Pure Cycle Correlations

PCYO Stock

USD 14.45 0.03 0.21%

The current 90-days correlation between Pure Cycle and Consolidated Water Co is 0.36 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pure Cycle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pure Cycle moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pure Cycle Correlation With Market

Very weak diversification

The correlation between Pure Cycle and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pure Cycle and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pure Cycle. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

To learn how to invest in Pure Stock, please use our How to Invest in Pure Cycle guide.

Moving together with Pure Stock

0.89	CDZIP	Cadiz Depositary Shares	Pair Corr
0.62	AWR	American States Water	Pair Corr
0.62	MSEX	Middlesex Water	Pair Corr
0.93	ARIS	Aris Water Solutions	Pair Corr
0.67	CDZI	Cadiz Inc Trending	Pair Corr
0.8	AY	Atlantica Sustainable	Pair Corr
0.92	NI	NiSource	Pair Corr
0.74	SR	Spire Inc	Pair Corr
0.81	ELLO	Ellomay Capital	Pair Corr
0.85	EVRG	Evergy,	Pair Corr
0.84	ADN	Advent Technologies	Pair Corr
0.84	AEE	Ameren Corp	Pair Corr
0.81	AGR	Avangrid	Pair Corr

Moving against Pure Stock

0.65	ES	Eversource Energy	Pair Corr
0.59	SJW	SJW Group Common	Pair Corr
0.59	FE	FirstEnergy	Pair Corr
0.57	ED	Consolidated Edison Sell-off Trend	Pair Corr
0.54	CWT	California Water Service	Pair Corr
0.49	AWK	American Water Works	Pair Corr
0.46	YORW	York Water	Pair Corr
0.41	ARTNA	Artesian Resources	Pair Corr
0.76	AES	AES	Pair Corr
0.66	ELPC	Companhia Paranaense Downward Rally	Pair Corr
0.64	AQN	Algonquin Power Utilities	Pair Corr
0.5	RNWWW	ReNew Energy Global	Pair Corr
0.44	AEP	American Electric Power	Pair Corr
0.4	DUKB	Duke Energy Corp	Pair Corr
0.31	CMS-PC	CMS Energy	Pair Corr

Related Correlations Analysis

	AWR	CWT	CWCO	SJW	MSEX	YORW	ARTNA	AWK	GWRS
AWR		-0.26	0.21	-0.2	0.81	-0.16	-0.09	-0.25	0.59	AWR
CWT	-0.26		0.44	0.81	-0.19	0.9	0.78	0.83	-0.02	CWT
CWCO	0.21	0.44		0.22	0.27	0.45	0.22	0.19	0.4	CWCO
SJW	-0.2	0.81	0.22		-0.17	0.78	0.66	0.74	0.0	SJW
MSEX	0.81	-0.19	0.27	-0.17		0.06	0.05	-0.21	0.75	MSEX
YORW	-0.16	0.9	0.45	0.78	0.06		0.83	0.73	0.24	YORW
ARTNA	-0.09	0.78	0.22	0.66	0.05	0.83		0.79	0.17	ARTNA
AWK	-0.25	0.83	0.19	0.74	-0.21	0.73	0.79		-0.01	AWK
GWRS	0.59	-0.02	0.4	0.0	0.75	0.24	0.17	-0.01		GWRS
	AWR	CWT	CWCO	SJW	MSEX	YORW	ARTNA	AWK	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

YORW	+ 0.9	CWT
AWK	+ 0.83	CWT
ARTNA	+ 0.83	YORW
MSEX	+ 0.81	AWR
SJW	+ 0.81	CWT
AWK	+ 0.79	ARTNA

High negative correlations

CWT	- 0.26	AWR
AWK	- 0.25	AWR
AWK	- 0.21	MSEX
SJW	- 0.2	AWR
MSEX	- 0.19	CWT
MSEX	- 0.17	SJW

Risk-Adjusted Indicators

There is a big difference between Pure Stock performing well and Pure Cycle 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 Pure Cycle'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
AWR	0.90	0.05	(0.02)	0.24	0.93	(1.03)	2.25	(1.57)	6.07
CWT	0.99	(0.13)	0.00	(0.11)	0.00	0.00	1.88	(1.96)	6.56
CWCO	1.47	(0.19)	0.00	(0.03)	0.00	0.00	2.93	(2.51)	7.56
SJW	1.12	(0.09)	0.00	(0.14)	0.00	0.00	1.94	(2.65)	6.24
MSEX	1.42	(0.05)	(0.02)	0.07	1.64	(1.47)	3.16	(2.35)	10.55
YORW	0.97	(0.20)	0.00	(0.10)	0.00	0.00	2.07	(2.23)	6.17
ARTNA	1.10	(0.11)	0.00	(0.04)	0.00	0.00	2.36	(1.87)	12.09
AWK	0.92	(0.01)	0.00	0.43	0.00	0.00	1.78	(1.70)	5.42
GWRS	1.44	(0.01)	0.01	0.11	1.55	(1.79)	2.72	(2.36)	8.02

Pure Cycle Corporate Executives

Elected by the shareholders, the Pure Cycle's board of directors comprises two types of representatives: Pure Cycle inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pure. The board's role is to monitor Pure Cycle's management team and ensure that shareholders' interests are well served. Pure Cycle'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, Pure Cycle's outside directors are responsible for providing unbiased perspectives on the board's policies.

Marc Spezialy

CFO VP

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