Consolidated Water Correlations

CWCO Stock

USD 27.58 0.45 1.66%

The current 90-days correlation between Consolidated Water and Middlesex Water is 0.63 (i.e., Poor 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

Weak diversification

The correlation between Consolidated Water Co and DJI is 0.32 (i.e., Weak 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.

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

Moving together with Consolidated Stock

0.64	CDZIP	Cadiz Depositary Shares	Pair Corr
0.84	SBS	Companhia de Saneamento	Pair Corr
0.71	ED	Consolidated Edison	Pair Corr
0.68	ES	Eversource Energy	Pair Corr
0.62	FE	FirstEnergy	Pair Corr
0.72	NI	NiSource Sell-off Trend	Pair Corr
0.71	SO	Southern	Pair Corr
0.89	SR	Spire Inc	Pair Corr
0.82	ELPC	Companhia Paranaense Earnings Call Tomorrow	Pair Corr
0.74	EVRG	Evergy, Earnings Call Tomorrow	Pair Corr
0.86	AEE	Ameren Corp	Pair Corr
0.73	AEP	American Electric Power	Pair Corr
0.7	AQN	Algonquin Power Utilities	Pair Corr
0.84	ATO	Atmos Energy	Pair Corr

Moving against Consolidated Stock

0.5	RNWWW	ReNew Energy Global	Pair Corr
0.64	WAVE	Eco Wave Power	Pair Corr
0.63	EIX	Edison International Sell-off Trend	Pair Corr
0.54	EDN	Empresa Distribuidora	Pair Corr
0.34	AES	AES Aggressive Push	Pair Corr

Related Correlations Analysis

	SJW	MSEX	CWT	YORW	GWRS	AWR	ARTNA
SJW		0.72	0.85	0.83	0.44	0.68	0.86	SJW
MSEX	0.72		0.96	0.8	0.55	0.78	0.86	MSEX
CWT	0.85	0.96		0.84	0.49	0.78	0.91	CWT
YORW	0.83	0.8	0.84		0.65	0.94	0.96	YORW
GWRS	0.44	0.55	0.49	0.65		0.78	0.71	GWRS
AWR	0.68	0.78	0.78	0.94	0.78		0.91	AWR
ARTNA	0.86	0.86	0.91	0.96	0.71	0.91		ARTNA
	SJW	MSEX	CWT	YORW	GWRS	AWR	ARTNA

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SJW	1.36	(0.01)	(0.02)	3.31	(2.65)	8.48
MSEX	1.27	(0.33)	(0.66)	2.69	(2.82)	7.81
CWT	1.12	(0.11)	(0.20)	2.14	(2.47)	6.79
YORW	0.96	(0.11)	(0.22)	2.52	(3.12)	6.65
GWRS	1.26	(0.25)	(0.42)	2.71	(3.18)	6.71
AWR	1.09	(0.15)	(0.19)	2.36	(2.90)	6.73
ARTNA	1.17	(0.07)	(0.16)	2.46	(3.16)	6.25

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

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