MSEX vs. TR
MSEX (Middlesex Water Company) and TR (Tootsie Roll Industries, Inc.) are both stocks. MSEX operates in Utilities - Regulated Water (Utilities), while TR operates in Confectioners (Consumer Defensive). Over the past 10 years, MSEX returned 4.97%/yr vs 3.00%/yr for TR. At a 0.26 correlation, their price movements are largely independent.
Performance
MSEX vs. TR - Performance Comparison
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Returns By Period
In the year-to-date period, MSEX achieves a 5.78% return, which is significantly lower than TR's 7.02% return. Over the past 10 years, MSEX has outperformed TR with an annualized return of 4.97%, while TR has yielded a comparatively lower 3.00% 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%
TR
- 1D
- -1.07%
- 1M
- -10.64%
- YTD
- 7.02%
- 6M
- 5.55%
- 1Y
- 13.98%
- 3Y*
- 3.63%
- 5Y*
- 5.88%
- 10Y*
- 3.00%
MSEX vs. TR - 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% |
TR Tootsie Roll Industries, Inc. | 7.02% | 17.87% | 1.36% | -18.76% | 22.25% | 27.01% | -12.02% | 3.23% | -7.18% | -4.77% |
Correlation
The correlation between MSEX and TR is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.26 |
Fundamentals
MSEX:
$3.22
TR:
$1.36
MSEX:
16.34
TR:
27.99
MSEX:
2.68
TR:
2.36
MSEX:
3.61
TR:
3.79
MSEX:
$199.11M
TR:
$735.61M
MSEX:
$66.33M
TR:
$257.59M
MSEX:
$86.27M
TR:
$138.31M
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Return for Risk
MSEX vs. TR — Risk / Return Rank
MSEX
TR
MSEX vs. TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Middlesex Water Company (MSEX) and Tootsie Roll Industries, Inc. (TR). 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 | TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 0.70 | -0.87 |
| Martin ratioReturn relative to average drawdown | -0.30 | 1.60 | -1.90 |
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 | TR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 0.53 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.24 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.12 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.31 | +0.01 |
Drawdowns
MSEX vs. TR - Drawdown Comparison
The maximum MSEX drawdown since its inception was -60.51%, which is greater than TR's maximum drawdown of -44.74%. Use the drawdown chart below to compare losses from any high point for MSEX and TR.
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Drawdown Indicators
| MSEX | TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.51% | -44.74% | -15.77% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -20.03% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -44.52% | -24.37% | -20.15% |
Max Drawdown (5Y)Largest decline over 5 years | -60.51% | -36.41% | -24.10% |
Max Drawdown (10Y)Largest decline over 10 years | -60.51% | -36.41% | -24.10% |
Current DrawdownCurrent decline from peak | -52.07% | -15.24% | -36.83% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -16.76% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.07% | 8.76% | +3.31% |
Volatility
MSEX vs. TR - Volatility Comparison
The current volatility for Middlesex Water Company (MSEX) is 5.32%, while Tootsie Roll Industries, Inc. (TR) has a volatility of 9.00%. This indicates that MSEX experiences smaller price fluctuations and is considered to be less risky than TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSEX | TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 9.00% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 16.41% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.28% | 26.36% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.16% | 24.97% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.34% | 25.27% | +7.07% |
Dividends
MSEX vs. TR - Dividend Comparison
MSEX's dividend yield for the trailing twelve months is around 2.70%, more than TR's 0.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TR Tootsie Roll Industries, Inc. | 0.93% | 0.98% | 1.11% | 1.08% | 0.85% | 0.99% | 1.21% | 1.05% | 1.08% | 0.99% | 0.91% | 1.11% |
Financials
MSEX vs. TR - Financials Comparison
This section allows you to compare key financial metrics between Middlesex Water Company and Tootsie Roll Industries, Inc.. 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
MSEX vs. TR - Profitability Comparison
MSEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Middlesex Water Company reported a gross profit of 0.00 and revenue of 48.71M. Therefore, the gross margin over that period was 0.0%.
TR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported a gross profit of 49.77M and revenue of 151.54M. Therefore, the gross margin over that period was 32.8%.
MSEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Middlesex Water Company reported an operating income of 13.10M and revenue of 48.71M, resulting in an operating margin of 26.9%.
TR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported an operating income of 23.21M and revenue of 151.54M, resulting in an operating margin of 15.3%.
MSEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Middlesex Water Company reported a net income of 10.61M and revenue of 48.71M, resulting in a net margin of 21.8%.
TR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tootsie Roll Industries, Inc. reported a net income of 17.66M and revenue of 151.54M, resulting in a net margin of 11.7%.
Frequently Asked Questions
MSEX and TR have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TR has higher volatility (9.00%) compared to MSEX (5.32%). In terms of maximum drawdown, MSEX dropped -60.51% vs TR's -44.74%.
TR currently has the higher Sharpe Ratio (0.53 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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