Correlation
The correlation between WAB and WAT is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
WAB vs. WAT
Compare and contrast key facts about Westinghouse Air Brake Technologies Corporation (WAB) and Waters Corporation (WAT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAB or WAT.
Performance
WAB vs. WAT - Performance Comparison
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Key characteristics
WAB:
0.65
WAT:
0.08
WAB:
1.00
WAT:
0.24
WAB:
1.15
WAT:
1.03
WAB:
0.75
WAT:
-0.04
WAB:
2.29
WAT:
-0.14
WAB:
7.78%
WAT:
10.56%
WAB:
28.05%
WAT:
38.26%
WAB:
-71.84%
WAT:
-80.12%
WAB:
-4.90%
WAT:
-18.44%
Fundamentals
WAB:
$34.11B
WAT:
$20.61B
WAB:
$6.40
WAT:
$11.01
WAB:
31.14
WAT:
31.46
WAB:
3.92
WAT:
2.29
WAB:
3.25
WAT:
6.91
WAB:
3.30
WAT:
10.57
WAB:
$10.50B
WAT:
$2.98B
WAB:
$3.31B
WAT:
$1.85B
WAB:
$2.02B
WAT:
$995.26M
Returns By Period
In the year-to-date period, WAB achieves a 5.27% return, which is significantly higher than WAT's -6.63% return. Over the past 10 years, WAB has underperformed WAT with an annualized return of 7.69%, while WAT has yielded a comparatively higher 10.07% annualized return.
WAB
5.27%
7.52%
0.22%
17.88%
32.85%
29.27%
7.69%
WAT
-6.63%
1.66%
-7.26%
2.95%
2.95%
13.16%
10.07%
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Risk-Adjusted Performance
WAB vs. WAT — Risk-Adjusted Performance Rank
WAB
WAT
WAB vs. WAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Westinghouse Air Brake Technologies Corporation (WAB) and Waters Corporation (WAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
WAB vs. WAT - Dividend Comparison
WAB's dividend yield for the trailing twelve months is around 0.33%, while WAT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAB Westinghouse Air Brake Technologies Corporation | 0.33% | 0.42% | 0.54% | 0.60% | 0.52% | 0.66% | 0.62% | 0.68% | 0.54% | 0.43% | 0.39% | 0.23% |
WAT Waters Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WAB vs. WAT - Drawdown Comparison
The maximum WAB drawdown since its inception was -71.84%, smaller than the maximum WAT drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for WAB and WAT.
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Volatility
WAB vs. WAT - Volatility Comparison
The current volatility for Westinghouse Air Brake Technologies Corporation (WAB) is 6.01%, while Waters Corporation (WAT) has a volatility of 11.16%. This indicates that WAB experiences smaller price fluctuations and is considered to be less risky than WAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
WAB vs. WAT - Financials Comparison
This section allows you to compare key financial metrics between Westinghouse Air Brake Technologies Corporation and Waters Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WAB vs. WAT - Profitability Comparison
WAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Westinghouse Air Brake Technologies Corporation reported a gross profit of 900.00M and revenue of 2.61B. Therefore, the gross margin over that period was 34.5%.
WAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Waters Corporation reported a gross profit of 493.15M and revenue of 661.71M. Therefore, the gross margin over that period was 74.5%.
WAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Westinghouse Air Brake Technologies Corporation reported an operating income of 474.00M and revenue of 2.61B, resulting in an operating margin of 18.2%.
WAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Waters Corporation reported an operating income of 151.75M and revenue of 661.71M, resulting in an operating margin of 22.9%.
WAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Westinghouse Air Brake Technologies Corporation reported a net income of 322.00M and revenue of 2.61B, resulting in a net margin of 12.3%.
WAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Waters Corporation reported a net income of 121.38M and revenue of 661.71M, resulting in a net margin of 18.3%.