WSFS Financial Correlations

WSFS Stock

USD 58.33 0.74 1.25%

The current 90-days correlation between WSFS Financial and EastGroup Properties is 0.72 (i.e., Poor diversification). The correlation of WSFS 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.

WSFS Financial Correlation With Market

Poor diversification

The correlation between WSFS Financial and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WSFS Financial and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WSFS 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 census.

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

Moving together with WSFS Stock

0.93	AX	Axos Financial	Pair Corr
0.96	BY	Byline Bancorp Normal Trading	Pair Corr
0.86	DB	Deutsche Bank AG	Pair Corr
0.74	KB	KB Financial Group	Pair Corr
0.88	NU	Nu Holdings	Pair Corr
0.94	PB	Prosperity Bancshares	Pair Corr
0.91	RF	Regions Financial	Pair Corr
0.7	WF	Woori Financial Group	Pair Corr
0.77	VABK	Virginia National	Pair Corr
0.81	VBNK	VersaBank	Pair Corr
0.95	VBTX	Veritex Holdings	Pair Corr
0.72	TECTP	Tectonic Financial	Pair Corr
0.79	TFC-PO	Truist Financial	Pair Corr
0.71	EBTC	Enterprise Bancorp	Pair Corr
0.85	CFG-PE	Citizens Financial	Pair Corr
0.92	CFG-PH	Citizens Financial Group,	Pair Corr
0.97	EFSC	Enterprise Financial	Pair Corr
0.79	KEY-PI	KeyCorp	Pair Corr
0.72	KEY-PJ	KeyCorp	Pair Corr
0.72	KEY-PK	KeyCorp	Pair Corr
0.81	KEY-PL	KeyCorp	Pair Corr
0.9	WABC	Westamerica Bancorporation	Pair Corr
0.93	WAFD	Washington Federal Earnings Call This Week	Pair Corr
0.77	WASH	Washington Trust Bancorp	Pair Corr
0.77	BANC-PF	Banc of California	Pair Corr
0.98	EQBK	Equity Bancshares, Earnings Call This Week	Pair Corr
0.95	ESSA	ESSA Bancorp Normal Trading	Pair Corr
0.95	EWBC	East West Bancorp	Pair Corr
0.82	WSBCP	WesBanco	Pair Corr
0.91	WNEB	Western New England	Pair Corr
0.64	WSBF	Waterstone Financial	Pair Corr

Related Correlations Analysis

	AMP	TBVPY	ALDF	EGP	COCO	ABVG	BKHA
AMP		0.75	0.88	0.78	0.83	0.0	0.64	AMP
TBVPY	0.75		0.76	0.63	0.61	0.0	0.44	TBVPY
ALDF	0.88	0.76		0.68	0.78	0.0	0.71	ALDF
EGP	0.78	0.63	0.68		0.56	0.0	0.41	EGP
COCO	0.83	0.61	0.78	0.56		0.0	0.61	COCO
ABVG	0.0	0.0	0.0	0.0	0.0		0.0	ABVG
BKHA	0.64	0.44	0.71	0.41	0.61	0.0		BKHA
	AMP	TBVPY	ALDF	EGP	COCO	ABVG	BKHA

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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

ALDF	+ 0.88	AMP
COCO	+ 0.83	AMP
EGP	+ 0.78	AMP
COCO	+ 0.78	ALDF
ALDF	+ 0.76	TBVPY
TBVPY	+ 0.75	AMP

High negative correlations

BKHA	- 0.0	ABVG
ABVG	- 0.0	COCO
ABVG	- 0.0	EGP
ABVG	- 0.0	ALDF
ABVG	- 0.0	TBVPY
ABVG	- 0.0	AMP

Risk-Adjusted Indicators

There is a big difference between WSFS Stock performing well and WSFS 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 WSFS 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AMP	1.39	0.06	0.04	0.14	2.25	(1.44)	2.96	(2.89)	14.51
TBVPY	0.94	0.09	0.00	0.34	0.00	0.00	1.25	(2.66)	20.24
ALDF	0.19	0.04	(0.24)	(4.52)	0.00	(0.27)	0.48	(0.38)	1.54
EGP	1.21	(0.13)	0.00	(0.04)	0.00	0.00	1.89	(3.34)	10.92
COCO	1.98	0.25	0.09	0.38	2.54	(2.21)	3.66	(3.06)	17.01
ABVG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BKHA	0.12	0.01	(0.16)	(0.64)	0.18	(0.27)	0.19	(0.28)	3.09

WSFS Financial Corporate Management

Patrick Keenan	SVP Bank	Profile
CFA CFA	Ex CFO	Profile
Patrick Ward	FSB Society	Profile
Christine Davis	Executive Officer	Profile
Patrick Healy	Debt Bankruptcy	Profile

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