Webster Financial Correlations

Stocks . Germany . 
Stock . Webster Financial
WED Stock  EUR 58.00  0.50  0.87%   
The current 90-days correlation between Webster Financial and CarsalesCom is 0.02 (i.e., Significant 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.

Webster Financial Correlation With Market

Good diversification

The correlation between Webster Financial and DJI is -0.05 (i.e., Good 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.
  
The ability to find closely correlated positions to Webster Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Webster Financial 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 Webster Financial - 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 Webster Financial to buy it.

Moving together with Webster Stock

  0.89UB5 US BancorpPairCorr
  0.94PNP PNC FinancialPairCorr
  0.62FFH Fifth Third BancorpPairCorr
  0.64MTZ MT Bank CorpPairCorr
  0.62HU3 Huntington BancsharesPairCorr
  0.86RN7 Regions FinancialPairCorr
  0.61KEY KeyCorpPairCorr
  0.63OIX ORIXPairCorr
  0.76HOU CenterPoint EnergyPairCorr
  0.77LID Alliance Data Systems Earnings Call TomorrowPairCorr
  0.89ZIM Zimmer Biomet HoldingsPairCorr
  0.82RHM Rheinmetall AGPairCorr
  0.68TP3 THRACE PLASTICSPairCorr
  0.92AF4 Hanover Insurance Earnings Call This WeekPairCorr
  0.79ROW TEXAS ROADHOUSEPairCorr
  0.91LA3A Laureate EducationPairCorr
  0.78108 Sumitomo Rubber InduPairCorr
  0.9SQE Strategic EducationPairCorr
  0.742T9A TRAINLINE PLC LSPairCorr

Moving against Webster Stock

  0.48LLD2 Lloyds Banking GroupPairCorr
  0.32DBPD Xtrackers ShortDAXPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
WN6
+ 0.94
WN6
KDIC
+ 0.41
UP2
ESY
+ 0.4
UP2
UP2
+ 0.39
WN6
KDIC
+ 0.26
WN6
WN6
+ 0.26
UP2
  
High negative correlations   
AOF
- 0.76
UP2
WN6
- 0.63
ESY
AOF
- 0.62
ESY
ESY
- 0.51
WN6
AOF
- 0.17
KDIC
AOF
- 0.0
T2E

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Webster Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Exposure Probability Now

   

Price Exposure Probability

Analyze equity upside and downside potential for a given time horizon across multiple markets
All  Next Launch Module

Webster Financial Corporate Management

Elected by the shareholders, the Webster Financial's board of directors comprises two types of representatives: Webster Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Webster. The board's role is to monitor Webster Financial's management team and ensure that shareholders' interests are well served. Webster Financial'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, Webster Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jack KopniskyEx ChairmanProfile
CPA CPAEx OfficerProfile
Daniel BleyEx OfficerProfile
Glenn MacInnesEx CFOProfile
Vikram NafdeEx OfficerProfile
John CiullaCEO PresProfile
Christopher MotlEx BankingProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY