California Water Service Stock Alpha and Beta Analysis
| CWT Stock | USD 51.60 0.23 0.45% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as California Water Service. It also helps investors analyze the systematic and unsystematic risks associated with investing in California Water over a specified time horizon. Remember, high California Water's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to California Water's market risk premium analysis include:
Beta 0.56 | Alpha (0.13) | Risk 1.28 | Sharpe Ratio (0.04) | Expected Return (0.06) |
California Water Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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California Water Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. California Water market risk premium is the additional return an investor will receive from holding California Water long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in California Water. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate California Water's performance over market.| α | -0.13 | β | 0.56 |
California Water expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of California Water's Buy-and-hold return. Our buy-and-hold chart shows how California Water performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.California Water Market Price Analysis
Market price analysis indicators help investors to evaluate how California Water stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading California Water shares will generate the highest return on investment. By understating and applying California Water stock market price indicators, traders can identify California Water position entry and exit signals to maximize returns.
California Water Return and Market Media
The median price of California Water for the period between Sat, Aug 24, 2024 and Fri, Nov 22, 2024 is 52.93 with a coefficient of variation of 2.75. The daily time series for the period is distributed with a sample standard deviation of 1.45, arithmetic mean of 52.7, and mean deviation of 1.24. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Acquisition by Greg Milleman of 1616 shares of California Water at 45.37 subject to Rule 16b-3 | 08/30/2024 |
2 | American States Water Down 1.6 percent Since Last Earnings Report Can It Rebound | 09/05/2024 |
3 | Disposition of tradable shares by Shawn Bunting of California Water at 54.28 subject to Rule 16b-3 | 09/09/2024 |
4 | Disposition of 332 shares by Martin Kropelnicki of California Water at 54.28 subject to Rule 16b-3 | 09/20/2024 |
5 | Acquisition by James Sophie Marwieh of tradable shares of California Water subject to Rule 16b-3 | 10/02/2024 |
6 | Oil producer accused of contaminating water files for bankruptcy | 10/08/2024 |
7 | California Water Service declares 0.28 dividend | 10/30/2024 |
8 | California Water Service Group Lags Q3 Earnings Estimates | 10/31/2024 |
9 | California Water Service Group Third Quarter 2024 Earnings Revenues Beat Expectations, EPS Lags | 11/01/2024 |
10 | Victory Capital Management Inc. Sells 87,621 Shares of California Water Service Group - MarketBeat | 11/21/2024 |
| California Water dividend paid on 22nd of November 2024 | 11/22/2024 |
About California Water Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including California or other stocks. Alpha measures the amount that position in California Water Service has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0128 | 0.0165 | 0.02 | 0.0345 | Price To Sales Ratio | 4.69 | 3.89 | 3.72 | 3.9 |
California Water Upcoming Company Events
As portrayed in its financial statements, the presentation of California Water's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, California Water's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of California Water's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of California Water. Please utilize our Beneish M Score to check the likelihood of California Water's management manipulating its earnings.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with California Water
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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.