Waterstone Financial Correlations

WSBF Stock

USD 18.09 0.06 0.33%

The current 90-days correlation between Waterstone Financial and Plumas Bancorp is 0.58 (i.e., Very weak diversification). The correlation of Waterstone 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.

Waterstone Financial Correlation With Market

Very poor diversification

The correlation between Waterstone Financial and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Waterstone Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Waterstone Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waterstone Financial. 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 more detail on how to invest in Waterstone Stock please use our How to Invest in Waterstone Financial guide.

Moving together with Waterstone Stock

0.85	RCB	Ready Capital	Pair Corr
0.74	VEL	Velocity Financial Llc	Pair Corr
0.81	MBIN	Merchants Bancorp Normal Trading	Pair Corr
0.64	SNFCA	Security National	Pair Corr
0.83	TBMCR	Trailblazer Merger	Pair Corr
0.88	ASML	ASML Holding NV Sell-off Trend	Pair Corr
0.9	BNEFF	Bonterra Energy Corp	Pair Corr
0.82	INTC	Intel	Pair Corr
0.79	68389XAE5	ORACLE P 65	Pair Corr
0.72	AVHNY	Ackermans Van Haaren	Pair Corr
0.91	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.7	GROY	Gold Royalty Corp	Pair Corr
0.84	THXPF	Thor Explorations	Pair Corr
0.82	TOELF	Tokyo Electron	Pair Corr

Moving against Waterstone Stock

0.82	BETR	Better Home Finance	Pair Corr
0.54	RDN	Radian Group	Pair Corr
0.52	MTG	MGIC Investment Corp	Pair Corr
0.85	PBCRY	Bank Central Asia	Pair Corr
0.69	PTAIF	PT Astra International	Pair Corr
0.63	110122CP1	BRISTOL MYERS SQUIBB	Pair Corr
0.34	WELL	Welltower Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PLBC	CZNC	CBAN	FNLC	BCML	FSBW	ISBA	JMSB	MBCN	PCB
PLBC		0.95	0.96	0.9	0.47	0.57	0.63	0.66	0.13	0.67	PLBC
CZNC	0.95		0.97	0.94	0.6	0.69	0.64	0.74	0.27	0.79	CZNC
CBAN	0.96	0.97		0.95	0.54	0.68	0.72	0.7	0.22	0.72	CBAN
FNLC	0.9	0.94	0.95		0.68	0.77	0.75	0.76	0.37	0.84	FNLC
BCML	0.47	0.6	0.54	0.68		0.84	0.72	0.84	0.79	0.85	BCML
FSBW	0.57	0.69	0.68	0.77	0.84		0.78	0.84	0.66	0.86	FSBW
ISBA	0.63	0.64	0.72	0.75	0.72	0.78		0.7	0.54	0.61	ISBA
JMSB	0.66	0.74	0.7	0.76	0.84	0.84	0.7		0.56	0.86	JMSB
MBCN	0.13	0.27	0.22	0.37	0.79	0.66	0.54	0.56		0.59	MBCN
PCB	0.67	0.79	0.72	0.84	0.85	0.86	0.61	0.86	0.59		PCB
	PLBC	CZNC	CBAN	FNLC	BCML	FSBW	ISBA	JMSB	MBCN	PCB

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Risk-Adjusted Indicators

There is a big difference between Waterstone Stock performing well and Waterstone 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 Waterstone 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PLBC	1.10	0.31	0.29	0.36	0.57	(1.23)	3.05	(1.60)	12.44
CZNC	1.16	0.32	0.21	0.78	1.05	(1.48)	3.19	(1.62)	7.41
CBAN	1.10	0.32	0.26	0.49	0.80	(1.37)	3.31	(1.24)	9.08
FNLC	1.26	0.19	0.14	0.29	1.01	(1.62)	3.44	(2.02)	7.07
BCML	1.29	0.15	0.07	0.51	1.34	(1.46)	3.46	(2.78)	9.92
FSBW	1.15	0.04	0.01	0.15	1.24	(1.39)	3.28	(2.14)	9.27
ISBA	2.34	0.41	0.15	3.74	2.16	(2.74)	5.70	(3.25)	14.41
JMSB	1.28	0.03	0.00	0.12	1.49	(1.31)	3.19	(2.37)	7.58
MBCN	1.33	0.00	0.00	0.06	1.93	(1.29)	3.67	(2.93)	11.23
PCB	1.27	0.04	0.01	0.11	1.49	(1.43)	2.47	(2.38)	8.69

Waterstone Financial Corporate Executives

Elected by the shareholders, the Waterstone Financial's board of directors comprises two types of representatives: Waterstone Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Waterstone. The board's role is to monitor Waterstone Financial's management team and ensure that shareholders' interests are well served. Waterstone 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, Waterstone Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Mark CPA	CFO VP	Profile
	William Bruss	COO, Executive VP, General Counsel, Secretary, Executive VP of Waterstone Bank, General Counsel of Waterstone Bank and Secretary of Waterstone Bank	Profile

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