VersaBank Correlations

VBNK Stock

USD 16.93 0.13 0.77%

The current 90-days correlation between VersaBank and First Bank is 0.12 (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

Almost no diversification

The correlation between VersaBank and DJI is 0.9 (i.e., Almost no 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.

Build AI portfolio with VersaBank Stock

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 inflation.

For more information on how to buy VersaBank Stock please use our How to buy in VersaBank Stock guide.

Moving together with VersaBank Stock

0.93	BNPH	BNP PARIBAS ADR	Pair Corr
0.65	BIRG	Bank of Ireland Earnings Call This Week	Pair Corr
0.75	AON0	AOZORA BANK LTD	Pair Corr
0.91	AX	Axos Financial	Pair Corr
0.87	BY	Byline Bancorp	Pair Corr
0.81	KBN	Komplett Bank ASA	Pair Corr
0.72	PB	Prosperity Bancshares	Pair Corr
0.91	RF	Regions Financial	Pair Corr
0.91	HH1	Hancock Whitney	Pair Corr
0.85	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.91	LLBN	Liechtensteinische	Pair Corr
0.91	SANB	SANTANDER UK 8	Pair Corr
0.72	BEN	Bendigo and Adelaide	Pair Corr
0.89	B4M1	SpareBank 1 SR	Pair Corr
0.91	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.72	WBCPK	Westpac Banking	Pair Corr
0.91	FRYA	Swedbank AB	Pair Corr
0.86	VNB	Valley National Bancorp	Pair Corr
0.64	CBAPM	Commonwealth Bank	Pair Corr
0.95	EBMT	Eagle Bancorp Montana	Pair Corr
0.63	ECBK	ECB Bancorp	Pair Corr
0.93	BNP	BNP Paribas SA	Pair Corr
0.72	EFSC	Enterprise Financial	Pair Corr
0.84	EGBN	Eagle Bancorp	Pair Corr
0.95	HSBK	Halyk Bank	Pair Corr
0.64	PFZ	Pinnacle Financial	Pair Corr
0.74	BCGE	Banque Cantonale	Pair Corr
0.8	WABC	Westamerica Bancorporation	Pair Corr
0.78	WASH	Washington Trust Bancorp	Pair Corr

Moving against VersaBank Stock

0.74	3YB	Postal Savings Bank	Pair Corr
0.45	ICBA	ICICI Bank Limited	Pair Corr

Related Correlations Analysis

	FRBA	CARE	BSVN	KRNY	BSRR	SFST	CWBC	GCBC	WTBA	HBCP
FRBA		0.72	0.61	0.78	0.66	0.61	0.51	0.44	0.57	0.81	FRBA
CARE	0.72		0.77	0.96	0.98	0.92	0.83	0.44	0.88	0.91	CARE
BSVN	0.61	0.77		0.79	0.77	0.72	0.81	0.6	0.72	0.81	BSVN
KRNY	0.78	0.96	0.79		0.95	0.9	0.79	0.48	0.8	0.97	KRNY
BSRR	0.66	0.98	0.77	0.95		0.96	0.84	0.42	0.89	0.9	BSRR
SFST	0.61	0.92	0.72	0.9	0.96		0.86	0.46	0.91	0.85	SFST
CWBC	0.51	0.83	0.81	0.79	0.84	0.86		0.64	0.91	0.75	CWBC
GCBC	0.44	0.44	0.6	0.48	0.42	0.46	0.64		0.61	0.52	GCBC
WTBA	0.57	0.88	0.72	0.8	0.89	0.91	0.91	0.61		0.74	WTBA
HBCP	0.81	0.91	0.81	0.97	0.9	0.85	0.75	0.52	0.74		HBCP
	FRBA	CARE	BSVN	KRNY	BSRR	SFST	CWBC	GCBC	WTBA	HBCP

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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
FRBA	1.21	0.13	0.03	2.36	1.36	(1.32)	3.30	(2.70)	8.58
CARE	1.05	0.27	0.19	0.42	0.88	(1.22)	3.19	(1.48)	8.24
BSVN	1.07	0.01	(0.02)	0.12	1.40	(1.13)	2.39	(2.38)	7.15
KRNY	1.36	0.26	0.18	0.35	1.15	(1.66)	4.45	(1.96)	10.83
BSRR	1.41	0.29	0.20	0.37	1.06	(1.82)	4.74	(2.13)	9.15
SFST	1.39	0.28	0.16	0.40	1.56	(1.81)	3.36	(2.14)	13.26
CWBC	1.10	0.07	0.06	0.17	1.13	(1.35)	3.42	(1.52)	8.25
GCBC	1.71	(0.04)	(0.03)	0.06	1.65	(2.23)	4.57	(2.67)	10.21
WTBA	1.37	0.15	0.11	0.24	1.19	(1.62)	3.04	(2.17)	11.43
HBCP	1.21	0.12	0.09	0.21	1.31	(1.51)	3.62	(1.95)	9.66

VersaBank Corporate Management

BA BA	VP Fin	Profile
David Thoms	Senior Financing	Profile
MBA MEng	Chief Officer	Profile
BCom MBA	Chief Officer	Profile
Nicolas Ospina	Global Officer	Profile

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