Cadiz Correlations
| CDZI Stock | USD 4.24 0.16 3.64% |
The current 90-days correlation between Cadiz Inc and Consolidated Water Co is 0.26 (i.e., Modest diversification). The correlation of Cadiz 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.
Cadiz Correlation With Market
Weak diversification
The correlation between Cadiz Inc and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cadiz Inc and DJI in the same portfolio, assuming nothing else is changed.
Cadiz |
Moving together with Cadiz Stock
| 0.73 | CDZIP | Cadiz Depositary Shares | PairCorr |
| 0.67 | PCYO | Pure Cycle | PairCorr |
| 0.63 | ARIS | Aris Water Solutions | PairCorr |
| 0.61 | ELLO | Ellomay Capital | PairCorr |
Moving against Cadiz Stock
| 0.45 | ES | Eversource Energy | PairCorr |
| 0.44 | ED | Consolidated Edison Sell-off Trend | PairCorr |
| 0.43 | FE | FirstEnergy | PairCorr |
| 0.37 | AWK | American Water Works | PairCorr |
| 0.37 | SJW | SJW Group Common | PairCorr |
| 0.32 | CWT | California Water Service | PairCorr |
| 0.64 | AES | AES | PairCorr |
| 0.45 | AQN | Algonquin Power Utilities | PairCorr |
| 0.43 | CMS-PB | Consumers Energy | PairCorr |
| 0.41 | ELPC | Companhia Paranaense Downward Rally | PairCorr |
| 0.33 | DUKB | Duke Energy Corp | PairCorr |
Related Correlations Analysis
| 0.44 | 0.81 | -0.19 | 0.9 | -0.02 | CWT | ||
| 0.44 | 0.22 | 0.27 | 0.45 | 0.4 | CWCO | ||
| 0.81 | 0.22 | -0.17 | 0.78 | 0.0 | SJW | ||
| -0.19 | 0.27 | -0.17 | 0.06 | 0.75 | MSEX | ||
| 0.9 | 0.45 | 0.78 | 0.06 | 0.24 | YORW | ||
| -0.02 | 0.4 | 0.0 | 0.75 | 0.24 | GWRS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cadiz Stock performing well and Cadiz 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'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 | 0.99 | (0.13) | 0.00 | (0.11) | 0.00 | 1.88 | 6.56 | |||
| CWCO | 1.47 | (0.19) | 0.00 | (0.03) | 0.00 | 2.93 | 7.56 | |||
| SJW | 1.12 | (0.09) | 0.00 | (0.14) | 0.00 | 1.94 | 6.24 | |||
| MSEX | 1.42 | (0.05) | (0.02) | 0.07 | 1.64 | 3.16 | 10.55 | |||
| YORW | 0.97 | (0.20) | 0.00 | (0.10) | 0.00 | 2.07 | 6.17 | |||
| GWRS | 1.44 | (0.01) | 0.01 | 0.11 | 1.55 | 2.72 | 8.02 |
Cadiz Corporate Management
| Susan Kennedy | Ex Directors | Profile | |
| Cathryn Rivera | Chief Officer | Profile | |
| Teffiny Bagnara | Controller | Profile | |
| Courtney Degener | Investor Relations Manager | Profile | |
| Lesley Thornburg | Operations Manager | Profile |