Webster Financial Correlations

WBS Stock

USD 54.51 1.92 3.40%

The current 90-days correlation between Webster Financial and FirstSun Capital Bancorp is 0.53 (i.e., Very weak diversification). The correlation of Webster Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Webster Financial Correlation With Market

Good diversification

The correlation between Webster Financial and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Webster Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Webster Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Webster Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy Webster Stock please use our How to Invest in Webster Financial guide.

Moving together with Webster Stock

0.94	AX	Axos Financial	Pair Corr
0.83	BY	Byline Bancorp	Pair Corr
0.89	RF	Regions Financial	Pair Corr
0.72	601658	Postal Savings Bank	Pair Corr
0.78	EBMT	Eagle Bancorp Montana	Pair Corr
0.85	EFSC	Enterprise Financial	Pair Corr
0.73	WABC	Westamerica Bancorporation	Pair Corr
0.72	WAFD	Washington Federal	Pair Corr
0.8	WASH	Washington Trust Bancorp	Pair Corr
0.77	EWBC	East West Bancorp	Pair Corr
0.8	WNEB	Western New England	Pair Corr
0.64	WSBC	WesBanco	Pair Corr
0.74	WSFS	WSFS Financial	Pair Corr
0.82	WTFC	Wintrust Financial	Pair Corr
0.68	FBIZ	First Business Financial	Pair Corr
0.85	FBNC	First Bancorp	Pair Corr
0.81	FCBC	First Community Banc	Pair Corr

Moving against Webster Stock

0.64	DCBBANK	DCB Bank Limited	Pair Corr
0.58	TMB	Tamilnad Mercantile Bank	Pair Corr
0.47	BIRG	Bank of Ireland	Pair Corr
0.42	VBTX	Veritex Holdings	Pair Corr
0.8	TFINP	Triumph Financial	Pair Corr
0.74	SOUTHBANK	South Indian	Pair Corr
0.5	HSBK	Halyk Bank	Pair Corr
0.72	BANKINDIA	Bank of India	Pair Corr
0.56	FRMEP	First Merchants	Pair Corr

Related Correlations Analysis

	FSUN	PFBC	TFIN	OCFC	OBK	PEBO	WABC
FSUN		-0.05	-0.02	0.03	0.01	0.37	0.02	FSUN
PFBC	-0.05		0.76	0.41	0.73	0.78	0.71	PFBC
TFIN	-0.02	0.76		0.43	0.67	0.53	0.52	TFIN
OCFC	0.03	0.41	0.43		0.04	0.17	-0.02	OCFC
OBK	0.01	0.73	0.67	0.04		0.78	0.76	OBK
PEBO	0.37	0.78	0.53	0.17	0.78		0.79	PEBO
WABC	0.02	0.71	0.52	-0.02	0.76	0.79		WABC
	FSUN	PFBC	TFIN	OCFC	OBK	PEBO	WABC

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WABC	+ 0.79	PEBO
PEBO	+ 0.78	PFBC
PEBO	+ 0.78	OBK
TFIN	+ 0.76	PFBC
WABC	+ 0.76	OBK
OBK	+ 0.73	PFBC

High negative correlations

PFBC	- 0.05	FSUN
WABC	- 0.02	OCFC
TFIN	- 0.02	FSUN

Risk-Adjusted Indicators

There is a big difference between Webster Stock performing well and Webster Financial Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Webster Financial's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FSUN	1.57	(0.25)	3.04	0.00	0.00	2.71	(2.68)	20.63
PFBC	1.00	(0.01)	0.13	0.00	0.00	2.40	(1.70)	9.47
TFIN	2.03	(0.07)	(0.34)	0.00	0.00	4.15	(4.71)	16.33
OCFC	1.48	0.04	(0.17)	1.90	(1.62)	3.57	(2.19)	12.03
OBK	1.30	(0.12)	(0.74)	0.00	0.00	3.12	(3.68)	10.66
PEBO	1.22	(0.01)	0.10	0.00	0.00	1.98	(2.20)	10.06
WABC	0.96	(0.06)	(0.48)	0.00	0.00	2.46	(2.09)	7.08

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