Consolidated Water Correlations
| CWCO Stock | USD 23.77 2.73 10.30% |
The current 90-days correlation between Consolidated Water and The York Water is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Consolidated Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consolidated Water Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Consolidated Water Correlation With Market
Average diversification
The correlation between Consolidated Water Co and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consolidated Water Co and DJI in the same portfolio, assuming nothing else is changed.
Consolidated |
Moving together with Consolidated Stock
| 0.67 | AWK | American Water Works | PairCorr |
| 0.67 | SJW | SJW Group Common | PairCorr |
| 0.71 | ED | Consolidated Edison | PairCorr |
| 0.69 | NI | NiSource | PairCorr |
| 0.74 | SO | Southern | PairCorr |
| 0.75 | SR | Spire Inc | PairCorr |
| 0.75 | ENIC | Enel Chile SA | PairCorr |
| 0.73 | EVRG | Evergy, | PairCorr |
| 0.75 | AEE | Ameren Corp Sell-off Trend | PairCorr |
| 0.76 | AEP | American Electric Power | PairCorr |
| 0.71 | ALE | Allete Inc | PairCorr |
| 0.67 | AQN | Algonquin Power Utilities | PairCorr |
Moving against Consolidated Stock
| 0.57 | PCYO | Pure Cycle | PairCorr |
| 0.72 | VSTE | Vast Renewables | PairCorr |
| 0.42 | RNWWW | ReNew Energy Global | PairCorr |
| 0.38 | BIP | Brookfield Infrastructure | PairCorr |
| 0.37 | WAVE | Eco Wave Power | PairCorr |
| 0.36 | ADN | Advent Technologies | PairCorr |
| 0.35 | CMS-PC | CMS Energy | PairCorr |
Related Correlations Analysis
| 0.67 | 0.88 | 0.82 | -0.24 | 0.53 | 0.87 | SJW | ||
| 0.67 | 0.82 | 0.87 | -0.12 | 0.71 | 0.69 | MSEX | ||
| 0.88 | 0.82 | 0.93 | -0.05 | 0.76 | 0.92 | CWT | ||
| 0.82 | 0.87 | 0.93 | -0.2 | 0.8 | 0.88 | YORW | ||
| -0.24 | -0.12 | -0.05 | -0.2 | 0.13 | 0.0 | GWRS | ||
| 0.53 | 0.71 | 0.76 | 0.8 | 0.13 | 0.73 | AWR | ||
| 0.87 | 0.69 | 0.92 | 0.88 | 0.0 | 0.73 | ARTNA | ||
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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 Consolidated Stock performing well and Consolidated Water 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 Consolidated Water'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SJW | 1.40 | (0.04) | 0.00 | (0.24) | 0.00 | 3.31 | 10.19 | |||
| MSEX | 1.71 | 0.06 | 0.05 | (0.23) | 1.90 | 3.60 | 19.17 | |||
| CWT | 1.19 | (0.06) | 0.00 | (0.21) | 0.00 | 2.37 | 7.58 | |||
| YORW | 1.12 | (0.04) | 0.00 | 1.46 | 0.00 | 2.68 | 6.67 | |||
| GWRS | 1.15 | (0.22) | 0.00 | (1.28) | 0.00 | 2.31 | 5.86 | |||
| AWR | 1.16 | (0.15) | 0.00 | 0.35 | 0.00 | 2.28 | 7.60 | |||
| ARTNA | 1.28 | (0.10) | 0.00 | (4.15) | 0.00 | 2.46 | 6.58 |
Consolidated Water Corporate Executives
Elected by the shareholders, the Consolidated Water's board of directors comprises two types of representatives: Consolidated Water inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Consolidated. The board's role is to monitor Consolidated Water's management team and ensure that shareholders' interests are well served. Consolidated Water's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Consolidated Water's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David CPA | Executive CFO | Profile | |
| David Sasnett | CFO and Executive VP | Profile |