H2O America Correlations

HTO Stock

56.51 1.39 2.40%

The current 90-days correlation between H2O America and Empresa Distribuidora y is -0.2 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as H2O America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if H2O America moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

H2O America Correlation With Market

Poor diversification

The correlation between H2O America and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding H2O America and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with H2O Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in H2O America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

To learn how to invest in H2O Stock, please use our How to Invest in H2O America guide.

Moving together with H2O Stock

0.67	SAJA	Companhia de Saneamento	Pair Corr
0.91	SII	Wheaton Precious Metals Earnings Call This Week	Pair Corr
0.76	7XZ	EKOPAK NV	Pair Corr
0.81	CW2	Consolidated Water	Pair Corr
0.74	CWT	California Water Service	Pair Corr
0.63	SBS	Companhia de Saneamento	Pair Corr
0.83	GWRS	Global Water Resources Earnings Call Today	Pair Corr
0.76	F1P	TTW Public	Pair Corr
0.93	ARTNA	Artesian Resources Earnings Call This Week	Pair Corr
0.79	UUEA	UNITED UTILITIES	Pair Corr
0.8	UUEC	United Utilities	Pair Corr
0.73	F1P2	TTW Public	Pair Corr
0.82	SVT	Severn Trent PLC	Pair Corr
0.83	A1T	AS Tallinna Vesi	Pair Corr
0.8	MSEX	Middlesex Water	Pair Corr
0.84	SVT1	Severn Trent Plc	Pair Corr
0.77	PNN	Pennon Group Plc	Pair Corr
0.63	HUN2	Beijing Enterprises Water	Pair Corr

Moving against H2O Stock

0.77	2WI	Yunnan Water Investment	Pair Corr
0.76	NXFIL	NX Filtration Holding	Pair Corr
0.41	CUBB	China Water Affairs	Pair Corr
0.62	POM	POMDOCTOR LIMITED	Pair Corr
0.52	MLEDR	Compagnie des Eaux	Pair Corr
0.44	PCYO	Pure Cycle	Pair Corr

Related Correlations Analysis

	EDN	NWN	WTTR	ELPC	CWT	MSEX	SPH	CTRI	HE	AWR
EDN		-0.39	-0.67	-0.48	-0.48	-0.63	-0.41	-0.72	-0.69	-0.36	EDN
NWN	-0.39		0.69	0.75	0.75	0.61	0.74	0.56	0.49	0.38	NWN
WTTR	-0.67	0.69		0.87	0.68	0.67	0.82	0.91	0.82	0.22	WTTR
ELPC	-0.48	0.75	0.87		0.72	0.59	0.9	0.82	0.79	0.16	ELPC
CWT	-0.48	0.75	0.68	0.72		0.82	0.72	0.57	0.59	0.58	CWT
MSEX	-0.63	0.61	0.67	0.59	0.82		0.57	0.67	0.5	0.76	MSEX
SPH	-0.41	0.74	0.82	0.9	0.72	0.57		0.75	0.77	0.1	SPH
CTRI	-0.72	0.56	0.91	0.82	0.57	0.67	0.75		0.84	0.15	CTRI
HE	-0.69	0.49	0.82	0.79	0.59	0.5	0.77	0.84		0.03	HE
AWR	-0.36	0.38	0.22	0.16	0.58	0.76	0.1	0.15	0.03		AWR
	EDN	NWN	WTTR	ELPC	CWT	MSEX	SPH	CTRI	HE	AWR

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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

CTRI	+ 0.91	WTTR
SPH	+ 0.9	ELPC
ELPC	+ 0.87	WTTR
HE	+ 0.84	CTRI
SPH	+ 0.82	WTTR
HE	+ 0.82	WTTR

High negative correlations

CTRI	- 0.72	EDN
HE	- 0.69	EDN
WTTR	- 0.67	EDN
MSEX	- 0.63	EDN
CWT	- 0.48	EDN
ELPC	- 0.48	EDN

Risk-Adjusted Indicators

There is a big difference between H2O Stock performing well and H2O America 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 H2O America'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
EDN	2.68	(0.41)	0.00	(0.25)	0.00	0.00	6.28	(5.29)	15.55
NWN	0.86	0.13	0.07	(0.61)	1.02	(0.94)	1.70	(1.98)	6.36
WTTR	2.31	0.50	0.19	0.34	2.23	(2.81)	6.72	(4.12)	19.15
ELPC	2.29	0.28	0.09	0.35	2.98	(2.36)	4.74	(4.49)	14.60
CWT	1.07	0.06	0.02	(0.52)	1.37	(1.13)	2.44	(2.23)	7.34
MSEX	1.04	0.13	0.07	(1.85)	1.23	(1.07)	2.76	(2.22)	5.40
SPH	0.83	0.12	0.07	(23.68)	0.96	(0.89)	1.52	(1.46)	4.87
CTRI	1.70	0.48	0.32	0.40	1.17	(2.18)	4.14	(2.95)	13.69
HE	2.04	0.47	0.19	0.56	2.03	(2.31)	4.54	(3.47)	12.14
AWR	0.82	0.07	0.03	(0.38)	0.90	(0.84)	2.36	(1.87)	4.71

H2O America Corporate Management

JD Brown	VP Counsel	Profile
Willie Brown	VP Counsel	Profile
Megan Mattern	Principal Officer	Profile
Nazan Riahei	Vice Communications	Profile

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