WesBanco Correlations

WSBC Stock

USD 36.85 0.42 1.15%

The current 90-days correlation between WesBanco and Petro Usa is 0.2 (i.e., Modest 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 0.88 (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.

Build AI portfolio with WesBanco Stock

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

0.89	BNPH	BNP PARIBAS ADR	Pair Corr
0.67	BIRG	Bank of Ireland	Pair Corr
0.72	AON0	AOZORA BANK LTD	Pair Corr
0.92	AX	Axos Financial	Pair Corr
0.98	BY	Byline Bancorp	Pair Corr
0.61	KBN	Komplett Bank ASA	Pair Corr
0.87	PB	Prosperity Bancshares	Pair Corr
0.96	RF	Regions Financial	Pair Corr
0.94	HH1	Hancock Whitney	Pair Corr
0.82	BCVN	Banque Cantonale Vaudoise	Pair Corr
0.82	LLBN	Liechtensteinische	Pair Corr
0.89	VBNK	VersaBank	Pair Corr
0.81	SANB	SANTANDER UK 8	Pair Corr
0.61	PWT	TFS Financial	Pair Corr
0.86	B4M1	SpareBank 1 SR	Pair Corr
0.92	UIO	ATLANTIC UNION BANKSDL	Pair Corr
0.65	WBCPK	Westpac Banking	Pair Corr
0.81	FRYA	Swedbank AB	Pair Corr
0.92	VNB	Valley National Bancorp	Pair Corr
0.94	EBMT	Eagle Bancorp Montana	Pair Corr
0.61	ECBK	ECB Bancorp	Pair Corr
0.89	BNP	BNP Paribas SA	Pair Corr
0.91	EFSC	Enterprise Financial	Pair Corr
0.91	EGBN	Eagle Bancorp	Pair Corr
0.89	HSBK	Halyk Bank	Pair Corr
0.71	PFZ	Pinnacle Financial	Pair Corr
0.75	BCGE	Banque Cantonale	Pair Corr
0.91	WABC	Westamerica Bancorporation	Pair Corr
0.82	WAFD	Washington Federal	Pair Corr
0.92	WASH	Washington Trust Bancorp	Pair Corr

Moving against WesBanco Stock

0.75	3YB	Postal Savings Bank	Pair Corr
0.43	ICBA	ICICI Bank Limited	Pair Corr
0.35	C3B	Chongqing Rural Comm	Pair Corr
0.32	D7C	China CITIC Bank	Pair Corr

Related Correlations Analysis

	TMEB	SNRY	TYTN	PMBY	WNCG	PBAJ	EXBX	NXTYQ	PMPG	LLND
TMEB		0.0	0.0	0.0	1.0	0.0	1.0	1.0	0.0	1.0	TMEB
SNRY	0.0		0.17	0.21	0.0	0.16	0.0	0.0	-0.03	0.0	SNRY
TYTN	0.0	0.17		0.83	0.0	0.36	0.0	0.0	0.36	0.0	TYTN
PMBY	0.0	0.21	0.83		0.0	0.39	0.0	0.0	0.1	0.0	PMBY
WNCG	1.0	0.0	0.0	0.0		0.0	1.0	1.0	0.0	1.0	WNCG
PBAJ	0.0	0.16	0.36	0.39	0.0		0.0	0.0	0.52	0.0	PBAJ
EXBX	1.0	0.0	0.0	0.0	1.0	0.0		1.0	0.0	1.0	EXBX
NXTYQ	1.0	0.0	0.0	0.0	1.0	0.0	1.0		0.0	1.0	NXTYQ
PMPG	0.0	-0.03	0.36	0.1	0.0	0.52	0.0	0.0		0.0	PMPG
LLND	1.0	0.0	0.0	0.0	1.0	0.0	1.0	1.0	0.0		LLND
	TMEB	SNRY	TYTN	PMBY	WNCG	PBAJ	EXBX	NXTYQ	PMPG	LLND

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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

WNCG	+ 1.0	TMEB
EXBX	+ 1.0	TMEB
NXTYQ	+ 1.0	TMEB
LLND	+ 1.0	TMEB
EXBX	+ 1.0	WNCG
NXTYQ	+ 1.0	WNCG

High negative correlations

PMPG	- 0.03	SNRY
LLND	- 0.0	PMPG
PMPG	- 0.0	NXTYQ
PMPG	- 0.0	EXBX
LLND	- 0.0	PBAJ
NXTYQ	- 0.0	PBAJ

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TMEB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNRY	57.19	26.04	0.51	(1.81)	27.27	(124.40)	125.00	(55.56)	775.00
TYTN	52.48	22.85	0.00	0.64	0.00	0.00	0.00	0.00	1,742
PMBY	5.97	3.35	0.00	(0.65)	0.00	0.00	0.00	0.00	200.00
WNCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBAJ	4.48	2.04	0.00	0.73	0.00	0.00	0.00	0.00	150.00
EXBX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NXTYQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMPG	17.31	4.77	0.10	1.29	15.42	(68.52)	100.00	(50.00)	150.00
LLND	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

WesBanco Corporate Management

Anthony Pietranton	Executive VP of HR Management	Profile
Alisha Hipwell	Senior Officer	Profile
Robert Friend	Executive Officer	Profile
LaReta Lowther	Senior Compliance	Profile
Michael CPA	Senior Officer	Profile

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