Artesian Resources Stock Market Value
| ARTNA Stock | USD 36.34 0.35 0.97% |
| Symbol | Artesian |
Artesian Resources 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 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 0.176 | Dividend Share 1.159 | Earnings Share 1.78 | Revenue Per Share 10.02 | Quarterly Revenue Growth 0.086 |
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.
| 09/16/2024 |
| 10/16/2024 |
If you would invest 0.00 in Artesian Resources on September 16, 2024 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 30 days. Artesian Resources is related to or competes with York Water, Middlesex Water, Global Water, and American 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 | (0.12) | |||
| Maximum Drawdown | 7.5 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 3.05 |
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 | (0.04) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.14) |
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 -0.0849, which signifies that the company had a -0.0849% 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' Mean Deviation of 1.16, standard deviation of 1.55, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.7, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Artesian Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Artesian Resources is expected to be smaller as well. At this point, Artesian Resources has a negative expected return of -0.13%. 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 | 0.73 |
Good predictability
Artesian Resources has good predictability. Overlapping area represents the amount of predictability between Artesian Resources time series from 16th of September 2024 to 1st of October 2024 and 1st of October 2024 to 16th of October 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 0.73 indicates that around 73.0% of current Artesian Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
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 |
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.| AVAV | AeroVironment | |
| ELVN | Enliven Therapeutics | |
| NFLX | Netflix |
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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.