VersaBank Correlations

VBNK Stock

USD 17.12 0.09 0.53%

The current 90-days correlation between VersaBank and Partners Bancorp is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VersaBank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VersaBank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VersaBank Correlation With Market

Very weak diversification

The correlation between VersaBank and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VersaBank 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 VersaBank. 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 more information on how to buy VersaBank Stock please use our How to buy in VersaBank Stock guide.

Moving together with VersaBank Stock

0.8	AX	Axos Financial	Pair Corr
0.77	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.62	KB	KB Financial Group	Pair Corr
0.86	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.94	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.93	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.86	TECTP	Tectonic Financial	Pair Corr
0.87	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.89	EBTC	Enterprise Bancorp	Pair Corr
0.8	ECBK	ECB Bancorp	Pair Corr
0.71	CFG-PH	Citizens Financial Group,	Pair Corr
0.86	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.94	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.68	KEY-PJ	KeyCorp	Pair Corr
0.73	KEY-PK	KeyCorp	Pair Corr
0.7	KEY-PL	KeyCorp	Pair Corr
0.82	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.89	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.93	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.8	ESSA	ESSA Bancorp	Pair Corr
0.84	EVBN	Evans Bancorp	Pair Corr
0.95	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.86	WSBCP	WesBanco	Pair Corr
0.88	WMPN	William Penn Bancorp	Pair Corr

Moving against VersaBank Stock

0.56	TFC-PO	Truist Financial	Pair Corr
0.48	TFC-PR	Truist Financial	Pair Corr
0.47	WF	Woori Financial Group	Pair Corr
0.45	CFG-PE	Citizens Financial	Pair Corr
0.49	FRCIL	First Republic Bank	Pair Corr
0.41	FRCHL	First Republic Bank	Pair Corr
0.4	FRCCL	First Republic Bank	Pair Corr
0.4	FRCKL	First Republic Bank	Pair Corr

Related Correlations Analysis

	FISB	MCBI	TCBC	ARBV	HFBL	OFED	VBFC	PMHG	WMPN	PBHC
FISB		0.17	-0.08	0.78	-0.18	-0.62	0.3	0.66	0.62	0.55	FISB
MCBI	0.17		-0.24	0.08	-0.05	0.16	-0.02	0.36	0.15	-0.03	MCBI
TCBC	-0.08	-0.24		-0.13	-0.01	0.1	-0.13	-0.39	-0.25	-0.01	TCBC
ARBV	0.78	0.08	-0.13		0.05	-0.86	0.67	0.61	0.75	0.6	ARBV
HFBL	-0.18	-0.05	-0.01	0.05		-0.16	0.42	0.02	0.16	0.04	HFBL
OFED	-0.62	0.16	0.1	-0.86	-0.16		-0.78	-0.55	-0.81	-0.75	OFED
VBFC	0.3	-0.02	-0.13	0.67	0.42	-0.78		0.45	0.72	0.6	VBFC
PMHG	0.66	0.36	-0.39	0.61	0.02	-0.55	0.45		0.83	0.51	PMHG
WMPN	0.62	0.15	-0.25	0.75	0.16	-0.81	0.72	0.83		0.75	WMPN
PBHC	0.55	-0.03	-0.01	0.6	0.04	-0.75	0.6	0.51	0.75		PBHC
	FISB	MCBI	TCBC	ARBV	HFBL	OFED	VBFC	PMHG	WMPN	PBHC

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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

WMPN	+ 0.83	PMHG
ARBV	+ 0.78	FISB
WMPN	+ 0.75	ARBV
PBHC	+ 0.75	WMPN
WMPN	+ 0.72	VBFC
VBFC	+ 0.67	ARBV

High negative correlations

OFED	- 0.86	ARBV
WMPN	- 0.81	OFED
VBFC	- 0.78	OFED
PBHC	- 0.75	OFED
OFED	- 0.62	FISB
PMHG	- 0.55	OFED

Risk-Adjusted Indicators

There is a big difference between VersaBank Stock performing well and VersaBank 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 VersaBank'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
FISB	0.58	0.20	0.05	2.09	0.43	(1.16)	1.78	(0.61)	8.81
MCBI	0.59	0.18	0.03	6.03	0.67	(1.12)	1.76	(0.92)	9.80
TCBC	0.86	(0.02)	(0.10)	(0.08)	1.02	(1.14)	2.10	(1.99)	5.24
ARBV	0.53	0.15	0.09	0.65	0.00	(1.06)	1.52	(0.71)	4.78
HFBL	1.73	(0.02)	(0.01)	0.09	2.43	(3.09)	3.82	(4.31)	21.70
OFED	2.13	(0.22)	0.00	1.42	0.00	0.00	3.48	(5.28)	12.66
VBFC	1.45	0.92	0.45	(0.51)	0.00	(2.17)	1.10	(0.66)	44.05
PMHG	1.02	0.28	0.09	0.56	0.88	(2.09)	4.02	(1.04)	11.00
WMPN	0.86	0.10	0.05	0.29	0.77	(1.05)	2.23	(1.43)	6.97
PBHC	1.51	0.20	0.05	1.07	1.62	(2.00)	3.59	(2.49)	22.14

VersaBank Corporate Management

BA BA	VP Fin	Profile
LLB BA	Chief Officer	Profile
MBA MEng	Chief Officer	Profile
BCom MBA	Chief Officer	Profile
Terri Wilson	VP Control	Profile

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