Artesian Competitors
| ARTNA Stock | USD 33.27 0.14 0.42% |
Artesian Resources vs Middlesex Water Correlation
Very weak diversification
The correlation between Artesian Resources and MSEX is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artesian Resources and MSEX in the same portfolio, assuming nothing else is changed.
Moving against Artesian Stock
| 0.58 | 2WI | Yunnan Water Investment | PairCorr |
| 0.5 | POM | POMDOCTOR LIMITED | PairCorr |
| 0.42 | GUG | Guangdong Investment | PairCorr |
Artesian Resources Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Artesian Resources and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Artesian and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Artesian Resources does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Artesian Stock performing well and Artesian Resources Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Artesian Resources' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDZI | 3.24 | (0.07) | 0.00 | (0.52) | 0.00 | 8.11 | 20.69 | |||
| CWCO | 1.27 | 0.06 | 0.04 | 0.10 | 1.65 | 2.17 | 11.83 | |||
| PCYO | 1.23 | (0.01) | (0.01) | 0.05 | 1.36 | 3.36 | 7.99 | |||
| GNE | 1.36 | (0.09) | 0.00 | (0.96) | 0.00 | 2.47 | 8.20 | |||
| GWRS | 1.25 | (0.23) | 0.00 | (0.12) | 0.00 | 2.21 | 9.15 | |||
| NFE | 5.61 | 0.37 | 0.05 | 1.87 | 5.95 | 14.41 | 45.05 | |||
| NRGV | 4.94 | 0.53 | 0.10 | 0.25 | 5.76 | 13.46 | 40.66 | |||
| MSEX | 1.40 | (0.14) | 0.00 | (0.15) | 0.00 | 2.13 | 14.11 |
Cross Equities Net Income Analysis
Compare Artesian Resources and related stocks such as Cadiz Inc, Consolidated Water, and Pure Cycle Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CDZI | 300 K | (16.8 M) | (19.6 M) | (22.7 M) | (18.9 M) | (24 M) | (26.3 M) | (33.9 M) | (26.3 M) | (29.5 M) | (37.8 M) | (31.2 M) | (24.8 M) | (31.4 M) | (31.1 M) | (28 M) | (29.4 M) |
| CWCO | 400.6 M | 6.1 M | 9.3 M | 8.6 M | 6.3 M | 7.5 M | 4 M | 6.1 M | 11.3 M | 12.2 M | 3.7 M | 875.6 K | 5.9 M | 29.6 M | 28.2 M | 25.4 M | 14.8 M |
| PCYO | (515.4 K) | (17.4 M) | (4.2 M) | (311.4 K) | (22.8 M) | (1.3 M) | (1.7 M) | 414.7 K | 4.8 M | 6.8 M | 20.1 M | 9.6 M | 4.7 M | 11.6 M | 13.1 M | 15.1 M | 15.8 M |
| GNE | 22.7 M | 1.6 M | (3.3 M) | (5.9 M) | (26.5 M) | (7.5 M) | (24.5 M) | (7 M) | 22.8 M | 4.2 M | 13.2 M | 29.2 M | 87.8 M | 19.5 M | 12.6 M | 14.5 M | 10.6 M |
| GWRS | 0.0 | 0.0 | (38.5 M) | (6 M) | 64.9 M | 21.4 M | (2.9 M) | 4.6 M | 3.1 M | 2.2 M | 1.1 M | 3.6 M | 5.5 M | 8 M | 5.8 M | 6.7 M | 4.7 M |
| NFE | (32.9 M) | (32.9 M) | (32.9 M) | (32.9 M) | (32.9 M) | (32.9 M) | (32.9 M) | (31.7 M) | (78.1 M) | (33.8 M) | (182.1 M) | 97.1 M | 194.5 M | 547.9 M | (249 M) | (286.4 M) | (272.1 M) |
| NRGV | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (10.1 M) | (24.2 M) | (31.3 M) | (78.3 M) | (98.4 M) | (135.8 M) | (122.2 M) | (116.1 M) |
| MSEX | 3.2 M | 13.4 M | 14.4 M | 16.6 M | 18.4 M | 20 M | 22.7 M | 22.8 M | 32.5 M | 33.9 M | 38.4 M | 36.5 M | 42.4 M | 31.5 M | 44.4 M | 51 M | 53.6 M |
Artesian Resources and related stocks such as Cadiz Inc, Consolidated Water, and Pure Cycle Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Artesian Resources financial statement analysis. It represents the amount of money remaining after all of Artesian Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Artesian Resources Competitive Analysis
The better you understand Artesian Resources competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Artesian Resources' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Artesian Resources' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Artesian Resources Competition Performance Charts
Five steps to successful analysis of Artesian Resources Competition
Artesian Resources' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Artesian Resources in relation to its competition. Artesian Resources' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Artesian Resources in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Artesian Resources' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Artesian Resources, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Artesian Resources Correlation with its peers. For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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. Comprehensive Artesian Resources assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth 0.023 | Dividend Share 1.218 | Earnings Share 2.17 | Revenue Per Share | Quarterly Revenue Growth 0.046 |
Understanding Artesian Resources requires distinguishing between market price and book value, where the latter reflects Artesian's accounting equity. The concept of intrinsic value - what Artesian Resources' is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Artesian Resources' price substantially above or below its fundamental value.
Understanding that Artesian Resources' value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Artesian Resources represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, Artesian Resources' trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.