Washington Trust Correlations

WASH Stock

USD 29.08 0.01 0.03%

The current 90-days correlation between Washington Trust Bancorp and Brookline Bancorp is 0.92 (i.e., Almost no diversification). The correlation of Washington Trust 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.

Washington Trust Correlation With Market

Poor diversification

The correlation between Washington Trust Bancorp and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Washington Trust Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Washington Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Washington Trust Bancorp. 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.

Moving together with Washington Stock

0.77	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.8	NU	Nu Holdings Aggressive Push	Pair Corr
0.93	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.74	RF	Regions Financial Buyout Trend	Pair Corr
0.69	VABK	Virginia National	Pair Corr
0.67	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.74	TFC-PO	Truist Financial	Pair Corr
0.77	TFC-PR	Truist Financial	Pair Corr
0.7	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.81	CFG-PE	Citizens Financial	Pair Corr
0.8	CFG-PH	Citizens Financial Group,	Pair Corr
0.83	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.66	EFSI	Eagle Financial Services Earnings Call This Week	Pair Corr
0.69	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.65	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.61	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.93	WABC	Westamerica Bancorporation	Pair Corr
0.9	WAFD	Washington Federal	Pair Corr
0.88	EQBK	Equity Bancshares,	Pair Corr
0.89	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.62	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.85	WNEB	Western New England Earnings Call This Week	Pair Corr
0.85	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	WSFS	BRKL	PGC	INDB	WSBC	WTBA	UVSP	SYBT
WSFS		0.92	0.9	0.9	0.94	0.89	0.94	0.87	WSFS
BRKL	0.92		0.97	0.91	0.93	0.86	0.96	0.85	BRKL
PGC	0.9	0.97		0.87	0.91	0.84	0.95	0.85	PGC
INDB	0.9	0.91	0.87		0.96	0.76	0.9	0.87	INDB
WSBC	0.94	0.93	0.91	0.96		0.82	0.94	0.94	WSBC
WTBA	0.89	0.86	0.84	0.76	0.82		0.84	0.73	WTBA
UVSP	0.94	0.96	0.95	0.9	0.94	0.84		0.9	UVSP
SYBT	0.87	0.85	0.85	0.87	0.94	0.73	0.9		SYBT
	WSFS	BRKL	PGC	INDB	WSBC	WTBA	UVSP	SYBT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Washington Stock performing well and Washington Trust 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 Washington Trust'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
WSFS	1.26	0.40	0.19	(3.03)	0.99	(1.55)	3.03	(2.22)	7.38
BRKL	1.31	0.06	0.07	0.18	1.25	(1.59)	2.69	(1.86)	7.55
PGC	1.35	0.08	0.07	0.19	1.40	(1.48)	2.87	(2.45)	9.53
INDB	1.48	0.22	0.16	0.29	1.33	(1.76)	4.17	(2.49)	9.17
WSBC	1.27	0.17	0.14	0.28	1.04	(1.67)	3.38	(1.77)	7.92
WTBA	1.48	0.18	0.01	(1.01)	1.82	(1.60)	3.16	(3.20)	8.56
UVSP	1.36	0.18	0.13	0.30	1.23	(1.57)	3.29	(1.99)	7.53
SYBT	1.27	0.19	0.14	0.33	1.07	(1.49)	3.28	(2.35)	9.00

Washington Trust Corporate Management

Mark Gim	Executive VP of Wealth Management, Treasurer, Executive VP of Wealth Management - Washington Trust Company and Treasurer of Washington Trust Company	Profile
Maria CPA	Chief VP	Profile
CPA CPA	Chief VP	Profile
Edward III	Chairman CEO	Profile
Sharon Walsh	Senior Communications	Profile
Ronald CPA	CFO EVP	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC