum factor associated with investing in The York Water.
Regressed Prices |
| Timeline |
York Water Investors Sentiment
The influence of York Water's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in York. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to York Water's public news can be used to forecast risks associated with an investment in York. The trend in average sentiment can be used to explain how an investor holding York can time the market purely based on public headlines and social activities around The York Water. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
York Water's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for York Water's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average York Water's news discussions. The higher the estimated score, the more favorable is the investor's outlook on York Water.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards York Water in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, York Water's short interest history, or implied volatility extrapolated from York Water options trading.
Also Currently Popular
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.When determining whether York Water is a strong investment it is important to analyze York Water's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact York Water's future performance. For an informed investment choice regarding York Stock, refer to the following important reports:Check out York Water Correlation, York Water Volatility and York Water Alpha and Beta module to complement your research on York Water. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for York Stock analysis
When running York Water's price analysis, check to measure York 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 York Water is operating at the current time. Most of York Water's value examination focuses on studying past and present price action to predict the probability of York 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 York Water's price. Additionally, you may evaluate how the addition of York Water to your portfolios can decrease your overall portfolio volatility.
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York 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.