WesBanco Correlations

WSBCPDelisted Preferred Stock

USD 24.99 0.00 0.00%

The current 90-days correlation between WesBanco and WSFS Financial is 0.02 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

WesBanco Correlation With Market

Very poor diversification

The correlation between WesBanco and DJI is 0.87 (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.

The ability to find closely correlated positions to WesBanco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WesBanco 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 WesBanco - 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 WesBanco to buy it.

Moving together with WesBanco Preferred Stock

0.87	CIHHF	China Merchants Bank	Pair Corr
0.79	BBDC4	Banco Bradesco SA	Pair Corr
0.76	BBAS3	Banco do Brasil	Pair Corr
0.91	MFG	Mizuho Financial Downward Rally	Pair Corr
0.88	ITUB	Itau Unibanco Banco Downward Rally	Pair Corr
0.88	PNC	PNC Financial Services	Pair Corr
0.8	NFPDF	Nissin Foods Holdings	Pair Corr
0.93	FMCB	Farmers Merchants Bancorp	Pair Corr
0.84	DAIUF	Daifuku Co	Pair Corr
0.79	FUWAF	Furukawa Electric	Pair Corr
0.61	MKTDF	DeepMarkit Corp	Pair Corr
0.82	THLEF	Thales SA Earnings Call Today	Pair Corr
0.9	TPC	Tutor Perini	Pair Corr
0.62	CNOB	ConnectOne Bancorp	Pair Corr
0.75	ODC	Oil Dri	Pair Corr
0.69	UEC	Uranium Energy Corp	Pair Corr
0.88	THYCF	Taiheiyo Cement	Pair Corr
0.87	NDGPY	Nine Dragons Paper	Pair Corr
0.82	MSBHF	Mitsubishi Corp	Pair Corr
0.85	PZG	Paramount Gold Nevada	Pair Corr
0.72	NPSCY	Nippon Steel Corp	Pair Corr
0.83	FHI	Federated Investors	Pair Corr
0.72	ALLO	Allogene Therapeutics Earnings Call Tomorrow	Pair Corr
0.71	SOMMY	Sumitomo Chemical	Pair Corr
0.91	SLF	Sun Life Financial	Pair Corr
0.89	HYMC	Hycroft Mining Holding	Pair Corr
0.79	PLD	Prologis	Pair Corr

Moving against WesBanco Preferred Stock

0.83	HDB	HDFC Bank Limited	Pair Corr
0.71	NDEKY	Nitto Denko Corp	Pair Corr
0.66	CIHKY	China Merchants Bank	Pair Corr
0.45	MITI	Mitesco	Pair Corr

Related Correlations Analysis

	WSFS	CBU	FULT	TBBK	FHB	FBP	BKU	CATY	FBK	WBS
WSFS		0.84	0.89	-0.81	0.3	0.83	0.83	0.88	0.46	0.92	WSFS
CBU	0.84		0.94	-0.49	0.69	0.91	0.94	0.87	0.79	0.85	CBU
FULT	0.89	0.94		-0.55	0.61	0.96	0.93	0.9	0.66	0.93	FULT
TBBK	-0.81	-0.49	-0.55		0.2	-0.44	-0.51	-0.6	-0.05	-0.73	TBBK
FHB	0.3	0.69	0.61	0.2		0.65	0.67	0.46	0.73	0.35	FHB
FBP	0.83	0.91	0.96	-0.44	0.65		0.89	0.81	0.68	0.87	FBP
BKU	0.83	0.94	0.93	-0.51	0.67	0.89		0.84	0.75	0.86	BKU
CATY	0.88	0.87	0.9	-0.6	0.46	0.81	0.84		0.58	0.86	CATY
FBK	0.46	0.79	0.66	-0.05	0.73	0.68	0.75	0.58		0.49	FBK
WBS	0.92	0.85	0.93	-0.73	0.35	0.87	0.86	0.86	0.49		WBS
	WSFS	CBU	FULT	TBBK	FHB	FBP	BKU	CATY	FBK	WBS

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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

FBP	+ 0.96	FULT
FULT	+ 0.94	CBU
BKU	+ 0.94	CBU
BKU	+ 0.93	FULT
WBS	+ 0.93	FULT
WBS	+ 0.92	WSFS

High negative correlations

TBBK	- 0.81	WSFS
WBS	- 0.73	TBBK
CATY	- 0.6	TBBK
TBBK	- 0.55	FULT
BKU	- 0.51	TBBK
TBBK	- 0.49	CBU

Risk-Adjusted Indicators

There is a big difference between WesBanco Preferred 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
WSFS	1.23	0.20	0.09	1.08	1.38	(1.36)	2.71	(2.92)	9.87
CBU	1.16	0.06	0.04	0.13	1.33	(1.28)	2.31	(2.65)	8.96
FULT	1.35	0.17	0.11	0.19	1.56	(1.53)	2.70	(1.95)	10.18
TBBK	2.12	(0.36)	0.00	(0.08)	0.00	0.00	4.87	(5.50)	20.77
FHB	1.33	(0.05)	(0.01)	0.04	1.69	(1.48)	2.74	(3.00)	9.69
FBP	1.19	0.09	0.05	0.16	1.50	(1.25)	2.87	(2.15)	9.99
BKU	1.29	0.12	0.08	0.17	1.53	(1.59)	3.30	(2.07)	14.15
CATY	1.23	0.07	0.01	0.55	1.46	(1.49)	2.72	(2.20)	9.73
FBK	1.29	(0.09)	(0.03)	0.01	1.78	(1.55)	3.01	(1.88)	11.62
WBS	1.09	0.27	0.23	0.38	0.80	(1.31)	2.80	(1.70)	10.59

WesBanco 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 WesBanco preferred stock to make a market-neutral strategy. Peer analysis of WesBanco could also be used in its relative valuation, which is a method of valuing WesBanco by comparing valuation metrics with similar companies.

WSFS Financial Community Bank System Fulton Financial The Bancorp First Hawaiian First Bancorp BankUnited Cathay General Bancorp FB Financial Corp Webster Financial American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

WesBanco Corporate Management

Michael Perkins	Sr Officer	Profile
Todd Clossin	CEO Pres	Profile
Jennifer Roth	Chief Officer	Profile
Jayson Zatta	EVP Officer	Profile
Anthony Pietranton	Sr HR	Profile
John Iannone	VP PR	Profile
Lynn Asensio	Ex Officer	Profile

Still Interested in WesBanco?

Investing in delisted delisted preferred stocks can be risky, as the preferred stock 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.

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