Essential Utilities Correlations

Stocks . USA . 
Stock . Essential Utilities
WTRG Stock  USD 37.40  0.11  0.29%   
The current 90-days correlation between Essential Utilities and American Water Works is 0.89 (i.e., Very poor diversification). The correlation of Essential Utilities 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.

Essential Utilities Correlation With Market

Significant diversification

The correlation between Essential Utilities and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Essential Utilities and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Essential Stock
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Essential Utilities. 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.
For more detail on how to invest in Essential Stock please use our How to Invest in Essential Utilities guide.

Moving together with Essential Stock

  0.82AWK American Water WorksPairCorr
  0.83AWR American States WaterPairCorr
  0.92CWT California Water ServicePairCorr
  0.77HTO H2O America Symbol ChangePairCorr
  0.86YORW York WaterPairCorr
  0.71ARTNA Artesian ResourcesPairCorr
  0.93MSEX Middlesex WaterPairCorr
  0.92ED Consolidated EdisonPairCorr
  0.8FE FirstEnergyPairCorr
  0.62SR Spire IncPairCorr
  0.74AEE Ameren CorpPairCorr
  0.61AEP American Electric PowerPairCorr

Moving against Essential Stock

  0.88CWCO Consolidated WaterPairCorr
  0.74ES Eversource Energy Earnings Call This WeekPairCorr
  0.62D Dominion EnergyPairCorr
  0.55SBS Companhia de SaneamentoPairCorr
  0.54CDZI Cadiz IncPairCorr
  0.44HE Hawaiian ElectricPairCorr
  0.84VG Venture Global,PairCorr
  0.82ENLT Enlight Renewable EnergyPairCorr
  0.82BEP Brookfield RenewablePairCorr
  0.78BIP Brookfield InfrastructurePairCorr
  0.74ELPC Companhia ParanaensePairCorr
  0.73FLNC Fluence Energy Buyout TrendPairCorr
  0.69AQN Algonquin Power UtilitiesPairCorr
  0.52AES AES Aggressive PushPairCorr
  0.49ELLO Ellomay CapitalPairCorr
  0.39CMS-PC CMS Energy Earnings Call This WeekPairCorr
  0.36RNWWW ReNew Energy GlobalPairCorr
  0.35ENIC Enel Chile SA Earnings Call This WeekPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Essential Stock performing well and Essential Utilities 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 Essential Utilities' 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.

Essential Utilities Corporate Management

Elizabeth AmatoIndependent DirectorProfile
Christina KellySenior OfficerProfile
Whitney KellettSenior OfficerProfile
Ellen RuffIndependent DirectorProfile
Matthew RhodesExecutive Vice President - Strategy and Corporate DevelopmentProfile
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