VersaBank Correlations

VersaBank Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VersaBank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy VersaBank Stock please use our How to buy in VersaBank Stock guide.

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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    TCBX + 0.77 WNEB TYRA + 0.58 WNEB TCBX + 0.44 SSBK TYRA + 0.4 TCBX WNEB + 0.36 USCB TCBX + 0.26 USCB

High negative correlations    SSBK - 0.2 USCB TYRA - 0.07 SSBK TYRA - 0.0 TCBC TCBX - 0.0 TCBC SSBK - 0.0 TCBC WNEB - 0.0 TCBC

Risk-Adjusted Indicators

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