AWR vs CWCO: Correlation
How closely do American States Water Company (AWR) and Consolidated Water Co. Ltd. (CWCO) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWR and CWCO?
Across a 3-year window, the weekly returns of AWR and CWCO correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 299.7 %².
By 3-year correlation, CWCO places #8 of the 16 assets tracked against AWR. Their recent paths diverged sharply: over the last 12 months AWR outperformed by 29.8 percentage points (+21.5% for AWR against -8.3% for CWCO).
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.
AWR vs CWCO: side by side
| AWR (American States Water Company) | CWCO (Consolidated Water Co. Ltd.) | |
|---|---|---|
| 1-year return | +21.5% | -8.3% |
| 5-year return | +7.6% | +171.8% |
| Volatility (ann.) | 20.8% | 30.8% |
| Beta vs S&P 500 | 0.04 | 0.65 |
| Max drawdown (3Y) | -21.9% | -38.2% |
| Market cap | $3.5B | $0.5B |
| P/E (trailing) | 24.3 | 29.5 |
| Dividend yield | 2.24% | 1.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWR | CWCO |
|---|---|---|
| 2022 | -8.9% | +42.6% |
| 2023 | -11.4% | +144.2% |
| 2024 | -1.2% | -26.5% |
| 2025 | -4.3% | +38.7% |
| 2026 | +25.1% | -13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWR and CWCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AWR and CWCO?
The AWR/CWCO correlation stands at 0.47 on a 3-year window (1 year: 0.54, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is CWCO a good diversifier for AWR?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awr-vs-cwco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awr-vs-cwco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AWR correlations · CWCO correlations
