West Bancorporation Correlations

Stocks . USA . 
Stock . West Bancorporation
WTBA Stock  USD 23.87  0.12  0.50%   
The current 90-days correlation between West Bancorporation and MidWestOne Financial Group is 0.75 (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 0.58 (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

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  0.94PB Prosperity Bancshares Fiscal Year End 22nd of January 2025 PairCorr
  0.94RF Regions Financial Fiscal Year End 17th of January 2025 PairCorr
  0.62VABK Virginia NationalPairCorr
  0.92VBNK VersaBank Normal TradingPairCorr
  0.93VBTX Veritex Holdings Fiscal Year End 28th of January 2025 PairCorr
  0.8TECTP Tectonic FinancialPairCorr
  0.8EBMT Eagle Bancorp Montana Normal TradingPairCorr
  0.92EBTC Enterprise BancorpPairCorr
  0.63ECBK ECB BancorpPairCorr
  0.96EFSC Enterprise Financial Fiscal Year End 27th of January 2025 PairCorr
  0.95EGBN Eagle Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.61KEY-PL KeyCorpPairCorr
  0.97WABC Westamerica Bancorporation Fiscal Year End 16th of January 2025 PairCorr
  0.96WASH Washington Trust Bancorp Fiscal Year End 22nd of January 2025 PairCorr
  0.7BANC-PF Banc of CaliforniaPairCorr
  0.95EQBK Equity Bancshares, Fiscal Year End 22nd of January 2025 PairCorr
  0.79ESSA ESSA BancorpPairCorr
  0.83EVBN Evans BancorpPairCorr
  0.76WSBCP WesBancoPairCorr

Moving against West Stock

  0.72CFG-PE Citizens FinancialPairCorr
  0.68TFC-PO Truist FinancialPairCorr
  0.66TFC-PR Truist FinancialPairCorr
  0.44WF Woori Financial GroupPairCorr
  0.43WAFDP Washington FederalPairCorr
  0.37FRCIL First Republic BankPairCorr

Related Correlations Analysis

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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.

West Bancorporation Corporate Management

Jane CPATreasurer VPProfile
Melissa JDAssistant VPProfile
Marc MeyerSenior BankProfile
Han WuSenior BankProfile
Keith KurthVice BankProfile
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