Webster Financial Correlations

Stocks USA . 
Stock . Webster Financial
WBS Stock  USD 62.05  0.03  0.05%   
The current 90-days correlation between Webster Financial and KeyCorp is 0.77 (i.e., 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

Poor diversification

The correlation between Webster Financial and DJI is 0.66 (i.e., 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.
  
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

  0.94AX Axos FinancialPairCorr
  0.92BY Byline Bancorp Fiscal Year End 23rd of January 2025 PairCorr
  0.62KB KB Financial GroupPairCorr
  0.95PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.98RF Regions Financial Sell-off TrendPairCorr
  0.66VABK Virginia NationalPairCorr
  0.63VBFC Village BankPairCorr
  0.96VBNK VersaBank Fiscal Year End 11th of December 2024 PairCorr
  0.97VBTX Veritex Holdings Normal TradingPairCorr
  0.82TECTP Tectonic FinancialPairCorr
  0.85EBMT Eagle Bancorp Montana Normal TradingPairCorr
  0.94EBTC Enterprise BancorpPairCorr
  0.69ECBK ECB BancorpPairCorr
  0.97EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.95EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.64KEY-PK KeyCorpPairCorr
  0.63KEY-PL KeyCorpPairCorr
  0.96WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.95WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.68BANC-PF Banc of CaliforniaPairCorr
  0.98EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.84ESSA ESSA BancorpPairCorr
  0.86EVBN Evans BancorpPairCorr
  0.8WSBCP WesBancoPairCorr

Moving against Webster Stock

  0.66TFC-PO Truist FinancialPairCorr
  0.66CFG-PE Citizens FinancialPairCorr
  0.63TFC-PR Truist FinancialPairCorr
  0.36WF Woori Financial GroupPairCorr
  0.44FRCIL First Republic BankPairCorr
  0.33FRCHL First Republic BankPairCorr
  0.32WAFDP Washington FederalPairCorr
  0.32FRCCL First Republic BankPairCorr

Related Correlations Analysis

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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.

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