Webster Financial Correlations

WBS Stock

USD 56.68 0.21 0.37%

The current 90-days correlation between Webster Financial and Comerica Incorporated is 0.72 (i.e., Poor 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

Poor diversification

The correlation between Webster Financial and DJI is 0.65 (i.e., Poor 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

0.84	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp	Pair Corr
0.75	PB	Prosperity Bancshares	Pair Corr
0.94	RF	Regions Financial	Pair Corr
0.74	601658	Postal Savings Bank	Pair Corr
0.82	EBMT	Eagle Bancorp Montana	Pair Corr
0.62	ECBK	ECB Bancorp Earnings Call This Week	Pair Corr
0.94	EFSC	Enterprise Financial	Pair Corr
0.64	EGBN	Eagle Bancorp	Pair Corr
0.71	WABC	Westamerica Bancorporation	Pair Corr
0.88	WAFD	Washington Federal	Pair Corr
0.92	WASH	Washington Trust Bancorp	Pair Corr
0.91	EWBC	East West Bancorp	Pair Corr
0.93	WNEB	Western New England	Pair Corr
0.69	WSBC	WesBanco	Pair Corr
0.84	WSFS	WSFS Financial	Pair Corr
0.95	WTFC	Wintrust Financial	Pair Corr
0.85	FBIZ	First Business Financial	Pair Corr
0.94	FBNC	First Bancorp	Pair Corr
0.76	FCBC	First Community Banc	Pair Corr

Moving against Webster Stock

0.54	TFINP	Triumph Financial	Pair Corr
0.5	DCBBANK	DCB Bank Limited	Pair Corr
0.43	TMB	Tamilnad Mercantile Bank	Pair Corr
0.58	FNWB	First Northwest Bancorp	Pair Corr
0.49	SOUTHBANK	South Indian	Pair Corr
0.42	BANKINDIA	Bank of India	Pair Corr

Related Correlations Analysis

	CMA	WBS	FHN	UMBF	WTFC	CFR
CMA		-0.27	-0.19	-0.28	-0.15	-0.11	CMA
WBS	-0.27		0.81	0.93	0.95	0.88	WBS
FHN	-0.19	0.81		0.81	0.71	0.72	FHN
UMBF	-0.28	0.93	0.81		0.88	0.88	UMBF
WTFC	-0.15	0.95	0.71	0.88		0.87	WTFC
CFR	-0.11	0.88	0.72	0.88	0.87		CFR
	CMA	WBS	FHN	UMBF	WTFC	CFR

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

WTFC	+ 0.95	WBS
UMBF	+ 0.93	WBS
CFR	+ 0.88	WBS
WTFC	+ 0.88	UMBF
CFR	+ 0.88	UMBF
CFR	+ 0.87	WTFC

High negative correlations

UMBF	- 0.28	CMA
WBS	- 0.27	CMA
FHN	- 0.19	CMA
WTFC	- 0.15	CMA
CFR	- 0.11	CMA

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMA	1.34	0.09	0.09	0.14	1.61	(1.63)	2.74	(2.06)	19.73
WBS	1.30	(0.16)	(0.04)	0.01	1.88	(1.41)	3.09	(2.11)	12.72
FHN	1.23	(0.15)	0.00	(0.01)	0.00	0.00	2.47	(2.43)	12.16
UMBF	1.23	(0.23)	0.00	(0.02)	0.00	0.00	3.02	(2.54)	13.14
WTFC	1.25	(0.13)	(0.03)	0.02	1.53	(1.58)	2.55	(2.62)	10.22
CFR	1.13	(0.15)	0.00	(0.01)	0.00	0.00	2.12	(1.79)	8.61

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