Cadiz Correlations

CDZI Stock

USD 3.01 0.05 1.69%

The current 90-days correlation between Cadiz Inc and Artesian Resources is 0.06 (i.e., Significant 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

Very weak diversification

The correlation between Cadiz Inc and DJI is 0.46 (i.e., Very 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.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadiz Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Cadiz Stock

0.66

ELPC

Companhia Paranaense

Pair Corr

Moving against Cadiz Stock

0.66	ED	Consolidated Edison	Pair Corr
0.65	CWT	California Water Service	Pair Corr
0.64	YORW	York Water	Pair Corr
0.6	MSEX	Middlesex Water	Pair Corr
0.58	AWK	American Water Works	Pair Corr
0.54	WTRG	Essential Utilities	Pair Corr
0.46	HTO	H2O America Symbol Change	Pair Corr
0.46	SR	Spire Inc	Pair Corr
0.45	ARTNA	Artesian Resources	Pair Corr
0.42	AWR	American States Water	Pair Corr
0.32	FE	FirstEnergy	Pair Corr
0.56	AVA	Avista	Pair Corr
0.51	BKH	Black Hills	Pair Corr
0.39	AEE	Ameren Corp	Pair Corr
0.39	AEP	American Electric Power	Pair Corr
0.33	ATO	Atmos Energy	Pair Corr

Related Correlations Analysis

	ARTNA	AWR	YORW	CDZIP	WTRG	AWK	HTO	SBS
ARTNA		0.79	0.69	-0.21	0.71	0.76	0.79	-0.25	ARTNA
AWR	0.79		0.76	-0.22	0.83	0.76	0.86	-0.3	AWR
YORW	0.69	0.76		-0.1	0.86	0.77	0.82	-0.67	YORW
CDZIP	-0.21	-0.22	-0.1		0.04	0.03	-0.22	0.01	CDZIP
WTRG	0.71	0.83	0.86	0.04		0.82	0.77	-0.55	WTRG
AWK	0.76	0.76	0.77	0.03	0.82		0.71	-0.54	AWK
HTO	0.79	0.86	0.82	-0.22	0.77	0.71		-0.32	HTO
SBS	-0.25	-0.3	-0.67	0.01	-0.55	-0.54	-0.32		SBS
	ARTNA	AWR	YORW	CDZIP	WTRG	AWK	HTO	SBS

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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

HTO	+ 0.86	AWR
WTRG	+ 0.86	YORW
WTRG	+ 0.83	AWR
HTO	+ 0.82	YORW
AWK	+ 0.82	WTRG
AWR	+ 0.79	ARTNA

High negative correlations

SBS	- 0.67	YORW
SBS	- 0.55	WTRG
SBS	- 0.54	AWK
SBS	- 0.32	HTO
SBS	- 0.3	AWR
SBS	- 0.25	ARTNA

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
ARTNA	1.08	(0.07)	0.00	(0.30)	0.00	0.00	2.23	(2.13)	5.69
AWR	1.00	(0.10)	0.00	(0.36)	0.00	0.00	2.11	(2.22)	6.03
YORW	1.09	(0.19)	0.00	(0.80)	0.00	0.00	2.28	(2.09)	7.79
CDZIP	1.10	(0.02)	0.00	(0.21)	0.00	0.00	2.88	(2.55)	6.65
WTRG	0.96	(0.11)	0.00	(0.90)	0.00	0.00	1.79	(2.03)	6.54
AWK	0.97	(0.05)	0.00	0.99	0.00	0.00	1.56	(1.81)	7.10
HTO	1.19	(0.19)	0.00	(0.31)	0.00	0.00	2.97	(1.97)	9.77
SBS	1.26	0.10	0.01	0.42	1.44	(1.34)	2.65	(2.38)	8.34

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

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