Westamerica Bancorporation Correlations
| WABC Stock | USD 51.39 0.02 0.04% |
The current 90-days correlation between Westamerica Bancorporation and Heritage Commerce Corp is 0.66 (i.e., Poor diversification). The correlation of Westamerica 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.
Westamerica Bancorporation Correlation With Market
Very weak diversification
The correlation between Westamerica Bancorp. and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westamerica Bancorp. and DJI in the same portfolio, assuming nothing else is changed.
Westamerica |
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Westamerica Stock performing well and Westamerica 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 Westamerica 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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HTBK | 1.10 | 0.04 | 0.03 | 0.04 | 1.41 | 2.22 | 7.95 | |||
| HFWA | 1.06 | 0.00 | 0.00 | 0.00 | 1.43 | 2.28 | 8.15 | |||
| CATC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CVCY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PWOD | 1.15 | (0.11) | 0.00 | (0.11) | 0.00 | 2.55 | 5.87 | |||
| LBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SRCE | 1.17 | 0.06 | 0.04 | 0.05 | 1.38 | 2.77 | 11.24 | |||
| GSBC | 1.20 | (0.08) | 0.00 | (0.09) | 0.00 | 2.41 | 7.73 | |||
| WSBF | 1.31 | (0.03) | 0.00 | (0.05) | 0.00 | 2.23 | 11.71 | |||
| HBCP | 1.38 | (0.01) | 0.00 | (0.01) | 0.00 | 3.09 | 8.36 |
Westamerica Bancorporation Corporate Management
| Kris Irvine | VP Secretary | Profile | |
| Curtis Belton | Senior Officer | Profile | |
| Jesse Leavitt | VP CFO | Profile | |
| John III | Senior Treasurer | Profile | |
| Anela Jonas | Senior Officer | Profile | |
| Diane Cunningham | Corporate Secretary | Profile |