WesBanco Correlations

WSBC Stock  USD 35.23  0.93  2.71%   
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 poor diversification

The correlation between WesBanco and DJI is 0.81 (i.e., Very poor 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

  0.98BY Byline BancorpPairCorr
  0.93PB Prosperity BancsharesPairCorr
  0.74SANB SANTANDER UK 8PairCorr
  0.87WAFD Washington FederalPairCorr
  0.66BFC Bank First NationalPairCorr
  0.85CFR CullenFrost BankersPairCorr
  0.9HTH Hilltop HoldingsPairCorr
  0.96VLY Valley National BancorpPairCorr
  0.95HOPE Hope BancorpPairCorr
  0.9RBCAA Republic Bancorp Earnings Call TomorrowPairCorr
  0.86MCBS MetroCity Bankshares Earnings Call This WeekPairCorr
  0.97NBHC National Bank HoldingsPairCorr
  0.95PNFP Pinnacle FinancialPairCorr
  0.95QCRH QCR HoldingsPairCorr
  0.92AMAL Amalgamated BankPairCorr
  0.97SBSI Southside BancsharesPairCorr
  0.91STBA ST BancorpPairCorr
  0.93BOKF BOK FinancialPairCorr
  0.94TCBK TriCo BancsharesPairCorr
  0.89BPOP PopularPairCorr
  0.96BUSE First Busey CorpPairCorr
  0.9BVFL BV Financial CommonPairCorr
  0.95CADE Cadence BancorpPairCorr
  0.92CBSH Commerce BancsharesPairCorr
  0.97CNOB ConnectOne BancorpPairCorr
  0.91CUBI Customers BancorpPairCorr
  0.96DCOM Dime Community BancsharesPairCorr
  0.95UVSP Univest PennsylvaniaPairCorr
  0.68PPERY Bank Mandiri Persero Earnings Call This WeekPairCorr
  0.65TLKMF Telkom Indonesia TbkPairCorr

Moving against WesBanco Stock

  0.76PBHC Pathfinder BancorpPairCorr
  0.5LDI LoandepotPairCorr
  0.78PBCRY Bank Central AsiaPairCorr
  0.51BKRKF PT Bank RakyatPairCorr
  0.49PTAIF PT Astra InternationalPairCorr
  0.41BKRKY Bank RakyatPairCorr

Related Correlations Analysis


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  1.17  0.06  0.05  0.12  1.17 
 2.35 
 8.66 
WSFS  1.13  0.21  0.15  0.36  1.10 
 2.71 
 8.78 
TBBK  1.60 (0.27) 0.00 (0.09) 0.00 
 4.18 
 19.50 
FHB  1.20  0.14  0.13  0.19  1.01 
 3.23 
 7.66 
BKU  1.21  0.31  0.22  0.33  1.08 
 3.30 
 13.69 
FBK  1.24 (0.01) 0.01  0.06  1.62 
 3.18 
 11.63 
SBCF  1.19  0.09  0.08  0.14  1.22 
 3.69 
 8.79 
FULT  1.25  0.14  0.11  0.17  1.25 
 3.01 
 8.73 
CATY  1.13  0.08  0.05  0.16  1.21 
 3.14 
 8.56 
BANC  1.20  0.22  0.15  0.24  1.20 
 4.35 
 8.37 

WesBanco Corporate Management

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