Waterstone Financial Correlations

WSBF Stock

USD 18.05 0.25 1.37%

The current 90-days correlation between Waterstone Financial and Plumas Bancorp is -0.09 (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

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

0.86	MBIN	Merchants Bancorp Normal Trading	Pair Corr
0.81	TFLM	TFLM	Pair Corr
0.78	SECVY	Seche Environnement	Pair Corr
0.84	YLLXF	Yellow Cake plc	Pair Corr
0.86	NEWTH	NewtekOne 8625 percent	Pair Corr
0.78	AROC	Archrock Symbol Change	Pair Corr
0.89	FIBK	First Interstate Ban	Pair Corr
0.63	MAT	Mattel Inc Earnings Call Today	Pair Corr
0.87	OBYCF	Obayashi	Pair Corr
0.85	THO	Thor Industries	Pair Corr
0.78	RILYL	B Riley Financial	Pair Corr
0.9	ENS	Enersys Earnings Call Tomorrow	Pair Corr
0.79	BNKHF	BOC Hong Kong	Pair Corr
0.68	NFG	National Fuel Gas	Pair Corr
0.84	RCKY	Rocky Brands	Pair Corr

Moving against Waterstone Stock

0.45	MTG	MGIC Investment Corp	Pair Corr
0.4	RDN	Radian Group Earnings Call Tomorrow	Pair Corr
0.74	BROGF	BROGF	Pair Corr
0.34	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	PLBC	CZNC	CBAN	FNLC	BCML	FSBW	ISBA	JMSB	MBCN	PCB
PLBC		0.95	0.96	0.89	0.5	0.62	0.62	0.66	0.23	0.66	PLBC
CZNC	0.95		0.97	0.94	0.64	0.73	0.62	0.71	0.37	0.81	CZNC
CBAN	0.96	0.97		0.95	0.59	0.73	0.71	0.68	0.33	0.72	CBAN
FNLC	0.89	0.94	0.95		0.72	0.8	0.73	0.73	0.47	0.85	FNLC
BCML	0.5	0.64	0.59	0.72		0.82	0.71	0.8	0.81	0.85	BCML
FSBW	0.62	0.73	0.73	0.8	0.82		0.73	0.78	0.69	0.84	FSBW
ISBA	0.62	0.62	0.71	0.73	0.71	0.73		0.68	0.54	0.54	ISBA
JMSB	0.66	0.71	0.68	0.73	0.8	0.78	0.68		0.53	0.76	JMSB
MBCN	0.23	0.37	0.33	0.47	0.81	0.69	0.54	0.53		0.64	MBCN
PCB	0.66	0.81	0.72	0.85	0.85	0.84	0.54	0.76	0.64		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	1.11	0.31	0.29	0.38	0.54	(1.24)	3.05	(1.60)	11.71
CZNC	1.15	0.28	0.17	0.62	1.08	(1.44)	3.19	(1.62)	7.41
CBAN	1.11	0.34	0.26	0.54	0.81	(1.35)	3.34	(1.54)	9.02
FNLC	1.31	0.22	0.16	0.33	1.00	(1.72)	3.44	(1.99)	7.07
BCML	1.39	0.15	0.06	0.40	1.37	(1.57)	3.46	(2.78)	9.92
FSBW	1.33	0.11	0.04	0.32	1.22	(1.71)	3.96	(2.14)	12.82
ISBA	2.57	0.35	0.12	0.57	2.41	(2.96)	5.70	(4.19)	20.02
JMSB	1.49	0.15	0.04	1.76	1.60	(1.60)	3.37	(2.62)	15.99
MBCN	1.35	0.02	0.02	0.11	1.87	(1.33)	3.67	(2.93)	11.23
PCB	1.29	0.08	0.04	0.21	1.47	(1.44)	2.49	(2.36)	8.70

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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