York Water Correlations

YORW Stock

USD 31.72 0.35 1.09%

The current 90-days correlation between York Water and Artesian Resources 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

Good diversification

The correlation between The York Water and DJI is -0.14 (i.e., Good 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.

Build AI portfolio with York Stock

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

0.77	WTRG	Essential Utilities	Pair Corr
0.75	AWK	American Water Works	Pair Corr
0.82	CWT	California Water Service	Pair Corr
0.66	HTO	H2O America Symbol Change	Pair Corr
0.88	MSEX	Middlesex Water	Pair Corr
0.94	ED	Consolidated Edison	Pair Corr
0.82	SR	Spire Inc	Pair Corr
0.69	AEE	Ameren Corp	Pair Corr
0.83	AEP	American Electric Power	Pair Corr
0.91	AVA	Avista	Pair Corr

Moving against York Stock

0.7	ES	Eversource Energy	Pair Corr
0.65	CWCO	Consolidated Water	Pair Corr
0.53	SBS	Companhia de Saneamento	Pair Corr
0.5	RNWWW	ReNew Energy Global	Pair Corr
0.43	D	Dominion Energy	Pair Corr
0.37	DUKB	Duke Energy Corp	Pair Corr
0.32	CDZI	Cadiz Inc	Pair Corr
0.8	ENLT	Enlight Renewable Energy	Pair Corr
0.8	CEG	Constellation Energy Corp	Pair Corr
0.78	BIP	Brookfield Infrastructure	Pair Corr
0.7	ELPC	Companhia Paranaense Downward Rally	Pair Corr
0.67	BEP	Brookfield Renewable	Pair Corr
0.67	ELP	Companhia Paranaense	Pair Corr
0.64	ENIC	Enel Chile SA	Pair Corr
0.62	CIG	Companhia Energetica	Pair Corr
0.56	AQN	Algonquin Power Utilities	Pair Corr
0.4	ALE	Allete Inc	Pair Corr
0.32	DTW	DTE Energy	Pair Corr

Related Correlations Analysis

	CWT	SJW	ARTNA	AWR	MSEX	GWRS	CWCO
CWT		0.12	0.54	0.7	0.73	-0.18	-0.62	CWT
SJW	0.12		0.48	0.29	-0.26	-0.22	0.32	SJW
ARTNA	0.54	0.48		0.88	-0.08	-0.12	0.04	ARTNA
AWR	0.7	0.29	0.88		0.22	-0.03	-0.1	AWR
MSEX	0.73	-0.26	-0.08	0.22		-0.17	-0.75	MSEX
GWRS	-0.18	-0.22	-0.12	-0.03	-0.17		0.35	GWRS
CWCO	-0.62	0.32	0.04	-0.1	-0.75	0.35		CWCO
	CWT	SJW	ARTNA	AWR	MSEX	GWRS	CWCO

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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

AWR	+ 0.88	ARTNA
MSEX	+ 0.73	CWT
AWR	+ 0.7	CWT
ARTNA	+ 0.54	CWT
ARTNA	+ 0.48	SJW
CWCO	+ 0.35	GWRS

High negative correlations

CWCO	- 0.75	MSEX
CWCO	- 0.62	CWT
MSEX	- 0.26	SJW
GWRS	- 0.22	SJW
GWRS	- 0.18	CWT
GWRS	- 0.17	MSEX

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
CWT	1.16	(0.01)	(0.02)	(0.07)	1.30	(1.32)	3.25	(2.17)	6.75
SJW	1.41	0.17	0.10	(1.36)	1.35	(1.78)	3.47	(2.02)	8.12
ARTNA	1.32	0.06	0.02	(1.04)	1.48	(1.42)	2.31	(2.78)	6.85
AWR	1.04	0.02	0.00	1.03	1.25	(1.18)	2.26	(2.22)	6.42
MSEX	1.21	(0.11)	0.00	(4.24)	0.00	0.00	2.31	(3.36)	9.27
GWRS	1.27	(0.11)	0.00	(0.30)	0.00	0.00	2.14	(2.73)	5.97
CWCO	1.40	0.12	0.04	1.76	2.24	(1.42)	2.74	(2.23)	12.75

York Water Corporate Management

Alexandra Esq	Chief Counsel	Profile
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
Natalee SPHR	Vice Resources	Profile

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