East West Correlations

EWBC Stock

USD 93.36 0.53 0.56%

The current 90-days correlation between East West Bancorp and Barclays PLC ADR is 0.23 (i.e., Modest diversification). The correlation of East West 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.

East West Correlation With Market

Significant diversification

The correlation between East West Bancorp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding East West Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in East West Bancorp. 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.

Moving together with East Stock

0.82	AX	Axos Financial	Pair Corr
0.77	BY	Byline Bancorp	Pair Corr
0.83	KB	KB Financial Group	Pair Corr
0.96	PB	Prosperity Bancshares	Pair Corr
0.93	RF	Regions Financial Sell-off Trend	Pair Corr
0.62	WF	Woori Financial Group	Pair Corr
0.63	VABK	Virginia National	Pair Corr
0.8	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.76	VBTX	Veritex Holdings	Pair Corr
0.83	TFC-PI	Truist Financial	Pair Corr
0.69	TFC-PO	Truist Financial	Pair Corr
0.73	CFG-PE	Citizens Financial	Pair Corr
0.74	EGBN	Eagle Bancorp	Pair Corr
0.81	KEY-PJ	KeyCorp	Pair Corr
0.86	KEY-PK	KeyCorp	Pair Corr
0.77	WABC	Westamerica Bancorporation	Pair Corr
0.87	WASH	Washington Trust Bancorp	Pair Corr
0.88	EQBK	Equity Bancshares,	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr

Moving against East Stock

0.74	VBFC	Village Bank	Pair Corr
0.33	TECTP	Tectonic Financial	Pair Corr
0.57	EFSI	Eagle Financial Services	Pair Corr

Related Correlations Analysis

	BCS	UBS	ING	C	RY	BAC	JPM	TD	HSBC	WFC
BCS		0.74	0.9	0.93	-0.29	0.38	0.93	0.84	0.9	0.86	BCS
UBS	0.74		0.78	0.81	0.03	0.59	0.78	0.72	0.59	0.73	UBS
ING	0.9	0.78		0.92	-0.43	0.31	0.89	0.82	0.9	0.77	ING
C	0.93	0.81	0.92		-0.29	0.35	0.93	0.82	0.91	0.81	C
RY	-0.29	0.03	-0.43	-0.29		0.24	-0.31	-0.25	-0.48	-0.15	RY
BAC	0.38	0.59	0.31	0.35	0.24		0.55	0.52	0.09	0.7	BAC
JPM	0.93	0.78	0.89	0.93	-0.31	0.55		0.9	0.84	0.94	JPM
TD	0.84	0.72	0.82	0.82	-0.25	0.52	0.9		0.75	0.89	TD
HSBC	0.9	0.59	0.9	0.91	-0.48	0.09	0.84	0.75		0.67	HSBC
WFC	0.86	0.73	0.77	0.81	-0.15	0.7	0.94	0.89	0.67		WFC
	BCS	UBS	ING	C	RY	BAC	JPM	TD	HSBC	WFC

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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

WFC	+ 0.94	JPM
C	+ 0.93	BCS
JPM	+ 0.93	BCS
JPM	+ 0.93	C
C	+ 0.92	ING
HSBC	+ 0.91	C

High negative correlations

HSBC	- 0.48	RY
RY	- 0.43	ING
JPM	- 0.31	RY
RY	- 0.29	C
RY	- 0.29	BCS
TD	- 0.25	RY

Risk-Adjusted Indicators

There is a big difference between East Stock performing well and East West 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 East West'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
BCS	1.56	0.22	0.12	0.21	1.70	(1.78)	2.93	(2.65)	13.27
UBS	1.09	0.09	0.05	0.17	1.67	(1.22)	2.68	(2.65)	11.01
ING	1.07	0.15	0.12	0.30	1.15	(1.16)	2.46	(2.21)	6.28
C	1.12	0.25	0.17	(1.57)	1.20	(1.21)	2.45	(2.08)	9.59
RY	0.67	(0.04)	0.00	0.23	0.00	0.00	1.41	(1.54)	5.83
BAC	0.87	(0.07)	0.00	(0.12)	0.00	0.00	1.50	(1.80)	4.81
JPM	0.88	0.10	0.09	0.13	1.16	(0.99)	1.92	(1.43)	6.85
TD	0.77	0.10	0.07	0.39	1.36	(0.78)	1.36	(1.22)	7.63
HSBC	0.73	0.29	0.32	0.97	0.47	(0.82)	1.55	(1.46)	4.99
WFC	1.03	0.07	0.06	0.07	1.11	(1.25)	1.71	(2.14)	8.83

East West Corporate Executives

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

Christopher CFA	Executive CFO	Profile
Irene Oh	CFO, Executive VP, CFO of East West Bank and Executive VP of East West Bank	Profile
Parker Shi	Executive COO	Profile

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