WesBanco Correlations

WSBC Stock

USD 32.85 0.07 0.21%

The current 90-days correlation between WesBanco and WesBanco is 0.18 (i.e., Average 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

Poor diversification

The correlation between WesBanco 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 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

0.95	AX	Axos Financial Earnings Call This Week	Pair Corr
0.94	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.88	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.81	KB	KB Financial Group Earnings Call Today	Pair Corr
0.86	NU	Nu Holdings Aggressive Push	Pair Corr
0.95	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.94	RF	Regions Financial Buyout Trend	Pair Corr
0.8	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.83	VABK	Virginia National	Pair Corr
0.67	VBNK	VersaBank	Pair Corr
0.83	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.79	TECTP	Tectonic Financial	Pair Corr
0.89	TFC-PO	Truist Financial	Pair Corr
0.81	TFC-PR	Truist Financial	Pair Corr
0.88	CFG-PE	Citizens Financial	Pair Corr
0.87	CFG-PH	Citizens Financial Group,	Pair Corr
0.96	EFSC	Enterprise Financial Earnings Call Today	Pair Corr
0.7	KEY-PI	KeyCorp Earnings Call Tomorrow	Pair Corr
0.73	KEY-PJ	KeyCorp Earnings Call Tomorrow	Pair Corr
0.77	KEY-PK	KeyCorp Earnings Call Tomorrow	Pair Corr
0.81	KEY-PL	KeyCorp Earnings Call Tomorrow	Pair Corr
0.88	WABC	Westamerica Bancorporation	Pair Corr
0.94	WAFD	Washington Federal	Pair Corr
0.85	WASH	Washington Trust Bancorp Earnings Call Today	Pair Corr
0.79	BANC-PF	Banc of California Earnings Call Today	Pair Corr
0.95	EQBK	Equity Bancshares,	Pair Corr
0.93	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.61	TFINP	Triumph Financial	Pair Corr
0.88	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.85	WNEB	Western New England Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	UBCP	WSBCP	UBSI	FCAP	WASH	STBA	WSFS
UBCP		0.7	0.61	-0.47	0.31	0.49	0.56	UBCP
WSBCP	0.7		0.89	-0.13	0.62	0.83	0.86	WSBCP
UBSI	0.61	0.89		-0.02	0.83	0.95	0.95	UBSI
FCAP	-0.47	-0.13	-0.02		0.04	0.01	-0.05	FCAP
WASH	0.31	0.62	0.83	0.04		0.9	0.89	WASH
STBA	0.49	0.83	0.95	0.01	0.9		0.98	STBA
WSFS	0.56	0.86	0.95	-0.05	0.89	0.98		WSFS
	UBCP	WSBCP	UBSI	FCAP	WASH	STBA	WSFS

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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

WSFS	+ 0.98	STBA
STBA	+ 0.95	UBSI
WSFS	+ 0.95	UBSI
STBA	+ 0.9	WASH
UBSI	+ 0.89	WSBCP
WSFS	+ 0.89	WASH

High negative correlations

FCAP	- 0.47	UBCP
FCAP	- 0.13	WSBCP
WSFS	- 0.05	FCAP
FCAP	- 0.02	UBSI

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
UBCP	1.33	0.21	0.03	(1.53)	1.65	(1.38)	3.64	(2.66)	11.92
WSBCP	0.13	0.04	(0.70)	1.41	0.00	(0.18)	0.36	(0.16)	1.13
UBSI	1.15	0.10	0.08	0.22	1.16	(1.29)	2.78	(2.00)	8.13
FCAP	2.32	(0.10)	(0.04)	0.02	2.99	(2.35)	5.98	(5.04)	15.49
WASH	1.29	0.00	0.02	0.13	1.51	(1.39)	2.92	(2.95)	8.54
STBA	1.18	0.13	0.10	0.27	1.04	(1.44)	3.03	(1.95)	6.82
WSFS	1.26	0.21	0.17	0.32	1.00	(1.57)	3.03	(2.22)	7.38

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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