Washington Business Correlations
| WBZBDelisted Stock | USD 36.00 0.00 0.00% |
The current 90-days correlation between Washington Business Bank and Citizens Financial Corp is -0.03 (i.e., Good diversification). The correlation of Washington Business 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 Business Correlation With Market
Good diversification
The correlation between Washington Business Bank and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Washington Business Bank and DJI in the same portfolio, assuming nothing else is changed.
Washington |
The ability to find closely correlated positions to Washington Business could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Washington Business when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Washington Business - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Washington Business Bank to buy it.
Moving together with Washington Pink Sheet
Moving against Washington Pink Sheet
| 0.69 | IBN | ICICI Bank Limited | PairCorr |
| 0.64 | HDB | HDFC Bank Limited | PairCorr |
| 0.62 | HNHPF | Hon Hai Precision | PairCorr |
| 0.47 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.39 | CIHHF | China Merchants Bank | PairCorr |
| 0.32 | DPSTF | Deutsche Post AG | PairCorr |
| 0.63 | HPQ | HP Inc | PairCorr |
| 0.6 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.57 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.55 | PG | Procter Gamble | PairCorr |
| 0.48 | AA | Alcoa Corp Potential Growth | PairCorr |
| 0.45 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.43 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.38 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.35 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
| -0.08 | 0.37 | 0.51 | 0.7 | -0.19 | FBSI | ||
| -0.08 | -0.39 | -0.39 | -0.18 | 0.22 | NACB | ||
| 0.37 | -0.39 | 0.7 | 0.42 | -0.35 | CMHF | ||
| 0.51 | -0.39 | 0.7 | 0.65 | -0.49 | CIWV | ||
| 0.7 | -0.18 | 0.42 | 0.65 | -0.4 | BOID | ||
| -0.19 | 0.22 | -0.35 | -0.49 | -0.4 | FMFP | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Washington Pink Sheet performing well and Washington Business 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 Business' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FBSI | 0.85 | 0.10 | 0.00 | 0.79 | 0.00 | 3.37 | 15.57 | |||
| NACB | 59.50 | 24.09 | 0.49 | (1.66) | 28.21 | 304.82 | 381.76 | |||
| CMHF | 0.45 | 0.20 | 0.00 | (3.71) | 0.00 | 2.28 | 4.55 | |||
| CIWV | 1.00 | 0.31 | 0.08 | (12.87) | 0.87 | 3.85 | 14.01 | |||
| BOID | 1.44 | 0.77 | 0.00 | 0.57 | 0.00 | 1.95 | 40.44 | |||
| FMFP | 0.83 | (0.06) | 0.00 | 0.13 | 0.00 | 1.96 | 14.49 |
Washington Business Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Washington Business pink sheet to make a market-neutral strategy. Peer analysis of Washington Business could also be used in its relative valuation, which is a method of valuing Washington Business by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Washington Business Corporate Management
| Joanna West | VP Director | Profile | |
| Gordon Osberg | Ex Officer | Profile | |
| Jon Jones | CEO Pres | Profile | |
| Sue Taylor | VP Mang | Profile | |
| Christine Wentzel | VP Controller | Profile |
Still Interested in Washington Business Bank?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.