Cadiz Depositary Correlations
| CDZIP Preferred Stock | USD 18.56 0.16 0.85% |
The correlation of Cadiz Depositary 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Cadiz Depositary Correlation With Market
Very good diversification
The correlation between Cadiz Depositary Shares and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cadiz Depositary Shares and DJI in the same portfolio, assuming nothing else is changed.
Cadiz |
The ability to find closely correlated positions to Cadiz Depositary could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cadiz Depositary when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cadiz Depositary - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cadiz Depositary Shares to buy it.
Moving together with Cadiz Preferred Stock
| 0.86 | CDZI | Cadiz Inc | PairCorr |
| 0.82 | ENIC | Enel Chile SA | PairCorr |
| 0.92 | ALE | Allete Inc Earnings Call Tomorrow | PairCorr |
Moving against Cadiz Preferred Stock
| 0.9 | AWR | American States Water Earnings Call This Week | PairCorr |
| 0.87 | MSEX | Middlesex Water | PairCorr |
| 0.86 | YORW | York Water | PairCorr |
| 0.81 | CWT | California Water Service | PairCorr |
| 0.8 | WTRG | Essential Utilities Earnings Call This Week | PairCorr |
| 0.8 | ARTNA | Artesian Resources | PairCorr |
| 0.73 | AWK | American Water Works | PairCorr |
| 0.73 | GWRS | Global Water Resources | PairCorr |
| 0.71 | CMS-PC | CMS Energy | PairCorr |
| 0.7 | PCYO | Pure Cycle | PairCorr |
| 0.6 | HE | Hawaiian Electric | PairCorr |
| 0.59 | SJW | SJW Group Common Earnings Call This Week | PairCorr |
| 0.55 | CMS-PB | Consumers Energy | PairCorr |
| 0.53 | FE | FirstEnergy | PairCorr |
| 0.51 | VGAS | Verde Clean Fuels | PairCorr |
| 0.39 | SO | Southern | PairCorr |
| 0.37 | ES | Eversource Energy | PairCorr |
| 0.34 | D | Dominion Energy Earnings Call This Week | PairCorr |
| 0.92 | AES | AES Earnings Call This Week | PairCorr |
| 0.83 | BEP | Brookfield Renewable | PairCorr |
| 0.57 | BKH | Black Hills | PairCorr |
| 0.5 | CPK | Chesapeake Utilities Earnings Call This Week | PairCorr |
| 0.44 | AVA | Avista Earnings Call This Week | PairCorr |
| 0.43 | BIP | Brookfield Infrastructure | PairCorr |
| 0.39 | AQN | Algonquin Power Utilities | PairCorr |
| 0.39 | CIG | Companhia Energetica | PairCorr |
| 0.33 | RNWWW | ReNew Energy Global | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cadiz Preferred Stock performing well and Cadiz Depositary 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 Depositary'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AUVIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HCDIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATLCP | 0.65 | 0.05 | 0.06 | 0.40 | 0.73 | 1.44 | 3.38 | |||
| CSSEP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LFMDP | 1.00 | 0.05 | 0.03 | (0.58) | 1.19 | 2.53 | 7.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cadiz Depositary without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cadiz Depositary Corporate Management
| Keith Brackpool | Founder Director | Profile | |
| Susan Kennedy | Ex Directors | Profile | |
| Teffiny Bagnara | Controller | Profile | |
| Stanley Speer | CFO Sec | Profile | |
| Lesley Thornburg | Operations Mang | Profile | |
| Courtney Degener | Communications Relations | Profile | |
| Scott Slater | CEO Pres | Profile |