Waterstone Financial Correlations

WSBF Stock

USD 15.38 0.13 0.85%

The current 90-days correlation between Waterstone Financial and Community West Bancshares is -0.01 (i.e., Good 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

Good diversification

The correlation between Waterstone Financial and DJI is -0.02 (i.e., Good 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.

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

0.64	V	Visa Class A	Pair Corr
0.63	MC	Moelis Potential Growth	Pair Corr

Moving against Waterstone Stock

0.42	WU	Western Union	Pair Corr
0.36	CNF	CNFinance Holdings	Pair Corr
0.33	RKT	Rocket Companies	Pair Corr
0.32	PPYAU	Papaya Growth Opportunity	Pair Corr

Related Correlations Analysis

	NBHC	CWBC	FISI	KRNY	HFWA	HBCP	CULL	CBFV	CIVB	FFNW
NBHC		0.39	0.67	0.9	0.96	0.94	-0.31	0.57	0.9	-0.17	NBHC
CWBC	0.39		0.59	0.43	0.54	0.29	-0.17	-0.04	0.27	-0.2	CWBC
FISI	0.67	0.59		0.83	0.73	0.63	-0.29	0.48	0.63	0.05	FISI
KRNY	0.9	0.43	0.83		0.92	0.9	-0.46	0.67	0.93	-0.21	KRNY
HFWA	0.96	0.54	0.73	0.92		0.88	-0.34	0.49	0.91	-0.29	HFWA
HBCP	0.94	0.29	0.63	0.9	0.88		-0.34	0.67	0.9	-0.14	HBCP
CULL	-0.31	-0.17	-0.29	-0.46	-0.34	-0.34		-0.51	-0.45	0.09	CULL
CBFV	0.57	-0.04	0.48	0.67	0.49	0.67	-0.51		0.7	0.08	CBFV
CIVB	0.9	0.27	0.63	0.93	0.91	0.9	-0.45	0.7		-0.34	CIVB
FFNW	-0.17	-0.2	0.05	-0.21	-0.29	-0.14	0.09	0.08	-0.34		FFNW
	NBHC	CWBC	FISI	KRNY	HFWA	HBCP	CULL	CBFV	CIVB	FFNW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

HFWA	+ 0.96	NBHC
HBCP	+ 0.94	NBHC
CIVB	+ 0.93	KRNY
HFWA	+ 0.92	KRNY
CIVB	+ 0.91	HFWA
KRNY	+ 0.9	NBHC

High negative correlations

CBFV	- 0.51	CULL
CULL	- 0.46	KRNY
CIVB	- 0.45	CULL
FFNW	- 0.34	CIVB
CULL	- 0.34	HBCP
CULL	- 0.34	HFWA

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
NBHC	1.60	0.06	0.08	0.11	1.63	(1.87)	3.29	(2.64)	17.64
CWBC	1.00	0.03	0.03	0.11	1.11	(1.07)	2.53	(2.16)	9.14
FISI	1.68	(0.04)	0.04	0.07	1.82	(1.90)	3.83	(3.22)	18.30
KRNY	1.97	0.16	0.18	0.14	1.59	(2.56)	4.56	(3.47)	22.42
HFWA	1.59	0.08	0.09	0.12	1.61	(1.66)	3.50	(2.26)	19.67
HBCP	1.65	0.10	0.09	0.14	1.74	(1.97)	3.76	(3.12)	12.98
CULL	0.51	(0.10)	0.00	0.72	0.00	0.00	1.18	(1.64)	4.73
CBFV	1.35	0.18	0.09	0.28	1.55	(1.45)	3.23	(2.62)	10.09
CIVB	1.39	0.37	0.29	0.34	0.89	(1.68)	3.67	(1.94)	10.55
FFNW	0.62	(0.01)	(0.09)	0.05	0.75	(0.69)	1.65	(1.13)	4.32

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC