WesBanco Correlations

WSBC Stock

USD 31.17 0.39 1.24%

The current 90-days correlation between WesBanco and Community Bank System is 0.82 (i.e., Very poor diversification). The correlation of WesBanco 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.

WesBanco Correlation With Market

Very weak diversification

The correlation between WesBanco and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WesBanco and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with WesBanco Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WesBanco. 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 information on how to trade WesBanco Stock refer to our How to Trade WesBanco Stock guide.

Moving together with WesBanco Stock

0.66	PGC	Peapack Gladstone	Pair Corr
0.72	NFBK	Northfield Bancorp	Pair Corr
0.81	CNOB	ConnectOne Bancorp	Pair Corr

Moving against WesBanco Stock

0.61	GEBHF	Genting Berhad	Pair Corr
0.5	SBID	State Bank	Pair Corr
0.49	CGUD	Com GuardCom	Pair Corr
0.33	FET	Forum Energy Technologies Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	CBU	WSFS	TBBK	FHB	BKU	FBK	SBCF	FULT	CATY	BANC
CBU		0.73	0.58	0.82	0.01	0.08	0.49	0.89	0.88	0.09	CBU
WSFS	0.73		0.17	0.87	0.1	-0.28	0.24	0.88	0.8	-0.12	WSFS
TBBK	0.58	0.17		0.32	-0.23	0.32	0.46	0.49	0.53	0.18	TBBK
FHB	0.82	0.87	0.32		0.3	-0.11	0.49	0.87	0.78	0.11	FHB
BKU	0.01	0.1	-0.23	0.3		0.42	0.62	-0.07	0.01	0.72	BKU
FBK	0.08	-0.28	0.32	-0.11	0.42		0.7	-0.15	0.1	0.84	FBK
SBCF	0.49	0.24	0.46	0.49	0.62	0.7		0.32	0.47	0.85	SBCF
FULT	0.89	0.88	0.49	0.87	-0.07	-0.15	0.32		0.92	-0.1	FULT
CATY	0.88	0.8	0.53	0.78	0.01	0.1	0.47	0.92		0.09	CATY
BANC	0.09	-0.12	0.18	0.11	0.72	0.84	0.85	-0.1	0.09		BANC
	CBU	WSFS	TBBK	FHB	BKU	FBK	SBCF	FULT	CATY	BANC

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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

CATY	+ 0.92	FULT
FULT	+ 0.89	CBU
CATY	+ 0.88	CBU
FULT	+ 0.88	WSFS
FHB	+ 0.87	WSFS
FULT	+ 0.87	FHB

High negative correlations

FBK	- 0.28	WSFS
BKU	- 0.23	TBBK
FULT	- 0.15	FBK
BANC	- 0.12	WSFS
FBK	- 0.11	FHB
BANC	- 0.1	FULT

Risk-Adjusted Indicators

There is a big difference between WesBanco Stock performing well and WesBanco 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 WesBanco'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
CBU	1.14	(0.12)	0.00	(0.02)	0.00	0.00	2.73	(2.42)	9.78
WSFS	1.10	(0.12)	0.00	(0.02)	0.00	0.00	2.40	(1.85)	9.66
TBBK	1.98	(0.26)	0.00	(0.05)	0.00	0.00	4.18	(3.73)	23.02
FHB	1.10	(0.13)	0.00	(0.02)	0.00	0.00	2.33	(2.28)	8.86
BKU	1.33	(0.03)	0.00	0.05	2.13	(1.33)	2.75	(2.00)	14.49
FBK	1.19	0.01	0.02	0.07	1.94	(1.15)	2.45	(2.76)	14.73
SBCF	1.19	(0.04)	0.01	0.04	1.55	(1.40)	3.43	(2.53)	12.05
FULT	1.18	(0.18)	0.00	(0.04)	0.00	0.00	2.12	(2.56)	11.79
CATY	1.07	(0.11)	0.00	(0.01)	0.00	0.00	2.44	(2.10)	12.15
BANC	1.33	0.02	0.03	0.08	2.13	(1.33)	3.71	(2.14)	12.42

WesBanco Corporate Management

Anthony Pietranton	Executive VP of HR Management	Profile
Alisha Hipwell	Senior Officer	Profile
Robert Friend	Executive Officer	Profile
LaReta Lowther	Senior Compliance	Profile
Michael CPA	Senior Officer	Profile

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