Webster Financial Correlations

WBS Stock

USD 71.95 5.95 9.02%

The current 90-days correlation between Webster Financial and First Horizon National is 0.8 (i.e., Very poor diversification). The correlation of Webster Financial 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Webster Financial Correlation With Market

Very poor diversification

The correlation between Webster Financial and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Webster Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Webster Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Webster Financial. 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 more information on how to buy Webster Stock please use our How to Invest in Webster Financial guide.

Moving together with Webster Stock

0.89	BIRG	Bank of Ireland	Pair Corr
0.9	AX	Axos Financial	Pair Corr
0.62	FFIN	First Financial Bank	Pair Corr
0.93	ASB	Associated Banc Corp	Pair Corr
0.9	CPF	Central Pacific Financial Normal Trading	Pair Corr
0.9	FSFG	First Savings Financial Earnings Call This Week	Pair Corr
0.97	HWC	Hancock Whitney Corp	Pair Corr
0.77	FUNC	First United Earnings Call This Week	Pair Corr
0.89	FVCB	FVCBankcorp	Pair Corr
0.62	WBCPM	Westpac Banking	Pair Corr
0.89	MCB	Metropolitan Bank Holding	Pair Corr
0.95	MTB	MT Bank	Pair Corr
0.85	HFWA	Heritage Financial	Pair Corr
0.66	HWBK	Hawthorn Bancshares Normal Trading	Pair Corr
0.78	IBOC	International Bancshares	Pair Corr
0.96	ISTR	Investar Holding Corp	Pair Corr
0.9	LCNB	LCNB	Pair Corr
0.79	OVLY	Oak Valley Bancorp	Pair Corr
0.84	MBLPD	Macquarie Bank	Pair Corr
0.88	VBNK	VersaBank	Pair Corr
0.77	BFL	BSP Financial Group	Pair Corr
0.76	SFBS	ServisFirst Bancshares	Pair Corr
0.86	AROW	Arrow Financial Normal Trading	Pair Corr
0.94	TCBI	Texas Capital Bancshares	Pair Corr
0.86	BPRN	Bank Of Princeton	Pair Corr
0.75	TFSL	TFS Financial	Pair Corr
0.86	BWFG	Bankwell Financial	Pair Corr
0.88	CADE	Cadence Bancorp	Pair Corr
0.67	CFFI	CF Financial	Pair Corr
0.74	FCAP	First Capital Normal Trading	Pair Corr

Moving against Webster Stock

0.84	3YB	Postal Savings Bank	Pair Corr
0.47	BBC	BNK Banking	Pair Corr
0.54	BKLRF	Berkeley Energy	Pair Corr

Related Correlations Analysis

	FHN	GGAL	CMA	SSB	WTFC	CFG	WAL	ONB	UMBF
FHN		0.08	0.9	0.94	0.98	0.97	0.96	0.95	0.95	FHN
GGAL	0.08		0.13	0.11	0.05	0.08	0.03	0.01	0.08	GGAL
CMA	0.9	0.13		0.95	0.9	0.94	0.89	0.89	0.93	CMA
SSB	0.94	0.11	0.95		0.96	0.98	0.95	0.97	0.99	SSB
WTFC	0.98	0.05	0.9	0.96		0.99	0.97	0.97	0.97	WTFC
CFG	0.97	0.08	0.94	0.98	0.99		0.96	0.98	0.98	CFG
WAL	0.96	0.03	0.89	0.95	0.97	0.96		0.97	0.97	WAL
ONB	0.95	0.01	0.89	0.97	0.97	0.98	0.97		0.98	ONB
UMBF	0.95	0.08	0.93	0.99	0.97	0.98	0.97	0.98		UMBF
	FHN	GGAL	CMA	SSB	WTFC	CFG	WAL	ONB	UMBF

Risk-Adjusted Indicators

There is a big difference between Webster Stock performing well and Webster Financial 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 Webster Financial'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
FHN	1.08	0.29	0.24	0.33	0.95	(1.32)	3.35	(1.71)	7.47
GGAL	2.20	(0.05)	(0.02)	0.00	2.26	(2.70)	5.15	(3.57)	14.73
CMA	1.11	0.21	0.11	4.87	1.27	(1.25)	2.60	(2.15)	9.13
SSB	0.93	0.21	0.22	0.28	0.74	(1.20)	2.93	(1.27)	5.16
WTFC	1.17	0.27	0.20	0.28	1.05	(1.37)	3.42	(1.57)	8.80
CFG	1.13	0.35	0.29	0.31	0.80	(1.32)	2.99	(1.80)	9.61
WAL	1.29	0.23	0.12	0.19	1.55	(1.24)	3.88	(2.94)	10.08
ONB	1.16	0.32	0.23	0.30	1.03	(1.38)	2.93	(1.59)	7.78
UMBF	1.19	0.21	0.19	0.22	0.92	(1.66)	3.61	(1.46)	6.43

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