Washington Competitors
| WASH Stock | USD 35.37 0.26 0.74% |
Washington Trust vs Virtus Emerging Correlation
Very weak diversification
The correlation between Washington Trust Bancorp and HEMZX is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Washington Trust Bancorp and HEMZX in the same portfolio, assuming nothing else is changed.
Moving together with Washington Stock
| 0.87 | BNPH | BNP PARIBAS ADR | PairCorr |
| 0.81 | AON0 | AOZORA BANK LTD | PairCorr |
| 0.89 | AX | Axos Financial | PairCorr |
| 0.95 | BY | Byline Bancorp | PairCorr |
Moving against Washington Stock
As of now, Washington Trust's Return On Tangible Assets are decreasing as compared to previous years. The Washington Trust's current Return On Assets is estimated to increase to 0.01, while Return On Capital Employed is projected to decrease to 0.02. As of now, Washington Trust's Return On Tangible Assets are decreasing as compared to previous years. The Washington Trust's current Intangibles To Total Assets is estimated to increase to 0.02, while Non Current Assets Total are projected to decrease to under 159.8 M.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Washington Trust's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Washington Trust Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Washington Trust and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Washington and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Washington Trust Bancorp does not affect the price movement of the other competitor.
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BLE | 0.28 | 0.02 | (0.09) | (0.40) | 0.27 | 0.57 | 1.66 | |||
| BMEZ | 0.73 | 0.02 | (0.01) | 0.09 | 0.74 | 2.04 | 4.90 | |||
| VVR | 0.38 | 0.00 | (0.06) | 0.04 | 0.43 | 0.93 | 2.80 | |||
| FTHY | 0.27 | 0.02 | (0.07) | 0.12 | 0.25 | 0.57 | 1.90 | |||
| VCV | 0.54 | 0.01 | (0.04) | 0.21 | 0.78 | 1.54 | 3.38 | |||
| BLW | 0.26 | 0.01 | (0.10) | 0.11 | 0.24 | 0.45 | 1.34 | |||
| PRPZX | 0.68 | 0.23 | 0.22 | (2.21) | 0.47 | 1.51 | 3.88 | |||
| SMYIX | 0.65 | 0.12 | 0.12 | 0.25 | 0.60 | 1.16 | 7.76 | |||
| GUT | 0.67 | 0.03 | (0.02) | 0.73 | 0.95 | 1.17 | 5.27 | |||
| HEMZX | 0.61 | 0.00 | (0.06) | 0.03 | 0.79 | 1.25 | 3.38 |
Cross Equities Net Income Analysis
Compare Washington Trust Bancorp and related stocks such as BlackRock MIT II, BlackRock Health Sciences, and Invesco Senior Income Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BLE | 30.7 M | 73.8 M | (41 M) | 73.9 M | 17.1 M | 42.3 M | (1.3 M) | 3.7 M | 30.5 M | 7.9 M | 36.8 M | (103.7 M) | (2.9 M) | 27.9 M | (35.8 M) | (2.9 M) | (2.8 M) |
| BMEZ | 113.2 M | 113.2 M | 113.2 M | 113.2 M | 113.2 M | 113.2 M | 113.2 M | 113.2 M | 113.2 M | 113.2 M | 79.6 M | 59.1 M | (26.5 M) | 20 M | 23.5 M | 21.1 M | 35.9 M |
| FTHY | 81.1 M | 81.1 M | 81.1 M | 81.1 M | 81.1 M | 81.1 M | 81.1 M | 81.1 M | 81.1 M | 81.1 M | 81.1 M | (72.8 M) | (19.6 M) | 54.1 M | 45.5 M | 52.3 M | 54.9 M |
| VCV | 33.3 M | 49.4 M | 49.4 M | (8.1 M) | 83.6 M | 752.4 K | 752.4 K | 17.8 M | 20 M | 4.2 M | 4.2 M | (204.8 K) | (72.6 M) | 17.5 M | 17.5 M | 44 M | 46.2 M |
| BLW | 53.6 M | 3 M | 80.9 M | 57.1 M | 65.6 M | 8.8 M | 40.8 M | 53.6 M | 23.1 M | 44.4 M | 37.3 M | 24.4 M | (66 M) | 64.3 M | 45 M | 40.5 M | 38.5 M |
Washington Trust Bancorp and related stocks such as BlackRock MIT II, BlackRock Health Sciences, and Invesco Senior Income Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Washington Trust Bancorp financial statement analysis. It represents the amount of money remaining after all of Washington Trust Bancorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Washington Trust Competitive Analysis
The better you understand Washington Trust competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Washington Trust's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Washington Trust's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Washington Trust Competition Performance Charts
Five steps to successful analysis of Washington Trust Competition
Washington Trust's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Washington Trust Bancorp in relation to its competition. Washington Trust's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Washington Trust in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Washington Trust's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Washington Trust Bancorp, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Washington Trust Correlation with its peers. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is there potential for Regional Banks market expansion? Will Washington introduce new products? Factors like these will boost the valuation of Washington Trust. Anticipated expansion of Washington directly elevates investor willingness to pay premium valuations. Understanding fair value requires weighing current performance against future potential. All the valuation information about Washington Trust listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Dividend Share 2.24 | Earnings Share 2.71 | Revenue Per Share | Quarterly Revenue Growth 0.028 |
Investors evaluate Washington Trust Bancorp using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Washington Trust's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. External factors like market trends, sector rotation, and investor psychology can cause Washington Trust's market price to deviate significantly from intrinsic value.
Please note, there is a significant difference between Washington Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if Washington Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Conversely, Washington Trust's market price signifies the transaction level at which participants voluntarily complete trades.