Global Water Resources Stock Price on January 3, 2023
| GWRS Stock | USD 12.23 0.03 0.25% |
If you're considering investing in Global Stock, it is important to understand the factors that can impact its price. As of today, the current price of Global Water stands at 12.23, as last reported on the 24th of April, with the highest price reaching 12.28 and the lowest price hitting 12.04 during the day. We consider Global Water not too volatile. Global Water Resources holds Efficiency (Sharpe) Ratio of 0.0084, which attests that the entity had a 0.0084% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Global Water Resources, which you can use to evaluate the volatility of the firm. Please check out Global Water's Risk Adjusted Performance of 0.0062, market risk adjusted performance of 0.0493, and Standard Deviation of 2.06 to validate if the risk estimate we provide is consistent with the expected return of 0.0176%.
Global Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Global |
Sharpe Ratio = 0.0084
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| Negative Returns | GWRS |
Estimated Market Risk
| 2.09 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Global Water is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Global Water by adding Global Water to a well-diversified portfolio.
Global Water Valuation on January 3, 2023
It is possible to determine the worth of Global Water on a given historical date. On January 3, 2023 Global was worth 13.49 at the beginning of the trading date compared to the closed value of 13.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Global Water stock. Still, in general, we apply an absolute valuation method to find Global Water's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Global Water where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Global Water's related companies.
| Open | High | Low | Close | Volume | |
| 13.04 | 13.35 | 12.85 | 12.85 | 17,918 | |
01/03/2023 | 13.49 | 13.73 | 13.26 | 13.26 | 37,557 |
| 13.84 | 14.00 | 13.48 | 13.48 | 26,765 |
| Backtest Global Water | | | Global Water History | | | Global Water Valuation | Previous | Next |
Global Water Trading Date Momentum on January 3, 2023
| On January 04 2023 Global Water Resources was traded for 13.48 at the closing time. The top price for the day was 14.00 and the lowest listed price was 13.48 . The trading volume for the day was 26.8 K. The trading history from January 4, 2023 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 1.66% . The overall trading delta against the current closing price is 5.66% . |
Global Water Resources Fundamentals Correlations and Trends
By evaluating Global Water's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Global Water's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Global financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Global Water Stock history
Global Water investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Global is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Global Water Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Global Water stock prices may prove useful in developing a viable investing in Global Water
Global Water Resources, Inc., a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. The company was founded in 2003 and is based in Phoenix, Arizona. Global Water operates under UtilitiesRegulated Water classification in the United States and is traded on NASDAQ Exchange. It employs 86 people.
Global Water Stock Technical Analysis
Global 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.
Price Boundaries
Global Water Period Price Range
Low | January 3, 2023
| High |
13.49 | 13.26 |
Global Water April 24, 2024 Market Strength
Market strength indicators help investors to evaluate how Global Water stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Global Water shares will generate the highest return on investment. By undertsting and applying Global Water stock market strength indicators, traders can identify Global Water Resources entry and exit signals to maximize returns
| Accumulation Distribution | 1285.64 | |||
| Daily Balance Of Power | (0.49) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 13.5 | |||
| Day Typical Price | 13.42 | |||
| Price Action Indicator | (0.35) | |||
| Period Momentum Indicator | (1.03) | |||
| Relative Strength Index | 47.56 |
Global Water Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Global Water's price direction in advance. Along with the technical and fundamental analysis of Global Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Global to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0062 | |||
| Jensen Alpha | 0.0146 | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 0.0393 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Water Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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When running Global Water's price analysis, check to measure Global 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 Global Water is operating at the current time. Most of Global Water's value examination focuses on studying past and present price action to predict the probability of Global 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 Global Water's price. Additionally, you may evaluate how the addition of Global Water to your portfolios can decrease your overall portfolio volatility.
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Is Global 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 Global Water. If investors know Global 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 Global Water listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Global Water Resources is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global Water's value that differs from its market value or its book value, called intrinsic value, which is Global 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 Global Water's market value can be influenced by many factors that don't directly affect Global 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 Global Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global 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.