Washington Federal Correlations

WAFD Stock

USD 32.02 0.20 0.63%

The current 90-days correlation between Washington Federal and Trustmark is 0.75 (i.e., Poor diversification). The correlation of Washington Federal 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.

Washington Federal Correlation With Market

Poor diversification

The correlation between Washington Federal and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Washington Federal and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Washington Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Washington Federal. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For information on how to trade Washington Stock refer to our How to Trade Washington Stock guide.

Moving together with Washington Stock

0.73	FNWB	First Northwest Bancorp	Pair Corr
0.74	FSEA	First Seacoast Bancorp	Pair Corr
0.69	FUSB	First Bancshares	Pair Corr
0.78	HFBL	Home Federal Bancorp Earnings Call Tomorrow	Pair Corr
0.78	IROQ	IF Bancorp	Pair Corr
0.71	NSTS	NSTS Bancorp	Pair Corr
0.68	BBAR	BBVA Banco Frances	Pair Corr
0.92	BOTJ	Bank of the Earnings Call This Week	Pair Corr
0.62	CASH	Meta Financial Group Earnings Call Tomorrow	Pair Corr
0.82	CCNE	CNB Financial Earnings Call Today	Pair Corr
0.87	CLST	Catalyst Bancorp	Pair Corr
0.78	UBCP	United Bancorp	Pair Corr
0.66	F	Ford Motor Earnings Call This Week	Pair Corr
0.66	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.82	RIVN	Rivian Automotive	Pair Corr
0.65	MARUF	Marubeni	Pair Corr
0.76	BKKLY	Bangkok Bank PCL	Pair Corr
0.71	DCI	Donaldson	Pair Corr
0.8	CNOB	ConnectOne Bancorp Earnings Call This Week	Pair Corr
0.86	MRK	Merck Company Earnings Call This Week	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr

Moving against Washington Stock

0.91	NIO	Nio Class A	Pair Corr
0.78	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.68	PLUG	Plug Power Aggressive Push	Pair Corr
0.6	RXRX	Recursion Pharmaceuticals Aggressive Push	Pair Corr
0.54	NVDA	NVIDIA Aggressive Push	Pair Corr
0.51	GRLF	Green Leaf Innovations	Pair Corr
0.42	AUR	Aurora Innovation	Pair Corr
0.8	MSFT	Microsoft Earnings Call Tomorrow	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.51	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.44	HD	Home Depot	Pair Corr

Related Correlations Analysis

	TRMK	PFS	FFBC	WAL	PRK	CUBI	BANR	TOWN	CVBF	NBTB
TRMK		0.88	0.96	0.94	0.9	0.9	0.84	0.95	0.8	0.96	TRMK
PFS	0.88		0.91	0.88	0.76	0.83	0.8	0.84	0.84	0.88	PFS
FFBC	0.96	0.91		0.92	0.9	0.83	0.86	0.95	0.85	0.96	FFBC
WAL	0.94	0.88	0.92		0.77	0.94	0.8	0.88	0.73	0.91	WAL
PRK	0.9	0.76	0.9	0.77		0.69	0.87	0.92	0.76	0.92	PRK
CUBI	0.9	0.83	0.83	0.94	0.69		0.69	0.82	0.63	0.85	CUBI
BANR	0.84	0.8	0.86	0.8	0.87	0.69		0.78	0.72	0.84	BANR
TOWN	0.95	0.84	0.95	0.88	0.92	0.82	0.78		0.83	0.95	TOWN
CVBF	0.8	0.84	0.85	0.73	0.76	0.63	0.72	0.83		0.81	CVBF
NBTB	0.96	0.88	0.96	0.91	0.92	0.85	0.84	0.95	0.81		NBTB
	TRMK	PFS	FFBC	WAL	PRK	CUBI	BANR	TOWN	CVBF	NBTB

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Risk-Adjusted Indicators

There is a big difference between Washington Stock performing well and Washington Federal 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 Federal'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
TRMK	1.08	0.03	0.03	0.10	1.32	(1.24)	2.46	(1.92)	9.61
PFS	1.17	0.14	0.08	0.35	1.16	(1.43)	2.57	(1.78)	6.72
FFBC	1.10	0.12	0.10	0.20	0.91	(1.53)	3.20	(1.48)	7.24
WAL	1.37	0.13	0.08	0.16	1.65	(1.29)	3.88	(2.96)	10.08
PRK	1.22	(0.02)	(0.02)	0.05	1.63	(1.27)	2.59	(1.81)	9.22
CUBI	1.65	0.16	0.11	0.17	1.77	(2.01)	4.03	(2.67)	15.19
BANR	1.17	(0.10)	0.00	(0.03)	0.00	0.00	2.94	(1.87)	10.80
TOWN	1.00	0.07	0.04	0.15	1.29	(1.05)	2.74	(2.43)	7.41
CVBF	1.19	0.05	0.01	0.16	1.48	(1.24)	3.01	(2.89)	6.60
NBTB	1.15	0.05	0.04	0.12	1.29	(1.36)	2.94	(2.16)	8.92

Washington Federal Corporate Executives

Elected by the shareholders, the Washington Federal's board of directors comprises two types of representatives: Washington Federal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Washington. The board's role is to monitor Washington Federal's management team and ensure that shareholders' interests are well served. Washington Federal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Washington Federal's outside directors are responsible for providing unbiased perspectives on the board's policies.

Kelli CPA

Executive CFO

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