Westamerica Bancorporation Correlations

Stocks . USA . 
Stock . Westamerica Bancorporation
WABC Stock  USD 57.60  1.09  1.93%   
The current 90-days correlation between Westamerica Bancorporation and Fifth Third Bancorp is 0.88 (i.e., Very poor diversification). The correlation of Westamerica Bancorporation 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.

Westamerica Bancorporation Correlation With Market

Poor diversification

The correlation between Westamerica Bancorp. and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westamerica Bancorp. and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westamerica Bancorporation. 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 Westamerica Stock refer to our How to Trade Westamerica Stock guide.

Moving together with Westamerica Stock

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  0.61VABK Virginia NationalPairCorr
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  0.87VBTX Veritex Holdings Fiscal Year End 28th of January 2025 PairCorr
  0.67TECTP Tectonic FinancialPairCorr
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  0.88EBTC Enterprise BancorpPairCorr
  0.99EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.86EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.65WAFD Washington FederalPairCorr
  0.93WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.67BANC-PF Banc of CaliforniaPairCorr
  0.93EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.71ESSA ESSA BancorpPairCorr
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  0.87EWBC East West Bancorp Fiscal Year End 28th of January 2025 PairCorr
  0.75WMPN William Penn BancorpPairCorr

Moving against Westamerica Stock

  0.57CFG-PE Citizens FinancialPairCorr
  0.53TFC-PR Truist FinancialPairCorr
  0.52TFC-PO Truist FinancialPairCorr
  0.4WF Woori Financial GroupPairCorr
  0.39WAFDP Washington FederalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Westamerica Stock performing well and Westamerica Bancorporation 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 Westamerica Bancorporation'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.

Westamerica Bancorporation Corporate Management

Kris IrvineVP SecretaryProfile
Curtis BeltonSenior OfficerProfile
Jesse LeavittVP CFOProfile
Anela JonasSenior OfficerProfile
Diane CunninghamCorporate SecretaryProfile
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