AWK vs CRTO: Correlation
How closely do American Water Works (AWK) and Criteo S.A. (CRTO) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWK and CRTO?
On 3 years of weekly data the AWK/CRTO correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.22 over 3. The 5-year figure is -0.06, and annualized covariance runs at -202.3 %².
Within AWK's tracked universe of 49 assets, CRTO comes in at #33 by 3-year correlation. The last year tells two different stories: AWK led by 27.4 percentage points, -3.0% for AWK against -30.4% for CRTO. Risk is not evenly split, since CRTO carries 2.1 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AWK vs CRTO: side by side
| AWK (American Water Works) | CRTO (Criteo S.A.) | |
|---|---|---|
| 1-year return | -3.0% | -30.4% |
| 5-year return | -16.6% | -55.0% |
| Volatility (ann.) | 20.7% | 44.1% |
| Beta vs S&P 500 | -0.11 | 0.62 |
| Max drawdown (3Y) | -18.8% | -68.1% |
| Market cap | $27.2B | $0.8B |
| P/E (trailing) | 23.7 | 8.7 |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AWK | CRTO |
|---|---|---|
| 2022 | -17.9% | -33.0% |
| 2023 | -11.7% | -2.8% |
| 2024 | -3.5% | +56.2% |
| 2025 | +7.4% | -47.9% |
| 2026 | +6.9% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWK and CRTO good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AWK and CRTO?
As of 2026-08-27, the correlation of weekly returns between AWK and CRTO is -0.22 over 3 years, -0.31 over 1 year and -0.06 over 5 years.
Is CRTO a good diversifier for AWK?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awk-vs-crto.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/awk-vs-crto/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AWK correlations · CRTO correlations
