Essential Competitors
| WTRG Stock | USD 39.60 0.37 0.94% |
Essential Utilities vs IDACORP Correlation
Very poor diversification
The correlation between Essential Utilities and IDA is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Essential Utilities and IDA in the same portfolio, assuming nothing else is changed.
Moving against Essential Stock
At this time, Essential Utilities' Return On Capital Employed is most likely to slightly decrease in the upcoming years. The Essential Utilities' current Return On Equity is estimated to increase to 0.12, while Return On Tangible Assets are projected to decrease to 0.04. At this time, Essential Utilities' Non Currrent Assets Other are most likely to increase significantly in the upcoming years. The Essential Utilities' current Other Current Assets is estimated to increase to about 89.3 M, while Return On Tangible Assets are projected to decrease to 0.04.Essential Utilities Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Essential Utilities 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 Essential 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 Essential Utilities 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 Essential Stock performing well and Essential Utilities 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 Essential Utilities' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNW | 0.72 | (0.01) | (0.11) | (0.03) | 0.87 | 1.62 | 4.17 | |||
| AES | 1.28 | (0.07) | (0.05) | 0.03 | 1.41 | 3.14 | 8.82 | |||
| OGE | 0.68 | (0.13) | 0.00 | (0.33) | 0.00 | 1.24 | 3.57 | |||
| SBS | 1.46 | 0.08 | 0.02 | 0.22 | 1.98 | 3.48 | 10.23 | |||
| EMA | 0.61 | 0.05 | (0.09) | (0.06) | 0.77 | 1.35 | 4.23 | |||
| UGI | 0.84 | 0.22 | 0.18 | 0.51 | 0.68 | 2.40 | 10.28 | |||
| CWT | 1.10 | (0.14) | 0.00 | (0.28) | 0.00 | 2.30 | 7.55 | |||
| BIP | 0.82 | (0.04) | (0.06) | 0.04 | 1.05 | 1.57 | 5.53 | |||
| AWR | 0.80 | (0.04) | 0.00 | (0.03) | 0.00 | 2.09 | 5.97 | |||
| IDA | 0.79 | (0.06) | 0.00 | (0.04) | 0.00 | 1.42 | 4.65 |
Cross Equities Net Income Analysis
Compare Essential Utilities and related stocks such as Pinnacle West Capital, AES, and OGE Energy Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PNW | 279.5 M | 339.5 M | 381.5 M | 406.1 M | 397.6 M | 437.3 M | 442 M | 488.5 M | 511 M | 538.3 M | 550.6 M | 618.7 M | 483.6 M | 501.6 M | 608.8 M | 700.1 M | 735.1 M |
| AES | 15.5 M | (28 M) | (928 M) | 266 M | 825 M | 306 M | (11 M) | (550 M) | 1 B | 302 M | 43 M | (413 M) | (546 M) | 242 M | 1.7 B | 1.9 B | 2 B |
| OGE | 108.6 M | 342.9 M | 355 M | 387.6 M | 395.8 M | 271.3 M | 338.2 M | 619 M | 425.5 M | 433.6 M | (173.7 M) | 737.3 M | 665.7 M | 416.8 M | 441.5 M | 507.7 M | 267.2 M |
| SBS | 266.7 M | 1.2 B | 1.9 B | 1.9 B | 903 M | 536.3 M | 2.9 B | 2.5 B | 2.8 B | 3.4 B | 973.3 M | 2.3 B | 3.1 B | 3.5 B | 9.6 B | 11 B | 11.6 B |
| EMA | 95.4 M | 247.7 M | 220.8 M | 236.8 M | 432.9 M | 427 M | 255 M | 294 M | 746 M | 708 M | 983 M | 560 M | 1 B | 1 B | 567 M | 652 M | 341.2 M |
| UGI | (27.2 M) | 210.2 M | 278.1 M | 337.2 M | 281 M | 364.7 M | 436.6 M | 719 M | 256 M | 532 M | 1.5 B | 1.1 B | (1.5 B) | 269 M | 678 M | 779.7 M | 818.7 M |
| CWT | 12.5 M | 37.7 M | 48.8 M | 47.3 M | 56.7 M | 45 M | 48.7 M | 67.2 M | 65.6 M | 63.1 M | 96.8 M | 101.1 M | 96 M | 51.9 M | 190.8 M | 219.4 M | 230.4 M |
| BIP | 1.1 M | 136 M | 80 M | (32 M) | 145 M | 169 M | 369 M | 124 M | 192 M | 211 M | 324 M | 766 M | 341 M | 367 M | 351 M | 403.6 M | 238.3 M |
| AWR | 6.2 M | 45.9 M | 54.1 M | 62.7 M | 61.1 M | 60.5 M | 59.7 M | 69.4 M | 63.9 M | 84.3 M | 86.4 M | 94.3 M | 78.4 M | 124.9 M | 119.3 M | 137.2 M | 144 M |
| IDA | 84.8 M | 170 M | 173 M | 182.4 M | 193.5 M | 194.7 M | 198.3 M | 212.4 M | 226.8 M | 232.9 M | 237.4 M | 245.6 M | 259 M | 261.2 M | 289.2 M | 332.6 M | 349.2 M |
Essential Utilities and related stocks such as Pinnacle West Capital, AES, and OGE Energy Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Essential Utilities financial statement analysis. It represents the amount of money remaining after all of Essential Utilities operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Essential Utilities Competitive Analysis
The better you understand Essential Utilities competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Essential Utilities' 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 Essential Utilities' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Essential Utilities Competition Performance Charts
Five steps to successful analysis of Essential Utilities Competition
Essential Utilities' 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 Essential Utilities in relation to its competition. Essential Utilities' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Essential Utilities 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 Essential Utilities' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Essential Utilities, 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 Essential Utilities Correlation with its peers. For more detail on how to invest in Essential Stock please use our How to Invest in Essential Utilities guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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 Essential Utilities. If investors know Essential 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 Essential Utilities 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 0.307 | Dividend Share 1.319 | Earnings Share 2.4 | Revenue Per Share | Quarterly Revenue Growth 0.096 |
The market value of Essential Utilities is measured differently than its book value, which is the value of Essential that is recorded on the company's balance sheet. Investors also form their own opinion of Essential Utilities' value that differs from its market value or its book value, called intrinsic value, which is Essential Utilities' 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 Essential Utilities' market value can be influenced by many factors that don't directly affect Essential Utilities' 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 Essential Utilities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Essential Utilities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Essential Utilities' 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.