CWCO vs PFIS: Correlation
Measured on weekly returns over the past three years, Consolidated Water Co. Ltd. (CWCO) and Peoples Financial Services Corp. (PFIS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CWCO and PFIS?
Across a 3-year window, the weekly returns of CWCO and PFIS correlate at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.48 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 451.2 %².
In CWCO's tracked universe of 12 assets, PFIS sits right near the top at #2. Correlation aside, the last 12 months split them widely, with PFIS ahead by 43.8 points (-8.3% versus +35.5%).
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 PFIS: side by side
| CWCO (Consolidated Water Co. Ltd.) | PFIS (Peoples Financial Services Corp.) | |
|---|---|---|
| 1-year return | -8.3% | +35.5% |
| 5-year return | +171.8% | +82.0% |
| Volatility (ann.) | 30.8% | 30.5% |
| Beta vs S&P 500 | 0.65 | 0.66 |
| Max drawdown (3Y) | -38.2% | -29.1% |
| Market cap | $0.5B | $0.7B |
| P/E (trailing) | 29.5 | 12.3 |
| Dividend yield | 1.86% | 3.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CWCO | PFIS |
|---|---|---|
| 2022 | +42.6% | +1.5% |
| 2023 | +144.2% | -2.5% |
| 2024 | -26.5% | +9.9% |
| 2025 | +38.7% | +0.0% |
| 2026 | -13.6% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CWCO and PFIS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CWCO and PFIS?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.34 over the last year and 0.34 over 5 years.
Is PFIS a good diversifier for CWCO?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-pfis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cwco-vs-pfis/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CWCO correlations · PFIS correlations
