Essential Utilities Stock Market Value
| WTRG Stock | USD 40.11 0.58 1.47% |
| Symbol | Essential |
Essential Utilities 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 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 (0.17) | Dividend Share 1.247 | Earnings Share 2.02 | Revenue Per Share 7.169 | Quarterly Revenue Growth 0.058 |
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.
Essential Utilities '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 Essential Utilities' 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 Essential Utilities.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Essential Utilities on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Essential Utilities or generate 0.0% return on investment in Essential Utilities over 30 days. Essential Utilities is related to or competes with American States, California Water, Consolidated Water, SJW Group, Middlesex Water, York Water, and Artesian Resources. Essential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, or nat... More
Essential Utilities 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 Essential Utilities' 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 Essential Utilities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.96 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 1.88 |
Essential Utilities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Essential Utilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Essential Utilities' standard deviation. In reality, there are many statistical measures that can use Essential Utilities historical prices to predict the future Essential Utilities' volatility.| Risk Adjusted Performance | 0.0379 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1102 |
Essential Utilities Backtested Returns
At this point, Essential Utilities is very steady. Essential Utilities secures Sharpe Ratio (or Efficiency) of 0.0542, which denotes the company had a 0.0542% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Essential Utilities, which you can use to evaluate the volatility of the firm. Please confirm Essential Utilities' Coefficient Of Variation of 2218.73, downside deviation of 1.19, and Mean Deviation of 0.8939 to check if the risk estimate we provide is consistent with the expected return of 0.0635%. Essential Utilities has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, Essential Utilities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Essential Utilities is expected to be smaller as well. Essential Utilities right now shows a risk of 1.17%. Please confirm Essential Utilities downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Essential Utilities will be following its price patterns.
Auto-correlation | 0.50 |
Modest predictability
Essential Utilities has modest predictability. Overlapping area represents the amount of predictability between Essential Utilities time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Essential Utilities price movement. The serial correlation of 0.5 indicates that about 50.0% of current Essential Utilities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Essential Utilities lagged returns against current returns
Autocorrelation, which is Essential Utilities 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 Essential Utilities' stock expected returns. We can calculate the autocorrelation of Essential Utilities returns to help us make a trade decision. For example, suppose you find that Essential Utilities 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 |
Essential Utilities 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 Essential Utilities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Essential Utilities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Essential Utilities stock over time.
Current vs Lagged Prices |
| Timeline |
Essential Utilities Lagged Returns
When evaluating Essential Utilities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Essential Utilities stock have on its future price. Essential Utilities 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, Essential Utilities autocorrelation shows the relationship between Essential Utilities stock current value and its past values and can show if there is a momentum factor associated with investing in Essential Utilities.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Essential Utilities is a strong investment it is important to analyze Essential Utilities' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Essential Utilities' future performance. For an informed investment choice regarding Essential Stock, refer to the following important reports:Check out Essential Utilities Correlation, Essential Utilities Volatility and Essential Utilities Alpha and Beta module to complement your research on Essential Utilities. 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Essential Utilities 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.