CWCO vs EVI: Correlation
Consolidated Water Co. Ltd. (CWCO) and EVI Industries, Inc. (EVI) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWCO and EVI?
Over the past 3 years, CWCO and EVI moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.39). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 604.9 %².
Within CWCO's tracked universe of 12 assets, EVI comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CWCO outperformed by 37.7 percentage points (-8.3% for CWCO against -46.0% for EVI). Risk is not evenly split, since EVI carries 1.6 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.
CWCO vs EVI: side by side
| CWCO (Consolidated Water Co. Ltd.) | EVI (EVI Industries, Inc.) | |
|---|---|---|
| 1-year return | -8.3% | -46.0% |
| 5-year return | +171.8% | -38.2% |
| Volatility (ann.) | 30.8% | 50.2% |
| Beta vs S&P 500 | 0.65 | 1.05 |
| Max drawdown (3Y) | -38.2% | -59.0% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | 29.5 | 32.7 |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWCO | EVI |
|---|---|---|
| 2022 | +42.6% | -23.6% |
| 2023 | +144.2% | +0.5% |
| 2024 | -26.5% | -30.0% |
| 2025 | +38.7% | +52.2% |
| 2026 | -13.6% | -40.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWCO and EVI good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CWCO and EVI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.27 over the last year and 0.07 over 5 years.
Is EVI a good diversifier for CWCO?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/cwco-vs-evi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwco-vs-evi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CWCO correlations · EVI correlations
