MSEX vs. LEG
MSEX (Middlesex Water Company) and LEG (Leggett & Platt, Incorporated) are both stocks. MSEX operates in Utilities - Regulated Water (Utilities), while LEG operates in Furnishings, Fixtures & Appliances (Consumer Cyclical). Over the past 10 years, MSEX returned 5.43%/yr vs -12.01%/yr for LEG. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
MSEX vs. LEG - Performance Comparison
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Returns By Period
In the year-to-date period, MSEX achieves a 15.19% return, which is significantly higher than LEG's -10.05% return. Over the past 10 years, MSEX has outperformed LEG with an annualized return of 5.43%, while LEG has yielded a comparatively lower -12.01% annualized return.
MSEX
- 1D
- 2.67%
- 1M
- 1.29%
- 6M
- 10.88%
- YTD
- 15.19%
- 1Y
- 14.06%
- 3Y*
- -8.48%
- 5Y*
- -9.05%
- 10Y*
- 5.43%
- ALL TIME*
- 10.57%
LEG
- 1D
- -2.20%
- 1M
- -16.02%
- 6M
- -15.21%
- YTD
- -10.05%
- 1Y
- 4.60%
- 3Y*
- -29.16%
- 5Y*
- -24.27%
- 10Y*
- -12.01%
- ALL TIME*
- 6.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.50M | $23.27M | $28.03M | |
| $6.97M | $11.03M | $8.63M |
MSEX vs. LEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEX Middlesex Water Company | 15.19% | -1.65% | -18.00% | -15.19% | -33.75% | 68.50% | 15.78% | 21.12% | 36.54% | -4.92% |
LEG Leggett & Platt, Incorporated | -10.05% | 17.02% | -61.93% | -13.45% | -17.78% | -3.76% | -9.05% | 47.13% | -22.25% | 0.58% |
Correlation
The correlation between MSEX and LEG is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.29 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.22 |
The correlation between MSEX and LEG shifts across timeframes, from 0.18 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MSEX:
$1.07B
LEG:
$1.34B
MSEX:
$3.49
LEG:
$1.60
MSEX:
16.44
LEG:
6.13
MSEX:
3.82
LEG:
0.45
MSEX:
$206.14M
LEG:
$3.03B
MSEX:
$65.77M
LEG:
$717.40M
MSEX:
$91.33M
LEG:
$433.10M
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Return for Risk
MSEX vs. LEG — Risk / Return Rank
MSEX
LEG
MSEX vs. LEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Middlesex Water Company (MSEX) and Leggett & Platt, Incorporated (LEG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSEX | LEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.06 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 0.16 | +0.51 |
| Martin ratioReturn relative to average drawdown | 1.16 | 0.34 | +0.82 |
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Drawdowns
MSEX vs. LEG - Drawdown Comparison
The maximum MSEX drawdown since its inception was -60.51%, smaller than the maximum LEG drawdown of -86.41%. Use the drawdown chart below to compare losses from any high point for MSEX and LEG.
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Drawdown Indicators
| MSEX | LEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.51% | -86.41% | +25.90% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -28.51% | +7.47% |
Max Drawdown (3Y)Largest decline over 3 years | -43.09% | -76.68% | +33.59% |
Max Drawdown (5Y)Largest decline over 5 years | -60.51% | -84.29% | +23.78% |
Max Drawdown (10Y)Largest decline over 10 years | -60.51% | -86.41% | +25.90% |
Current DrawdownCurrent decline from peak | -47.81% | -79.20% | +31.39% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -19.84% | +6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.11% | 13.72% | -1.61% |
Volatility
MSEX vs. LEG - Volatility Comparison
The current volatility for Middlesex Water Company (MSEX) is 7.79%, while Leggett & Platt, Incorporated (LEG) has a volatility of 11.32%. This indicates that MSEX experiences smaller price fluctuations and is considered to be less risky than LEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEX | LEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 11.32% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 18.68% | 32.38% | -13.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.22% | 49.36% | -19.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.45% | 42.74% | -12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 39.96% | -7.63% |
Dividends
MSEX vs. LEG - Dividend Comparison
MSEX's dividend yield for the trailing twelve months is around 2.48%, more than LEG's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEG Leggett & Platt, Incorporated | 2.04% | 1.82% | 6.35% | 6.95% | 5.40% | 4.03% | 3.61% | 3.11% | 4.19% | 2.98% | 2.74% | 3.00% |
MSEX Middlesex Water Company | 2.48% | 2.74% | 2.50% | 1.92% | 1.50% | 1.16% | 1.44% | 1.54% | 1.71% | 2.15% | 1.88% | 2.92% |
Financials
MSEX vs. LEG - Financials Comparison
This section allows you to compare key financial metrics between Middlesex Water Company and Leggett & Platt, Incorporated. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
MSEX and LEG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEG has higher volatility (11.32%) compared to MSEX (7.79%). In terms of maximum drawdown, MSEX dropped -60.51% vs LEG's -86.41%.
MSEX currently has the higher Sharpe Ratio (0.47 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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