WesBanco Correlations

WSBC Stock  USD 33.34  0.10  0.30%   
The current 90-days correlation between WesBanco and Community Bank System is 0.82 (i.e., Very poor diversification). The correlation of WesBanco 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.

WesBanco Correlation With Market

Very weak diversification

The correlation between WesBanco and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WesBanco 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 WesBanco. 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 information on how to trade WesBanco Stock refer to our How to Trade WesBanco Stock guide.

Moving together with WesBanco Stock

  0.61BIRG Bank of IrelandPairCorr
  0.86EBMT Eagle Bancorp MontanaPairCorr
  0.86FCAP First CapitalPairCorr
  0.96FFBC First Financial BancorpPairCorr
  0.81BOH Bank of HawaiiPairCorr
  0.81CAC Camden NationalPairCorr
  0.77MPB Mid Penn BancorpPairCorr
  0.96PFS Provident FinancialPairCorr
  0.83TFC Truist Financial CorpPairCorr
  0.86WAL Western Alliance BanPairCorr
  0.97GSBC Great Southern BancorpPairCorr
  0.93HBAN Huntington BancsharesPairCorr
  0.89HOMB Home BancSharesPairCorr
  0.7HTBK Heritage Commerce CorpPairCorr
  0.83IBCP Independent BankPairCorr
  0.7INBK First Internet BancorpPairCorr
  0.86MCBS MetroCity BanksharesPairCorr
  0.76ORRF Orrstown FinancialPairCorr
  0.79VBNK VersaBankPairCorr
  0.85PNBK Patriot National BancorpPairCorr
  0.95PNFP Pinnacle FinancialPairCorr
  0.73QCRH QCR HoldingsPairCorr
  0.88RMBI Richmond Mutual BancPairCorr
  0.87AFBI Affinity BancsharesPairCorr
  0.72SBFG SB Financial GroupPairCorr
  0.77SMBC Southern Missouri BancorpPairCorr
  0.94SPFI South Plains FinancialPairCorr
  0.96BOKF BOK FinancialPairCorr

Moving against WesBanco Stock

  0.78601658 Postal Savings BankPairCorr
  0.54LDI LoandepotPairCorr
  0.79601665 Qilu BankPairCorr
  0.79CMWCF Cromwell PropertyPairCorr
  0.46BKRKF PT Bank RakyatPairCorr
  0.33BYFC Broadway Financial TrendingPairCorr

Related Correlations Analysis


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

BANCBKU
BANCFHB
BANCFULT
FHBWSFS
BKUFHB
FULTCBU
  

High negative correlations

BKUTBBK
TBBKWSFS
FHBTBBK
BANCTBBK

Risk-Adjusted Indicators

There is a big difference between WesBanco Stock performing well and WesBanco 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 WesBanco'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CBU  1.13 (0.06)(0.04) 0.00  1.43 
 2.31 
 8.57 
WSFS  1.08 (0.02)(0.01) 0.03  1.61 
 2.40 
 8.47 
TBBK  1.83 (0.24) 0.00 (0.05) 0.00 
 4.29 
 20.56 
FHB  1.16  0.00  0.01  0.05  1.50 
 2.72 
 8.02 
BKU  1.27  0.19  0.09  0.20  2.03 
 2.75 
 12.01 
FBK  1.22 (0.06)(0.01) 0.02  2.17 
 2.60 
 12.52 
SBCF  1.26 (0.01) 0.01  0.05  1.78 
 3.46 
 9.34 
FULT  1.30  0.02  0.02  0.07  1.78 
 3.20 
 8.44 
CATY  1.17 (0.03)(0.01) 0.03  1.87 
 3.14 
 10.95 
BANC  1.44  0.17  0.09  0.16  2.10 
 4.17 
 11.92 

WesBanco Corporate Management

Anthony PietrantonExecutive VP of HR ManagementProfile
Alisha HipwellSenior OfficerProfile
Robert FriendExecutive OfficerProfile
LaReta LowtherSenior ComplianceProfile
Michael CPASenior OfficerProfile