Union Bankshares Correlations

Stocks . USA . 
Stock . Union Bankshares
UNB Stock  USD 31.23  0.13  0.42%   
The current 90-days correlation between Union Bankshares and Fifth Third Bancorp is 0.27 (i.e., Modest diversification). The correlation of Union Bankshares 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.

Union Bankshares Correlation With Market

Average diversification

The correlation between Union Bankshares and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Bankshares and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Union Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Union Stock refer to our How to Trade Union Stock guide.

Moving together with Union Stock

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  0.91RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.91VBNK VersaBank Fiscal Year End 11th of December 2024 PairCorr
  0.9VBTX Veritex Holdings Normal TradingPairCorr
  0.82TECTP Tectonic FinancialPairCorr
  0.79EBMT Eagle Bancorp Montana Normal TradingPairCorr
  0.85EBTC Enterprise BancorpPairCorr
  0.71ECBK ECB BancorpPairCorr
  0.88EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.93EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.61KEY-PK KeyCorpPairCorr
  0.63KEY-PL KeyCorpPairCorr
  0.87WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.91WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.61BANC-PF Banc of CaliforniaPairCorr
  0.91EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.73ESSA ESSA BancorpPairCorr
  0.76EVBN Evans BancorpPairCorr
  0.94EWBC East West Bancorp Fiscal Year End 28th of January 2025 PairCorr
  0.79WSBCP WesBancoPairCorr
  0.87WMPN William Penn BancorpPairCorr

Moving against Union Stock

  0.63TFC-PO Truist FinancialPairCorr
  0.58CFG-PE Citizens FinancialPairCorr
  0.57TFC-PR Truist FinancialPairCorr
  0.43WF Woori Financial GroupPairCorr
  0.41FRCIL First Republic BankPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Union Stock performing well and Union Bankshares 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 Union Bankshares' 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.

Union Bankshares Corporate Management

Jeffrey CoslettVP and Sr. VP of HR and Branch Admin. of Union BankProfile
Karyn CPATreasurer VPProfile
Patricia HoganSenior OfficerProfile
Kristy AlfieriAssistant SecretaryProfile
Timothy SargentIndependent SecretaryProfile
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