United Bankshares Correlations

Stocks . USA . 
Stock . United Bankshares
UBSI Stock  USD 36.79  0.07  0.19%   
The current 90-days correlation between United Bankshares and UMB Financial is 0.87 (i.e., Very poor diversification). The correlation of United Bankshares 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.

United Bankshares Correlation With Market

Poor diversification

The correlation between United Bankshares 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 United Bankshares and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more detail on how to invest in United Stock please use our How to Invest in United Bankshares guide.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Bankshares 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 United Bankshares' 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.

United Bankshares Corporate Management

CPA CPAEx DirectorProfile
Charles MildrenExecutive OfficerProfile
Richard SrExecutive BoardProfile
Matthew HumphreyExecutive ManagementProfile
Darren WilliamsExecutive OfficerProfile
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