Global Water Resources, Inc. (GWRS) — Stock Correlations & Overview
Over the past year, GWRS has moved most closely with SIXS, SMLV, SMMV. Explore the stocks most correlated and inversely correlated with GWRS below, along with its price, financials, and company profile.
Stocks correlated with GWRS
Correlation of daily returns. Higher positive values move with GWRS; negative values move opposite it. Informational only, not investment advice.
Most correlated with GWRS
| Symbol | Company | Correlation |
|---|---|---|
| SIXS | ETC 6 Meridian Small Cap Equity ETF | 0.42 |
| SMLV | State Street SPDR US Small Cap Low Volatility Index ETF | 0.39 |
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 0.39 |
| DSGR | Distribution Solutions Group, Inc. Common StockWHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES | 0.39 |
| SMDV | ProShares Russell 2000 Dividend Growers ETF | 0.39 |
Frequently asked questions about GWRS correlations
- Which stocks are most correlated with GWRS?
- Based on one year of daily returns, the stocks most correlated with Global Water Resources, Inc. (GWRS) are SIXS (0.42), SMLV (0.39) and SMMV (0.39). 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 GWRS?
- Over the past year, the stocks most inversely correlated with Global Water Resources, Inc. (GWRS) are REK (-0.37), DRV (-0.37) and SRS (-0.36). 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 GWRS correlations calculated?
- We compute the correlation of daily returns between GWRS 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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