York Water Correlations

YORW Stock

USD 33.60 0.88 2.69%

The current 90-days correlation between York Water and Artesian Resources is 0.74 (i.e., Poor diversification). The correlation of York Water 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.

York Water Correlation With Market

Average diversification

The correlation between The York Water and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The York Water and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in The York Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with York Stock

0.96	WTRG	Essential Utilities	Pair Corr
0.86	AWK	American Water Works	Pair Corr
0.96	AWR	American States Water	Pair Corr
0.95	CWT	California Water Service Earnings Call Today	Pair Corr
0.87	SJW	SJW Group Common	Pair Corr
0.75	GWRS	Global Water Resources Earnings Call This Week	Pair Corr
0.97	ARTNA	Artesian Resources	Pair Corr
0.92	MSEX	Middlesex Water Earnings Call Today	Pair Corr
0.84	PCYO	Pure Cycle	Pair Corr
0.71	ES	Eversource Energy	Pair Corr
0.7	FE	FirstEnergy	Pair Corr
0.81	HE	Hawaiian Electric	Pair Corr
0.67	CMS-PB	Consumers Energy	Pair Corr
0.77	CMS-PC	CMS Energy	Pair Corr
0.61	AES	AES Aggressive Push	Pair Corr
0.63	AQN	Algonquin Power Utilities	Pair Corr
0.71	AVA	Avista	Pair Corr

Moving against York Stock

0.75	CDZI	Cadiz Inc	Pair Corr
0.46	CDZIP	Cadiz Depositary Shares	Pair Corr
0.63	CEG	Constellation Energy Corp	Pair Corr
0.52	ALE	Allete Inc	Pair Corr
0.48	ELLO	Ellomay Capital	Pair Corr
0.4	ENIC	Enel Chile SA Earnings Call Today	Pair Corr

Related Correlations Analysis

	CWT	SJW	ARTNA	AWR	MSEX	GWRS	CWCO
CWT		0.87	0.97	0.95	0.96	0.85	0.12	CWT
SJW	0.87		0.89	0.76	0.74	0.58	0.4	SJW
ARTNA	0.97	0.89		0.93	0.93	0.79	0.15	ARTNA
AWR	0.95	0.76	0.93		0.96	0.84	-0.1	AWR
MSEX	0.96	0.74	0.93	0.96		0.91	-0.05	MSEX
GWRS	0.85	0.58	0.79	0.84	0.91		-0.02	GWRS
CWCO	0.12	0.4	0.15	-0.1	-0.05	-0.02		CWCO
	CWT	SJW	ARTNA	AWR	MSEX	GWRS	CWCO

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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

ARTNA	+ 0.97	CWT
MSEX	+ 0.96	CWT
MSEX	+ 0.96	AWR
AWR	+ 0.95	CWT
AWR	+ 0.93	ARTNA
MSEX	+ 0.93	ARTNA

High negative correlations

CWCO	- 0.1	AWR
CWCO	- 0.05	MSEX
CWCO	- 0.02	GWRS

Risk-Adjusted Indicators

There is a big difference between York Stock performing well and York 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 York 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
CWT	1.12	(0.11)	0.00	(0.20)	0.00	0.00	2.14	(2.47)	6.79
SJW	1.28	0.00	0.00	0.01	1.69	(1.29)	3.31	(2.32)	8.48
ARTNA	1.12	(0.06)	0.00	(0.28)	0.00	0.00	2.27	(2.86)	6.25
AWR	1.02	(0.13)	0.00	(0.23)	0.00	0.00	2.28	(2.35)	6.73
MSEX	1.27	(0.33)	0.00	(0.66)	0.00	0.00	2.69	(2.82)	7.81
GWRS	1.27	(0.16)	0.00	(0.32)	0.00	0.00	2.46	(3.04)	6.86
CWCO	1.26	0.08	0.05	0.12	1.47	(1.39)	2.38	(2.01)	9.49

York Water Corporate Management

Alexandra Chiaruttini	Chief Counsel	Profile
Matthew Scarpato	Vice Operations	Profile
Ashley Grimm	Vice Secretary	Profile
Alexandria Chiaruttini	Chief Counsel	Profile
Mark Wheeler	COO Sec	Profile
Molly Houck	Investor Administrator	Profile

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