| CWCO Stock | | | USD 27.07 0.46 1.73% |
The current 90-days correlation between Consolidated Water and The York Water is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Consolidated Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Consolidated Water Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Consolidated Water Correlation With Market
Very weak diversification
The correlation between Consolidated Water Co and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consolidated Water Co and DJI in the same portfolio, assuming nothing else is changed.
Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Consolidated Water Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
Moving against Consolidated Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Consolidated Stock performing well and Consolidated Water 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 Consolidated Water'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.
Consolidated Water Corporate Executives
Elected by the shareholders, the Consolidated Water's board of directors comprises two types of representatives: Consolidated Water inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Consolidated. The board's role is to monitor Consolidated Water's management team and ensure that shareholders' interests are well served. Consolidated Water's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Consolidated Water's outside directors are responsible for providing unbiased perspectives on the board's policies.