Middlesex Water Company (MSEX) Daily/Weekly Backtest Results crown

Buy indicator:                
              [ What are these indicators? | Switch to MSEX's monthly backtests ]
Fixed profit target:               -or-  

Expectancy: -2.07%.   Win rate: 76.92%.   Sharpe Ratio: -0.906.   Maximum drawdown: -53.89% on 08 April 2024.
Mean CAGR: 86.95%. Time in market: 2904 days.   Hypothetical return: $1000 would be worth $954.46 on 04 April 2024.
Key: change_history : profitable trade change_history : breakeven trade (minimal loss after 2 years) change_history : losing trade (not profitable in a 2 year timeframe)


*Transaction costs, taxes and dividends are excluded from these calculations. Past performance may not necessarily be a reliable guide to future performance.

Calculations for Middlesex Water Company

Expectancy is the percentage profit or loss you would expect to make on the next purchase of this stock with an entry point at the specified signal and profit target as set above. Given a large enough sample size, a positive expectancy indicates the trading strategy is likely to be profitable.

Expectancy calculation for 13 signal(s) occurring before 06 April 2024 for a 7.5% profit target: (76.92% * 8.34%) + (0% * 0%) - (23.08% * 36.76%) = -2.07%.
Wins: 10 Breakevens: 0 Losses: 3

To even out CAGR calculations, large individual returns from particularly quick trades have been capped at 300%.

The Sharpe Ratio calculation assumes a risk free return rate of 2% per calendar year. Ideally the ratio should be a positive number. A higher positive number indicates the strategy has a more attractive risk adjusted rate of return for this particular buy signal and stock over the chart's timeframe.

Middlesex Water Company Analysis

Market sector: Utilities.

External links: Seeking Alpha Research, Zacks Research.

These links may show useful information about why a stock's price has fallen significantly.

 

Large Gap Down Backtest Summary (Fixed Profits System)

This table summarises how profitable it would have been to have bought this stock at each large gap down entry signal. Hover over the icons to see more details of the particular trade, including the maximum percentage drawdown and how long it took to reach the desired percentage profit.

Key:   disabled_by_default = profit point not achieved. select_check_box = profit point achieved with CAGR above 15%.
select_check_box = profit point achieved with CAGR of between 5% and 15%. select_check_box = profit point achieved but CAGR was less than 5%.

Signal Date and Score Buy Signal Price Performance (mouseover for details)
5% 6% 7.5% 10% 20%
13 April 2026   LOW     Gap Down $ 53.75 schedule schedule schedule schedule schedule
29 October 2025   MEDIUM     Gap Down $ 59.40 schedule schedule schedule schedule schedule
25 June 2025   MEDIUM     Gap Down $ 55.54 select_check_box select_check_box select_check_box electric_bolt select_check_box electric_bolt schedule
02 May 2025   MEDIUM   smart_toy0.982   mode_heat Gap Down $ 59.10 schedule schedule schedule schedule schedule
22 January 2025   HIGH   smart_toy0.958   mode_heat Gap Down $ 49.91 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
18 December 2024   MEDIUM     Gap Down $ 57.36 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt schedule
12 November 2024   HIGH     Gap Down $ 68.18 schedule schedule schedule schedule schedule
11 September 2024   HIGH     Gap Down $ 62.80 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_bolt schedule
05 August 2024   HIGH     Gap Down $ 62.61 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt schedule
28 May 2024   HIGH     Gap Down $ 52.57 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt
13 February 2024   MEDIUM     Gap Down $ 55.34 select_check_box select_check_box select_check_box select_check_box electric_bolt select_check_box electric_bolt
23 June 2023  bubble_chart   HIGH     Gap Down $ 80.05 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
01 August 2022  bubble_chart   MEDIUM     Gap Down $ 91.29 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
04 April 2022  bubble_chart   MEDIUM     Gap Down $ 105.87 disabled_by_default disabled_by_default disabled_by_default disabled_by_default disabled_by_default
01 November 2021  bubble_chart   MEDIUM     Gap Down $ 104.19 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_bolt select_check_box electric_bolt disabled_by_default
27 January 2021   MEDIUM     Gap Down $ 79.64 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box select_check_box electric_bolt select_check_box electric_bolt
01 April 2020   MEDIUM   smart_toy0.977   mode_heat Gap Down $ 55.92 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt
07 November 2019   MEDIUM     Gap Down $ 61.52 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box
01 August 2019   MEDIUM     Gap Down $ 59.32 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box
17 December 2018   HIGH     Gap Down $ 55.02 select_check_box electric_bolt select_check_box electric_bolt select_check_box select_check_box electric_bolt select_check_box
06 June 2018  bubble_chart   HIGH     Gap Down $ 41.87 select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt select_check_box electric_bolt
17 June 2016  bubble_chart   LOW     Gap Down $ 36.76 select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box select_check_box
26 February 2016   LOW     Gap Down $ 25.82 select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_boltelectric_bolt select_check_box electric_boltelectric_bolt select_check_box electric_boltelectric_bolt

 

The data for Middlesex Water Company (exchange: XNAS symbol: MSEX) was last updated 14 Apr 2026 13:05. Data for this stock is available from 01 Sep 2015 - 13 Apr 2026.