Cadiz Correlations

CDZI Stock

USD 3.44 0.08 2.27%

The current 90-days correlation between Cadiz Inc and The York Water is 0.04 (i.e., Significant diversification). The correlation of Cadiz is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Cadiz Correlation With Market

Significant diversification

The correlation between Cadiz Inc and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cadiz Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadiz Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Cadiz Stock

0.85	MSEX	Middlesex Water	Pair Corr
0.83	WTRG	Essential Utilities	Pair Corr
0.79	AWK	American Water Works	Pair Corr
0.76	YORW	York Water	Pair Corr
0.73	CWT	California Water Service	Pair Corr
0.7	AWR	American States Water	Pair Corr
0.67	ARTNA	Artesian Resources	Pair Corr
0.64	HE	Hawaiian Electric	Pair Corr
0.62	SJW	SJW Group Common	Pair Corr
0.62	CMS-PB	Consumers Energy	Pair Corr
0.61	ED	Consolidated Edison Sell-off Trend	Pair Corr
0.58	SO	Southern	Pair Corr
0.46	DUKB	Duke Energy Corp	Pair Corr
0.4	SR	Spire Inc	Pair Corr
0.37	CWCO	Consolidated Water Earnings Call This Week	Pair Corr
0.37	ES	Eversource Energy	Pair Corr
0.63	AVA	Avista	Pair Corr
0.59	CPK	Chesapeake Utilities	Pair Corr
0.55	CMS	CMS Energy	Pair Corr
0.55	CNP	CenterPoint Energy	Pair Corr
0.53	BKH	Black Hills	Pair Corr
0.5	DTE	DTE Energy	Pair Corr
0.5	DUK	Duke Energy	Pair Corr
0.5	FTS	Fortis Inc	Pair Corr
0.48	BEP	Brookfield Renewable	Pair Corr
0.44	AQN	Algonquin Power Utilities	Pair Corr
0.44	EBR	Centrais Electricas	Pair Corr

Related Correlations Analysis

	MSEX	SJW	CWT	YORW	CWCO	AWR	ARTNA
MSEX		0.69	0.85	0.88	0.39	0.82	0.79	MSEX
SJW	0.69		0.86	0.83	0.63	0.64	0.86	SJW
CWT	0.85	0.86		0.94	0.38	0.91	0.95	CWT
YORW	0.88	0.83	0.94		0.41	0.89	0.93	YORW
CWCO	0.39	0.63	0.38	0.41		0.09	0.38	CWCO
AWR	0.82	0.64	0.91	0.89	0.09		0.86	AWR
ARTNA	0.79	0.86	0.95	0.93	0.38	0.86		ARTNA
	MSEX	SJW	CWT	YORW	CWCO	AWR	ARTNA

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Risk-Adjusted Indicators

There is a big difference between Cadiz Stock performing well and Cadiz Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cadiz's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MSEX	1.70	0.00	0.06	(0.09)	1.88	(2.04)	3.60	(3.06)	19.17
SJW	1.39	0.04	0.06	0.05	1.76	(1.46)	3.31	(2.32)	10.19
CWT	1.18	(0.01)	0.00	(0.11)	0.00	0.00	2.37	(2.47)	7.58
YORW	1.09	0.00	0.07	(0.37)	1.52	(1.14)	2.68	(2.90)	6.67
CWCO	1.29	0.14	0.10	0.14	1.81	(1.38)	2.39	(2.00)	7.52
AWR	1.14	(0.06)	0.00	(0.27)	0.00	0.00	2.28	(2.90)	7.60
ARTNA	1.23	(0.04)	0.00	(0.75)	0.00	0.00	2.46	(3.00)	6.31

Cadiz Corporate Management

Susan Kennedy	Ex Directors	Profile
Cathryn Rivera	Chief Officer	Profile
Teffiny Bagnara	Controller	Profile
Courtney Degener	Investor Relations Manager	Profile
Lesley Thornburg	Operations Manager	Profile

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