Cadiz Depositary Correlations
| CDZIP Preferred Stock | USD 16.20 0.04 0.25% |
The current 90-days correlation between Cadiz Depositary Shares and Atlanticus Holdings Corp is 0.04 (i.e., Significant diversification). 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
Average diversification
The correlation between Cadiz Depositary Shares and DJI is 0.15 (i.e., Average 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
| 0.87 | PCYO | Pure Cycle | PairCorr |
| 0.79 | VIVHY | Vivendi SA PK | PairCorr |
| 0.86 | ARIS | Aris Water Solutions | PairCorr |
| 0.82 | AY | Atlantica Sustainable | PairCorr |
| 0.84 | NI | NiSource | PairCorr |
| 0.69 | ELLO | Ellomay Capital | PairCorr |
| 0.62 | EVRG | Evergy, | PairCorr |
| 0.77 | ADN | Advent Technologies | PairCorr |
| 0.75 | AEE | Ameren Corp Sell-off Trend | PairCorr |
Moving against Cadiz Preferred Stock
| 0.91 | ES | Eversource Energy | PairCorr |
| 0.85 | FE | FirstEnergy | PairCorr |
| 0.77 | AWK | American Water Works | PairCorr |
| 0.76 | CWT | California Water Service | PairCorr |
| 0.76 | SJW | SJW Group Common | PairCorr |
| 0.76 | ED | Consolidated Edison | PairCorr |
| 0.59 | YORW | York Water | PairCorr |
| 0.58 | ARTNA | Artesian Resources | PairCorr |
| 0.37 | SBS | Companhia de Saneamento | PairCorr |
| 0.89 | EBR | Centrais Electricas | PairCorr |
| 0.86 | ELPC | Companhia Paranaense Potential Growth | PairCorr |
| 0.85 | AES | AES | PairCorr |
| 0.85 | AQN | Algonquin Power Utilities | PairCorr |
| 0.78 | RNWWW | ReNew Energy Global | PairCorr |
| 0.73 | AEP | American Electric Power | PairCorr |
| 0.64 | DTW | DTE Energy | PairCorr |
| 0.6 | DTE | DTE Energy | PairCorr |
| 0.4 | AVA | Avista | PairCorr |
| 0.39 | DUK | Duke Energy Sell-off Trend | PairCorr |
| 0.32 | CIG | Companhia Energetica | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATLCP | 0.51 | 0.08 | (0.05) | 0.69 | 0.39 | 1.28 | 2.71 | |||
| LFMDP | 1.03 | 0.02 | (0.05) | 0.18 | 1.22 | 2.17 | 7.37 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSTSX | 0.48 | (0.04) | (0.13) | 0.06 | 0.50 | 1.21 | 2.80 | |||
| ABHYX | 0.17 | 0.02 | (0.25) | (0.03) | 0.26 | 0.34 | 1.91 | |||
| LBHIX | 0.11 | 0.01 | (0.41) | 0.46 | 0.00 | 0.24 | 0.96 | |||
| SCAXF | 0.70 | (0.37) | 0.00 | (25.57) | 0.00 | 0.00 | 23.47 | |||
| VIASP | 0.72 | 0.00 | (0.02) | 0.00 | 1.05 | 2.28 | 7.18 | |||
| RRTLX | 0.24 | (0.02) | (0.31) | 0.05 | 0.24 | 0.56 | 1.37 | |||
| OSHDF | 39.65 | 20.22 | 0.00 | (24.88) | 0.00 | 0.00 | 1,329 |
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 |