H2O America Correlations

HTO Stock

48.00 0.41 0.85%

The current 90-days correlation between H2O America and IPG Photonics is -0.01 (i.e., 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

Weak diversification

The correlation between H2O America and DJI is 0.32 (i.e., Weak 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 housing.

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

Moving together with H2O Stock

0.83	AWR	American States Water	Pair Corr
0.69	YORW	York Water	Pair Corr
0.78	ARTNA	Artesian Resources	Pair Corr
0.8	MSEX	Middlesex Water	Pair Corr

Moving against H2O Stock

0.59	SR	Spire Inc	Pair Corr
0.55	CMS-PB	Consumers Energy	Pair Corr
0.54	FE	FirstEnergy Sell-off Trend	Pair Corr
0.51	DUKB	Duke Energy Corp	Pair Corr
0.5	ES	Eversource Energy	Pair Corr
0.46	D	Dominion Energy	Pair Corr
0.46	SO	Southern	Pair Corr
0.46	CMS-PC	CMS Energy	Pair Corr
0.45	CDZIP	Cadiz Depositary Shares	Pair Corr
0.45	CDZI	Cadiz Inc	Pair Corr
0.43	NI	NiSource	Pair Corr
0.68	AES	AES	Pair Corr
0.65	CNP	CenterPoint Energy	Pair Corr
0.65	ETR	Entergy	Pair Corr
0.58	AEE	Ameren Corp	Pair Corr
0.55	DTE	DTE Energy	Pair Corr
0.45	CEG	Constellation Energy Corp	Pair Corr
0.44	DTW	DTE Energy	Pair Corr
0.43	EVRG	Evergy,	Pair Corr
0.42	ENLT	Enlight Renewable Energy	Pair Corr
0.42	FTS	Fortis Inc	Pair Corr

Related Correlations Analysis

	PSTL	IPGP	LASR	TFX	TYGO	TTC	SONO	ELTK
PSTL		0.69	0.85	0.79	0.71	0.72	0.91	-0.12	PSTL
IPGP	0.69		0.84	0.69	0.48	0.86	0.82	-0.26	IPGP
LASR	0.85	0.84		0.78	0.62	0.8	0.95	-0.17	LASR
TFX	0.79	0.69	0.78		0.34	0.81	0.77	-0.37	TFX
TYGO	0.71	0.48	0.62	0.34		0.27	0.74	0.37	TYGO
TTC	0.72	0.86	0.8	0.81	0.27		0.77	-0.43	TTC
SONO	0.91	0.82	0.95	0.77	0.74	0.77		-0.09	SONO
ELTK	-0.12	-0.26	-0.17	-0.37	0.37	-0.43	-0.09		ELTK
	PSTL	IPGP	LASR	TFX	TYGO	TTC	SONO	ELTK

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

SONO	+ 0.95	LASR
SONO	+ 0.91	PSTL
TTC	+ 0.86	IPGP
LASR	+ 0.85	PSTL
LASR	+ 0.84	IPGP
SONO	+ 0.82	IPGP

High negative correlations

ELTK	- 0.43	TTC
ELTK	- 0.37	TFX
ELTK	- 0.26	IPGP
ELTK	- 0.17	LASR
ELTK	- 0.12	PSTL
ELTK	- 0.09	SONO

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
PSTL	0.87	0.11	0.03	2.22	0.84	(1.09)	2.18	(1.58)	6.88
IPGP	1.62	0.20	0.09	0.33	1.77	(1.64)	3.59	(3.22)	8.22
LASR	2.80	0.81	0.27	(3.45)	2.16	(3.52)	5.69	(4.16)	32.77
TFX	1.53	0.07	(0.04)	(0.05)	1.77	(1.77)	3.70	(2.95)	10.03
TYGO	3.79	0.99	0.17	20.66	4.33	(4.43)	11.40	(5.81)	29.72
TTC	1.17	0.01	0.01	0.10	1.12	(1.45)	3.36	(1.72)	7.52
SONO	1.86	0.37	0.24	0.23	1.82	(2.20)	4.37	(2.97)	16.38
ELTK	1.07	0.06	(0.01)	0.33	1.44	(1.10)	2.40	(2.43)	6.85

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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