Which stocks are most correlated with CWT?

Based on one year of daily returns, the stocks most correlated with California Water Service (CWT) are AWR (0.86), HTO (0.75) and WTRG (0.70). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CWT?

Over the past year, the stocks most inversely correlated with California Water Service (CWT) are STX (-0.35), DARP (-0.35) and EGGQ (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

California Water Service (CWT) — Stock Correlations & Overview

Over the past year, CWT has moved most closely with AWR, HTO, WTRG. Explore the stocks most correlated and inversely correlated with CWT below, along with its price, financials, and company profile.

Stocks correlated with CWT

Correlation of daily returns. Higher positive values move with CWT; negative values move opposite it. Informational only, not investment advice.

Most correlated with CWT

Symbol	Company	Correlation
AWR	American States Water CompanyWATER SUPPLY	0.86
HTO	H2O America Common StockWATER SUPPLY	0.75
WTRG	Essential Utilities, Inc.WATER SUPPLY	0.70
MSEX	Middlesex Water CoWATER SUPPLY	0.70
AWK	American Water Works Company, IncWATER SUPPLY	0.69

Most inversely correlated with CWT

Symbol	Company	Correlation
STX	Seagate Technology Holdings PLC Ordinary Shares (Ireland)COMPUTER STORAGE DEVICES	-0.35
DARP	Grizzle Growth ETF	-0.35
EGGQ	NestYield Visionary ETF	-0.34
SZK	ProShares UltraShort Consumer Staples	-0.34
FCUS	Pinnacle Focused Opportunities ETF	-0.34

Frequently asked questions about CWT correlations

Which stocks are most correlated with CWT?: Based on one year of daily returns, the stocks most correlated with California Water Service (CWT) are AWR (0.86), HTO (0.75) and WTRG (0.70). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CWT?: Over the past year, the stocks most inversely correlated with California Water Service (CWT) are STX (-0.35), DARP (-0.35) and EGGQ (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CWT correlations calculated?: We compute the correlation of daily returns between CWT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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