Webster Financial Correlations

WBS Stock

USD 51.62 0.10 0.19%

The current 90-days correlation between Webster Financial and UMB Financial is 0.79 (i.e., Poor diversification). The correlation of Webster Financial 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Webster Financial Correlation With Market

Poor diversification

The correlation between Webster Financial and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Webster Financial 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 Webster Financial. 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 more information on how to buy Webster Stock please use our How to Invest in Webster Financial guide.

Moving together with Webster Stock

0.74	AX	Axos Financial	Pair Corr
0.82	BY	Byline Bancorp	Pair Corr
0.73	KB	KB Financial Group	Pair Corr
0.71	NU	Nu Holdings	Pair Corr
0.97	PB	Prosperity Bancshares	Pair Corr
0.93	RF	Regions Financial	Pair Corr
0.83	VBNK	VersaBank	Pair Corr
0.69	VBTX	Veritex Holdings	Pair Corr
0.76	EBTC	Enterprise Bancorp	Pair Corr
0.67	EFSC	Enterprise Financial	Pair Corr
0.74	EGBN	Eagle Bancorp	Pair Corr
0.83	WASH	Washington Trust Bancorp	Pair Corr
0.88	EQBK	Equity Bancshares,	Pair Corr
0.72	ESSA	ESSA Bancorp	Pair Corr
0.72	TFINP	Triumph Financial	Pair Corr
0.82	EVBN	Evans Bancorp	Pair Corr
0.91	WMPN	William Penn Bancorp	Pair Corr

Moving against Webster Stock

0.6	VBFC	Village Bank	Pair Corr
0.51	ECBK	ECB Bancorp	Pair Corr
0.49	DB	Deutsche Bank AG	Pair Corr
0.36	EBMT	Eagle Bancorp Montana	Pair Corr

Related Correlations Analysis

	WABC	WTFCP	FNWD	UMBF	TCBI	CNOBP	OCFCP	HBANM	FITBO
WABC		-0.6	0.59	0.49	0.43	-0.45	-0.4	0.2	0.12	WABC
WTFCP	-0.6		-0.46	-0.63	-0.33	0.84	0.88	-0.32	0.43	WTFCP
FNWD	0.59	-0.46		-0.06	-0.12	-0.61	-0.32	0.28	-0.06	FNWD
UMBF	0.49	-0.63	-0.06		0.69	-0.37	-0.6	0.13	-0.16	UMBF
TCBI	0.43	-0.33	-0.12	0.69		-0.01	-0.2	-0.13	0.3	TCBI
CNOBP	-0.45	0.84	-0.61	-0.37	-0.01		0.83	-0.44	0.63	CNOBP
OCFCP	-0.4	0.88	-0.32	-0.6	-0.2	0.83		-0.51	0.61	OCFCP
HBANM	0.2	-0.32	0.28	0.13	-0.13	-0.44	-0.51		-0.56	HBANM
FITBO	0.12	0.43	-0.06	-0.16	0.3	0.63	0.61	-0.56		FITBO
	WABC	WTFCP	FNWD	UMBF	TCBI	CNOBP	OCFCP	HBANM	FITBO

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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

OCFCP	+ 0.88	WTFCP
CNOBP	+ 0.84	WTFCP
OCFCP	+ 0.83	CNOBP
TCBI	+ 0.69	UMBF
FITBO	+ 0.63	CNOBP
FITBO	+ 0.61	OCFCP

High negative correlations

UMBF	- 0.63	WTFCP
CNOBP	- 0.61	FNWD
OCFCP	- 0.6	UMBF
WTFCP	- 0.6	WABC
FITBO	- 0.56	HBANM
HBANM	- 0.51	OCFCP

Risk-Adjusted Indicators

There is a big difference between Webster Stock performing well and Webster Financial 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 Webster Financial'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
WABC	1.15	(0.13)	0.00	2.46	0.00	0.00	2.31	(2.97)	6.49
WTFCP	0.09	0.02	0.83	(5.17)	0.00	(0.13)	0.20	(0.12)	0.80
FNWD	1.06	(0.08)	0.00	(0.45)	0.00	0.00	2.12	(1.97)	8.51
UMBF	1.31	(0.16)	0.00	(0.21)	0.00	0.00	2.51	(3.79)	7.88
TCBI	1.50	(0.09)	0.00	(0.14)	0.00	0.00	3.06	(4.33)	8.15
CNOBP	0.55	0.06	0.17	0.83	0.62	(0.65)	1.37	(1.31)	4.80
OCFCP	0.19	0.02	0.35	0.24	0.14	(0.22)	0.44	(0.40)	1.12
HBANM	0.74	0.06	0.11	0.30	0.93	(0.74)	1.50	(1.57)	9.66
FITBO	0.83	0.00	0.00	(0.08)	0.00	0.00	2.09	(1.81)	6.06

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