American Water Correlations
| AWK Stock | USD 132.74 4.61 3.60% |
The current 90-days correlation between American Water Works and Urban Outfitters is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Water Works moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
American Water Correlation With Market
Good diversification
The correlation between American Water Works and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American Water Works and DJI in the same portfolio, assuming nothing else is changed.
Moving together with American Stock
Moving against American Stock
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| 0.6 | KB | KB Financial Group | PairCorr |
| 0.6 | SHG | Shinhan Financial | PairCorr |
| 0.57 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.51 | PBCRY | Bank Central Asia | PairCorr |
| 0.47 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
| 0.65 | AXP | American Express | PairCorr |
| 0.58 | XOM | Exxon Mobil Corp | PairCorr |
| 0.57 | IBM | International Business | PairCorr |
| 0.54 | MMM | 3M Company | PairCorr |
| 0.51 | GE | GE Aerospace | PairCorr |
| 0.5 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.34 | INTC | Intel Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | -0.14 | 0.5 | -0.65 | -0.03 | UUGWF | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | TRUA | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | COUTF | ||
| -0.14 | 0.0 | 0.0 | -0.53 | 0.42 | 0.73 | TAKMF | ||
| 0.5 | 0.0 | 0.0 | -0.53 | -0.57 | -0.42 | URBN | ||
| -0.65 | 0.0 | 0.0 | 0.42 | -0.57 | 0.4 | DGWR | ||
| -0.03 | 0.0 | 0.0 | 0.73 | -0.42 | 0.4 | AQNB | ||
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 American Stock performing well and American 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 American 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UUGWF | 0.10 | (0.04) | 0.00 | (0.25) | 0.00 | 0.00 | 4.16 | |||
| TRUA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| COUTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TAKMF | 0.05 | 0.01 | 0.00 | 2.90 | 0.00 | 0.00 | 1.61 | |||
| URBN | 1.85 | (0.32) | 0.00 | (0.26) | 0.00 | 3.17 | 12.95 | |||
| DGWR | 0.87 | 0.35 | 0.00 | 0.30 | 0.00 | 0.00 | 25.00 | |||
| AQNB | 0.23 | 0.02 | 0.01 | 0.23 | 0.22 | 0.47 | 1.56 |