Polarimetric radio occultations (PROs) use polarized radio signals from satellites to detect moisture and precipitation in Earth's atmosphere. By applying nonlinear regression and k-means cluster analysis to over 2 years of PRO and non-PRO data, this study shows how deviations from a refractivity model relate to vertical profiles of water vapor pressure (moisture) and that differences between components of PRO signals correlate directly with vertical profiles of water path (precipitation).