United Bankshares Correlations

UBSI Stock

USD 34.38 0.33 0.95%

The current 90-days correlation between United Bankshares and Pacific Premier Bancorp is 0.87 (i.e., Very poor diversification). The correlation of United Bankshares 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.

United Bankshares Correlation With Market

Very weak diversification

The correlation between United Bankshares 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 United Bankshares and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Bankshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in United Stock please use our How to Invest in United Bankshares guide.

Moving together with United Stock

0.97	AX	Axos Financial	Pair Corr
0.86	BY	Byline Bancorp	Pair Corr
0.72	KB	KB Financial Group	Pair Corr
0.85	PB	Prosperity Bancshares	Pair Corr
0.9	RF	Regions Financial	Pair Corr
0.86	VBNK	VersaBank	Pair Corr
0.89	VBTX	Veritex Holdings	Pair Corr
0.95	EGBN	Eagle Bancorp	Pair Corr
0.67	WAFD	Washington Federal	Pair Corr
0.76	WASH	Washington Trust Bancorp	Pair Corr
0.89	EQBK	Equity Bancshares,	Pair Corr
0.67	WAFDP	Washington Federal	Pair Corr
0.7	TFINP	Triumph Financial	Pair Corr
0.89	EVBN	Evans Bancorp	Pair Corr
0.85	WMPN	William Penn Bancorp	Pair Corr

Moving against United Stock

0.81	VBFC	Village Bank	Pair Corr
0.69	DB	Deutsche Bank AG	Pair Corr
0.61	TECTP	Tectonic Financial	Pair Corr
0.55	EBMT	Eagle Bancorp Montana	Pair Corr
0.31	ECBK	ECB Bancorp	Pair Corr
0.42	KEY-PI	KeyCorp	Pair Corr
0.42	WSBCP	WesBanco	Pair Corr
0.37	BANC-PF	Banc of California	Pair Corr
0.33	KEY-PL	KeyCorp	Pair Corr

Related Correlations Analysis

	PEBO	EGBN	NRIM	PPBI	BMRC	THFF	TCBK	CTBI	VABK	CBSH
PEBO		0.82	0.89	0.94	0.58	0.37	0.57	0.92	0.57	0.91	PEBO
EGBN	0.82		0.61	0.93	0.27	-0.15	0.42	0.73	0.68	0.7	EGBN
NRIM	0.89	0.61		0.82	0.75	0.6	0.65	0.84	0.3	0.91	NRIM
PPBI	0.94	0.93	0.82		0.53	0.11	0.59	0.82	0.56	0.86	PPBI
BMRC	0.58	0.27	0.75	0.53		0.5	0.86	0.44	-0.14	0.65	BMRC
THFF	0.37	-0.15	0.6	0.11	0.5		0.24	0.49	0.0	0.44	THFF
TCBK	0.57	0.42	0.65	0.59	0.86	0.24		0.44	-0.03	0.57	TCBK
CTBI	0.92	0.73	0.84	0.82	0.44	0.49	0.44		0.66	0.84	CTBI
VABK	0.57	0.68	0.3	0.56	-0.14	0.0	-0.03	0.66		0.33	VABK
CBSH	0.91	0.7	0.91	0.86	0.65	0.44	0.57	0.84	0.33		CBSH
	PEBO	EGBN	NRIM	PPBI	BMRC	THFF	TCBK	CTBI	VABK	CBSH

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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

PPBI	+ 0.94	PEBO
PPBI	+ 0.93	EGBN
CTBI	+ 0.92	PEBO
CBSH	+ 0.91	PEBO
CBSH	+ 0.91	NRIM
NRIM	+ 0.89	PEBO

High negative correlations

THFF	- 0.15	EGBN
VABK	- 0.14	BMRC
VABK	- 0.03	TCBK
VABK	- 0.0	THFF

Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Bankshares 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 United Bankshares' 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
PEBO	1.09	(0.15)	0.00	(0.22)	0.00	0.00	2.17	(3.31)	7.07
EGBN	1.71	(0.35)	0.00	(0.32)	0.00	0.00	2.87	(3.78)	8.86
NRIM	1.63	(0.12)	0.00	(0.17)	0.00	0.00	2.44	(3.45)	9.90
PPBI	1.40	(0.24)	0.00	(0.26)	0.00	0.00	3.08	(4.13)	7.91
BMRC	1.32	(0.10)	0.00	0.83	0.00	0.00	2.05	(3.03)	9.33
THFF	1.25	0.08	0.05	0.01	1.71	(1.27)	2.84	(2.85)	7.70
TCBK	0.98	(0.14)	0.00	46.17	0.00	0.00	2.00	(2.49)	5.65
CTBI	1.20	(0.10)	0.00	(0.17)	0.00	0.00	2.32	(2.93)	7.23
VABK	1.32	(0.19)	0.00	(0.33)	0.00	0.00	2.79	(3.47)	7.70
CBSH	1.08	(0.07)	0.00	(0.14)	0.00	0.00	1.84	(2.19)	5.97

United Bankshares Corporate Management

CPA CPA	Ex Director	Profile
Charles Mildren	Executive Officer	Profile
Richard Sr	Executive Board	Profile
Matthew Humphrey	Executive Management	Profile
Darren Williams	Executive Officer	Profile

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