H2O America Correlations

HTO Stock

51.24 0.69 1.33%

The current 90-days correlation between H2O America and Empresa Distribuidora y is -0.24 (i.e., Very 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

Almost no diversification

The correlation between H2O America and DJI is 0.9 (i.e., Almost no 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 poverty.

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

Moving together with H2O Stock

0.69	YORW	York Water	Pair Corr
0.79	ARTNA	Artesian Resources	Pair Corr
0.71	UUEC	United Utilities	Pair Corr
0.62	UU	United Utilities	Pair Corr
0.85	CWCO	Consolidated Water	Pair Corr
0.62	DTW	DTE Energy	Pair Corr
0.88	CNL	Collective Mining	Pair Corr
0.82	TFLM	TFLM	Pair Corr
0.64	SCAGW	Scage Future Warrants	Pair Corr
0.83	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.62	PGEZF	Group Ten Metals	Pair Corr
0.8	BNKHF	BOC Hong Kong	Pair Corr
0.74	CASH	Meta Financial Group	Pair Corr
0.85	THO	Thor Industries	Pair Corr
0.89	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.8	RCKY	Rocky Brands	Pair Corr
0.89	NEWTH	NewtekOne 8625 percent	Pair Corr
0.86	COMP	Compass Aggressive Push	Pair Corr
0.85	ENS	Enersys Earnings Call This Week	Pair Corr

Moving against H2O Stock

0.81	POM	POMDOCTOR LIMITED	Pair Corr
0.79	2WI	Yunnan Water Investment	Pair Corr
0.64	GUG	Guangdong Investment	Pair Corr
0.34	TLN	Talen Energy	Pair Corr
0.37	POFCY	Petrofac ADR	Pair Corr
0.82	BROGF	BROGF	Pair Corr
0.4	ALL	Allstate Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	EDN	NWN	WTTR	ELPC	CWT	MSEX	SPH	CTRI	HE	AWR
EDN		0.11	-0.35	-0.02	0.12	-0.26	-0.18	-0.53	-0.63	-0.09	EDN
NWN	0.11		-0.31	0.17	0.4	-0.18	0.35	-0.32	0.0	0.0	NWN
WTTR	-0.35	-0.31		0.51	-0.02	0.44	0.46	0.71	0.75	-0.1	WTTR
ELPC	-0.02	0.17	0.51		0.32	0.15	0.72	0.27	0.64	-0.16	ELPC
CWT	0.12	0.4	-0.02	0.32		0.39	0.08	-0.5	-0.05	0.54	CWT
MSEX	-0.26	-0.18	0.44	0.15	0.39		0.13	0.34	0.26	0.72	MSEX
SPH	-0.18	0.35	0.46	0.72	0.08	0.13		0.5	0.68	-0.19	SPH
CTRI	-0.53	-0.32	0.71	0.27	-0.5	0.34	0.5		0.72	-0.12	CTRI
HE	-0.63	0.0	0.75	0.64	-0.05	0.26	0.68	0.72		-0.19	HE
AWR	-0.09	0.0	-0.1	-0.16	0.54	0.72	-0.19	-0.12	-0.19		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

HE	+ 0.75	WTTR
SPH	+ 0.72	ELPC
AWR	+ 0.72	MSEX
HE	+ 0.72	CTRI
CTRI	+ 0.71	WTTR
HE	+ 0.68	SPH

High negative correlations

HE	- 0.63	EDN
CTRI	- 0.53	EDN
CTRI	- 0.5	CWT
WTTR	- 0.35	EDN
CTRI	- 0.32	NWN
WTTR	- 0.31	NWN

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	2.93	(0.39)	0.00	(0.21)	0.00	0.00	6.28	(5.43)	17.22
NWN	0.78	0.06	(0.01)	0.75	1.11	(0.75)	1.63	(1.83)	5.08
WTTR	1.97	0.04	0.04	0.10	2.05	(2.42)	5.33	(3.12)	12.69
ELPC	2.20	0.14	0.04	0.29	2.84	(2.22)	4.60	(4.17)	13.43
CWT	1.03	(0.02)	(0.07)	(0.05)	1.28	(1.10)	2.22	(2.15)	7.55
MSEX	1.23	0.04	(0.01)	0.23	1.50	(1.30)	2.13	(2.33)	13.32
SPH	0.91	0.16	0.06	1.97	1.16	(0.97)	1.81	(1.89)	5.48
CTRI	2.00	0.42	0.25	0.30	1.57	(2.40)	4.20	(2.96)	16.66
HE	1.92	0.56	0.21	0.95	1.90	(2.15)	4.54	(3.47)	12.14
AWR	0.77	(0.03)	0.00	(0.14)	0.00	0.00	1.53	(1.87)	5.99

H2O America Corporate Management

Willie Brown	VP Counsel	Profile
Megan Mattern	Principal Officer	Profile
Nazan Riahei	Vice Communications	Profile
Kristen Johnson	Senior Organization	Profile

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