H2O America Correlations

HTO Stock

50.41 0.55 1.08%

The current 90-days correlation between H2O America and Weibo Corp is -0.38 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as H2O America moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if H2O America moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

H2O America Correlation With Market

Modest diversification

The correlation between H2O America and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding H2O America and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with H2O Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in H2O America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in H2O Stock, please use our How to Invest in H2O America guide.

Moving together with H2O Stock

0.75	WTRG	Essential Utilities	Pair Corr
0.64	AWK	American Water Works Earnings Call This Week	Pair Corr
0.87	AWR	American States Water	Pair Corr
0.73	CWT	California Water Service Earnings Call This Week	Pair Corr
0.75	YORW	York Water Earnings Call This Week	Pair Corr
0.78	ARTNA	Artesian Resources Earnings Call This Week	Pair Corr
0.84	MSEX	Middlesex Water Earnings Call This Week	Pair Corr
0.75	ED	Consolidated Edison	Pair Corr

Moving against H2O Stock

0.64	ES	Eversource Energy Earnings Call This Week	Pair Corr
0.56	CWCO	Consolidated Water	Pair Corr
0.52	D	Dominion Energy	Pair Corr
0.5	VG	Venture Global,	Pair Corr
0.45	HE	Hawaiian Electric	Pair Corr
0.4	CDZI	Cadiz Inc	Pair Corr
0.4	CMS-PC	CMS Energy	Pair Corr
0.38	CMS-PB	Consumers Energy	Pair Corr
0.31	CDZIP	Cadiz Depositary Shares	Pair Corr
0.69	CEG	Constellation Energy Corp	Pair Corr
0.67	FLNC	Fluence Energy Downward Rally	Pair Corr
0.66	ENLT	Enlight Renewable Energy	Pair Corr
0.66	AES	AES Earnings Call This Week	Pair Corr
0.58	AQN	Algonquin Power Utilities	Pair Corr
0.57	BEP	Brookfield Renewable	Pair Corr
0.55	BIP	Brookfield Infrastructure Earnings Call This Week	Pair Corr
0.48	ELPC	Companhia Paranaense	Pair Corr
0.47	ELLO	Ellomay Capital	Pair Corr
0.44	ALE	Allete Inc Earnings Call This Week	Pair Corr
0.44	CIG	Companhia Energetica	Pair Corr
0.32	WAVE	Eco Wave Power	Pair Corr

Related Correlations Analysis

	SPMMF	LQRCF	WB	PLAY	GRMC	AUST	WDC	IAS
SPMMF		0.0	0.0	0.0	-1.0	0.0	0.0	0.0	SPMMF
LQRCF	0.0		0.38	0.69	0.0	0.29	0.46	0.16	LQRCF
WB	0.0	0.38		0.82	0.0	0.51	0.93	0.81	WB
PLAY	0.0	0.69	0.82		0.0	0.49	0.9	0.66	PLAY
GRMC	-1.0	0.0	0.0	0.0		0.0	0.0	0.0	GRMC
AUST	0.0	0.29	0.51	0.49	0.0		0.37	0.39	AUST
WDC	0.0	0.46	0.93	0.9	0.0	0.37		0.8	WDC
IAS	0.0	0.16	0.81	0.66	0.0	0.39	0.8		IAS
	SPMMF	LQRCF	WB	PLAY	GRMC	AUST	WDC	IAS

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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

WDC	+ 0.93	WB
WDC	+ 0.9	PLAY
PLAY	+ 0.82	WB
IAS	+ 0.81	WB
IAS	+ 0.8	WDC
PLAY	+ 0.69	LQRCF

High negative correlations

GRMC	- 1.0	SPMMF
IAS	- 0.0	GRMC
WDC	- 0.0	GRMC
AUST	- 0.0	GRMC
GRMC	- 0.0	PLAY
GRMC	- 0.0	WB

Risk-Adjusted Indicators

There is a big difference between H2O Stock performing well and H2O America 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 H2O America'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
SPMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LQRCF	2.22	0.03	0.00	0.24	2.17	(4.53)	8.70	(3.62)	13.86
WB	1.47	0.48	0.25	2.93	0.80	(1.95)	4.28	(1.74)	9.01
PLAY	3.15	0.48	0.23	0.44	2.33	(3.74)	9.38	(5.12)	22.98
GRMC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AUST	3.58	0.03	(0.04)	0.54	3.63	(4.60)	9.73	(7.14)	25.73
WDC	1.37	0.80	0.54	1.08	0.24	(1.76)	5.25	(1.88)	10.44
IAS	1.49	0.15	0.11	0.33	1.38	(1.83)	3.78	(2.21)	10.31

H2O America Corporate Executives

Elected by the shareholders, the H2O America's board of directors comprises two types of representatives: H2O America inside directors who are chosen from within the company, and outside directors, selected externally and held independent of H2O. The board's role is to monitor H2O America's management team and ensure that shareholders' interests are well served. H2O America'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, H2O America's outside directors are responsible for providing unbiased perspectives on the board's policies.

Andrew Walters

CFO Treasurer

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