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 4.97%/yr vs -11.64%/yr for LEG. At a 0.22 correlation, their price movements are largely independent.
Performance
MSEX vs. LEG - Performance Comparison
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Returns By Period
In the year-to-date period, MSEX achieves a 5.78% return, which is significantly higher than LEG's -8.64% return. Over the past 10 years, MSEX has outperformed LEG with an annualized return of 4.97%, while LEG has yielded a comparatively lower -11.64% annualized return.
MSEX
- 1D
- -1.41%
- 1M
- 2.77%
- YTD
- 5.78%
- 6M
- 4.49%
- 1Y
- -3.59%
- 3Y*
- -12.32%
- 5Y*
- -7.76%
- 10Y*
- 4.97%
LEG
- 1D
- -0.10%
- 1M
- -0.60%
- YTD
- -8.64%
- 6M
- -8.50%
- 1Y
- 12.07%
- 3Y*
- -29.34%
- 5Y*
- -25.68%
- 10Y*
- -11.64%
MSEX vs. LEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEX Middlesex Water Company | 5.78% | -1.65% | -18.00% | -15.19% | -33.75% | 68.50% | 15.78% | 21.12% | 36.54% | -4.92% |
LEG Leggett & Platt, Incorporated | -8.64% | 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 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.22 |
Fundamentals
MSEX:
$3.22
LEG:
$1.60
MSEX:
16.34
LEG:
6.25
MSEX:
3.61
LEG:
0.46
MSEX:
$199.11M
LEG:
$3.03B
MSEX:
$66.33M
LEG:
$717.40M
MSEX:
$86.27M
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.
| MSEX | LEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.09 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.43 | -0.60 |
| Martin ratioReturn relative to average drawdown | -0.30 | 0.89 | -1.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSEX | LEG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 0.25 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.61 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | -0.29 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.20 | +0.12 |
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 | -44.52% | -77.39% | +32.87% |
Max Drawdown (5Y)Largest decline over 5 years | -60.51% | -85.42% | +24.91% |
Max Drawdown (10Y)Largest decline over 10 years | -60.51% | -86.41% | +25.90% |
Current DrawdownCurrent decline from peak | -52.07% | -78.87% | +26.80% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -19.63% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.07% | 13.58% | -1.51% |
Volatility
MSEX vs. LEG - Volatility Comparison
The current volatility for Middlesex Water Company (MSEX) is 5.32%, while Leggett & Platt, Incorporated (LEG) has a volatility of 11.27%. 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 | 5.32% | 11.27% | -5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 30.79% | -12.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.28% | 49.55% | -19.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.16% | 42.40% | -11.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.34% | 39.77% | -7.43% |
Dividends
MSEX vs. LEG - Dividend Comparison
MSEX's dividend yield for the trailing twelve months is around 2.70%, more than LEG's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEG Leggett & Platt, Incorporated | 2.00% | 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 | 2.70% | 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 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEG has higher volatility (11.27%) compared to MSEX (5.32%). In terms of maximum drawdown, MSEX dropped -60.51% vs LEG's -86.41%.
LEG currently has the higher Sharpe Ratio (0.25 vs -0.12), 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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