West Bancorporation Correlations

WTBA Stock

USD 20.22 0.23 1.12%

The current 90-days correlation between West Bancorporation and MidWestOne Financial Group is 0.77 (i.e., Poor diversification). The correlation of West Bancorporation 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.

West Bancorporation Correlation With Market

Very weak diversification

The correlation between West Bancorp. and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding West Bancorp. 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 West Bancorporation. 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 West Stock refer to our How to Trade West Stock guide.

Moving together with West Stock

0.88	BY	Byline Bancorp	Pair Corr
0.69	PB	Prosperity Bancshares	Pair Corr
0.65	RF	Regions Financial	Pair Corr
0.78	VBTX	Veritex Holdings	Pair Corr
0.82	EBTC	Enterprise Bancorp	Pair Corr
0.76	EFSC	Enterprise Financial	Pair Corr
0.63	EGBN	Eagle Bancorp	Pair Corr
0.66	WASH	Washington Trust Bancorp	Pair Corr
0.83	EQBK	Equity Bancshares,	Pair Corr
0.68	ESSA	ESSA Bancorp	Pair Corr
0.63	TFINP	Triumph Financial	Pair Corr
0.79	EVBN	Evans Bancorp	Pair Corr
0.81	WMPN	William Penn Bancorp	Pair Corr
0.82	WNEB	Western New England	Pair Corr

Moving against West Stock

0.6	VBFC	Village Bank	Pair Corr
0.33	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	MOFG	WASH	UVSP	BSRR	FBIZ
MOFG		0.89	0.93	0.9	0.75	MOFG
WASH	0.89		0.87	0.85	0.59	WASH
UVSP	0.93	0.87		0.92	0.69	UVSP
BSRR	0.9	0.85	0.92		0.84	BSRR
FBIZ	0.75	0.59	0.69	0.84		FBIZ
	MOFG	WASH	UVSP	BSRR	FBIZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between West Stock performing well and West Bancorporation 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 West Bancorporation'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MOFG	1.25	(0.07)	(0.15)	3.06	(2.56)	7.69
WASH	1.45	(0.05)	(0.11)	3.16	(3.42)	8.79
UVSP	1.26	(0.07)	(0.12)	2.50	(3.19)	6.94
BSRR	1.45	(0.03)	(0.09)	2.49	(3.08)	11.56
FBIZ	1.50	0.03	(0.03)	2.86	(3.19)	8.96

West Bancorporation Corporate Management

Jane CPA	Treasurer VP	Profile
Melissa JD	Assistant VP	Profile
Marc Meyer	Senior Bank	Profile
Han Wu	Senior Bank	Profile
Keith Kurth	Vice 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