York Water Correlations

YORW Stock

USD 35.98 0.06 0.17%

The current 90-days correlation between York Water and Consolidated Water Co is 0.73 (i.e., Poor diversification). The correlation of York Water 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. If the correlation is 0, the equities are not correlated; they are entirely random.

York Water Correlation With Market

Very weak diversification

The correlation between The York Water and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The York Water and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in The York Water. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with York Stock

0.73	AWK	American Water Works	Pair Corr
0.9	CWT	California Water Service	Pair Corr
0.78	SJW	SJW Group Common	Pair Corr
0.83	ARTNA	Artesian Resources	Pair Corr
0.66	FE	FirstEnergy	Pair Corr
0.64	HE	Hawaiian Electric	Pair Corr
0.68	RNWWW	ReNew Energy Global	Pair Corr
0.7	ELPC	Companhia Paranaense Downward Rally	Pair Corr
0.68	AEP	American Electric Power	Pair Corr

Moving against York Stock

0.67	AY	Atlantica Sustainable	Pair Corr
0.58	CDZIP	Cadiz Depositary Shares	Pair Corr
0.58	NI	NiSource	Pair Corr
0.46	PCYO	Pure Cycle	Pair Corr
0.44	VIVHY	Vivendi SA PK	Pair Corr
0.42	ARIS	Aris Water Solutions	Pair Corr
0.62	AEE	Ameren Corp	Pair Corr
0.58	ATO	Atmos Energy	Pair Corr
0.58	CEG	Constellation Energy Corp Downward Rally	Pair Corr
0.54	ALE	Allete Inc	Pair Corr
0.48	BIP	Brookfield Infrastructure	Pair Corr
0.43	ELLO	Ellomay Capital	Pair Corr
0.39	VGAS	Verde Clean Fuels	Pair Corr
0.39	ADN	Advent Technologies	Pair Corr
0.39	AGR	Avangrid	Pair Corr
0.31	EVRG	Evergy,	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 York Stock performing well and York 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 York 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.

	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

York Water Corporate Management

Alexandra Chiaruttini	Chief Counsel	Profile
Matthew Scarpato	Vice Operations	Profile
Ashley Grimm	Vice Secretary	Profile
Alexandria Chiaruttini	Chief Counsel	Profile
Mark Wheeler	COO Sec	Profile
Molly Houck	Investor Administrator	Profile

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