Webster Financial Correlations

Stocks . USA . 
Stock . Webster Financial
WBS Stock  USD 61.84  0.38  0.62%   
The current 90-days correlation between Webster Financial and Valley National Bancorp is 0.91 (i.e., Almost no 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 0.74 (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.

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Moving against Webster Stock

  0.47TFC-PI Truist FinancialPairCorr

Related Correlations Analysis

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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.

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