Current Water Correlations
| WATR Stock | CAD 0.01 -0.01 -25.00% |
The current 90-days correlation between Current Water and Eguana Technologies is -0.3 (i.e., Strong inverse diversification).Pairwise correlation with sector peers establishes whether the stock offers truly differentiated exposure.
Current Water Market Correlation
Moderate diversification
Across the chosen horizon, Current Water and Dow Jones show a correlation of 0.36 and fall into the Moderate diversification bucket. This chart measures the degree of risk overlap between Current Water and Dow Jones.
Current |
Correlation data for Current Water reflects how it moves relative to similar exposures. The dataset reflects observed co-movement patterns from historical price data.
Moving Against Current Stock
| 0.36 | NAU | Nevgold Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
| -0.54 | -0.44 | 0.3 | 0.79 | -0.22 | EGT | ||
| -0.54 | 0.72 | -0.68 | -0.7 | 0.58 | CYM | ||
| -0.44 | 0.72 | -0.77 | -0.57 | 0.53 | BES | ||
| 0.3 | -0.68 | -0.77 | 0.45 | -0.68 | APL | ||
| 0.79 | -0.7 | -0.57 | 0.45 | -0.3 | EWK | ||
| -0.22 | 0.58 | 0.53 | -0.68 | -0.3 | IVX | ||
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
|
Risk-Adjusted Indicators
Headline performance for Current Stock may not fully reflect how the business compares across its competitive set. Risk-adjusted metrics help compare Current Water's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EGT | 2.59 | 0.14 | 0.01 | 0.33 | 4.24 | 9.09 | 31.43 | |||
| CYM | 3.28 | -0.33 | 0.00 | 1.54 | 0.00 | 11.11 | 32.50 | |||
| BES | 4.65 | -0.27 | 0.00 | -0.31 | 0.00 | 12.50 | 62.63 | |||
| APL | 1.11 | 0.44 | 0.00 | 1.20 | 0.00 | 4.35 | 25.00 | |||
| EWK | 11.89 | 4.09 | 0.16 | 1.67 | 8.37 | 33.33 | 240.00 | |||
| IVX | 1.85 | -0.23 | 0.00 | 0.31 | 0.00 | 6.67 | 20.00 |
Be Your Own Money Manager
Serious investors usually evaluate Current Water Technologies in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. An allocation process that asks what the position adds to the portfolio, not just what it might do on its own, tends to produce better outcomes.
Did You Try This?
Run Equity Search Now
Equity SearchSearch for actively traded equities including funds and ETFs from over 30 global markets |
| All Next | Launch Module |
Current Water Corporate Executives
Board and executive analysis for Current Water Technologies is useful because governance quality can influence capital allocation, accountability, and long-term strategic consistency. Distinguishing insiders who manage operations from outside directors who provide independent oversight adds important governance context.
| Edward BCom | CFO & Director | Profile |