Artesian Resources Stock Probability of Future Stock Price Finishing Over 52.0
| ARTNA Stock | USD 34.04 0.28 0.82% |
Artesian |
Artesian Resources Target Price Odds to finish over 52.0
The tendency of Artesian Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 52.00 or more in 90 days |
| 34.04 | 90 days | 52.00 | close to zero percent |
Based on a normal probability distribution, the odds of Artesian Resources to move over $ 52.00 or more in 90 days from now is close to zero percent (This Artesian Resources probability density function shows the probability of Artesian Stock to fall within a particular range of prices over 90 days) . Probability of Artesian Resources price to stay between its current price of $ 34.04 and $ 52.00 at the end of the 90-day period is about 87.91 .
Assuming the 90 days horizon Artesian Resources has a beta of 0.59. This suggests as returns on the market go up, Artesian Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Artesian Resources will be expected to be much smaller as well. Additionally Artesian Resources has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Artesian Resources Price Density |
| Price |
Predictive Modules for Artesian Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Artesian Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Artesian Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Artesian Resources is not an exception. The market had few large corrections towards the Artesian Resources' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Artesian Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Artesian Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 1.29 | |
Ir | Information ratio | -0.12 |
Artesian Resources Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Artesian Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Artesian Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Artesian Resources generated a negative expected return over the last 90 days | |
| Artesian Resources has accumulated 181.06 M in total debt with debt to equity ratio (D/E) of 1.03, which is about average as compared to similar companies. Artesian Resources has a current ratio of 0.5, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Note, when we think about Artesian Resources' use of debt, we should always consider it together with its cash and equity. | |
| Artesian Resources has a strong financial position based on the latest SEC filings | |
| About 61.0% of Artesian Resources shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Insight into T. Rowe Price Investment Managements Recent Stake Increase in Artesian Resources Corp |
Artesian Resources Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Artesian Stock often depends not only on the future outlook of the current and potential Artesian Resources' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Artesian Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10 M | |
| Cash And Short Term Investments | 2.5 M |
Artesian Resources Technical Analysis
Artesian Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Artesian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Artesian Resources. In general, you should focus on analyzing Artesian Stock price patterns and their correlations with different microeconomic environments and drivers.
Artesian Resources Predictive Forecast Models
Artesian Resources' time-series forecasting models is one of many Artesian Resources' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Artesian Resources' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Artesian Resources
Checking the ongoing alerts about Artesian Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Artesian Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Artesian Resources generated a negative expected return over the last 90 days | |
| Artesian Resources has accumulated 181.06 M in total debt with debt to equity ratio (D/E) of 1.03, which is about average as compared to similar companies. Artesian Resources has a current ratio of 0.5, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Note, when we think about Artesian Resources' use of debt, we should always consider it together with its cash and equity. | |
| Artesian Resources has a strong financial position based on the latest SEC filings | |
| About 61.0% of Artesian Resources shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Insight into T. Rowe Price Investment Managements Recent Stake Increase in Artesian Resources Corp |
Check out Artesian Resources Backtesting, Artesian Resources Valuation, Artesian Resources Correlation, Artesian Resources Hype Analysis, Artesian Resources Volatility, Artesian Resources History as well as Artesian Resources Performance. For information on how to trade Artesian Stock refer to our How to Trade Artesian Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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 0.347 | Dividend Share 1.17 | Earnings Share 1.95 | Revenue Per Share 10.266 | Quarterly Revenue Growth 0.097 |
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.