California Water Service Stock Market Value
| CWT Stock | USD 51.98 0.38 0.74% |
| Symbol | California |
California Water Service 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 California Water. If investors know California 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 California Water 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 0.725 | Dividend Share 1.1 | Earnings Share 3.49 | Revenue Per Share 17.691 | Quarterly Revenue Growth 0.175 |
The market value of California Water Service is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Water's value that differs from its market value or its book value, called intrinsic value, which is California 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 California Water's market value can be influenced by many factors that don't directly affect California 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 California Water's value and its price as these two are different measures arrived at by different means. Investors typically determine if California Water is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California 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.
California Water '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 California Water's 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 California Water.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in California Water on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding California Water Service or generate 0.0% return on investment in California Water over 300 days. California Water is related to or competes with SJW Group, Artesian Resources, York Water, American States, Middlesex Water, Global Water, and Essential Utilities. California Water Service Group, through its subsidiaries, provides water utility and other related services in Californi... More
California Water 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 California Water's 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 California Water Service upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 6.56 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 1.88 |
California Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for California Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as California Water's standard deviation. In reality, there are many statistical measures that can use California Water historical prices to predict the future California Water's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of California Water's 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.
California Water Service Backtested Returns
California Water Service secures Sharpe Ratio (or Efficiency) of -0.0513, which signifies that the company had a -0.0513% return per unit of risk over the last 3 months. California Water Service exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm California Water's Risk Adjusted Performance of (0.01), mean deviation of 0.9626, and Standard Deviation of 1.26 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, California Water's returns are expected to increase less than the market. However, during the bear market, the loss of holding California Water is expected to be smaller as well. At this point, California Water Service has a negative expected return of -0.0651%. Please make sure to confirm California Water's standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if California Water Service performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
California Water Service has very weak reverse predictability. Overlapping area represents the amount of predictability between California Water time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th of November 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 California Water Service price movement. The serial correlation of -0.07 indicates that barely 7.0% of current California Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 2.93 |
California Water Service lagged returns against current returns
Autocorrelation, which is California Water 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 California Water's stock expected returns. We can calculate the autocorrelation of California Water returns to help us make a trade decision. For example, suppose you find that California Water 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 |
California Water 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 California Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if California Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in California Water stock over time.
Current vs Lagged Prices |
| Timeline |
California Water Lagged Returns
When evaluating California Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of California Water stock have on its future price. California Water 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, California Water autocorrelation shows the relationship between California Water stock current value and its past values and can show if there is a momentum factor associated with investing in California Water Service.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for California Stock Analysis
When running California Water's price analysis, check to measure California 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 California Water is operating at the current time. Most of California Water's value examination focuses on studying past and present price action to predict the probability of California 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 California Water's price. Additionally, you may evaluate how the addition of California Water to your portfolios can decrease your overall portfolio volatility.