William Penn Correlations

WMPN Stock

USD 10.62 0.20 1.85%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as William Penn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if William Penn Bancorp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

William Penn Correlation With Market

Very weak diversification

The correlation between William Penn Bancorp and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Penn 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 William Penn 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 american community survey.

Moving together with William Stock

0.81	AX	Axos Financial	Pair Corr
0.93	BY	Byline Bancorp	Pair Corr
0.61	KB	KB Financial Group	Pair Corr
0.93	PB	Prosperity Bancshares	Pair Corr
0.93	RF	Regions Financial	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.82	VBTX	Veritex Holdings	Pair Corr
0.76	EBTC	Enterprise Bancorp	Pair Corr
0.73	EFSC	Enterprise Financial	Pair Corr
0.83	EGBN	Eagle Bancorp	Pair Corr
0.75	WASH	Washington Trust Bancorp	Pair Corr
0.95	EQBK	Equity Bancshares,	Pair Corr
0.7	ESSA	ESSA Bancorp	Pair Corr
0.77	TFINP	Triumph Financial	Pair Corr
0.91	EVBN	Evans Bancorp	Pair Corr

Moving against William Stock

0.75	VBFC	Village Bank	Pair Corr
0.57	DB	Deutsche Bank AG	Pair Corr
0.4	ECBK	ECB Bancorp	Pair Corr
0.39	TECTP	Tectonic Financial	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	FNWD	OVLY
HMNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0		-0.24	0.31	0.44	-0.25	0.0	0.0	-0.56	-0.29	HFBL
FFNW	0.0	-0.24		0.04	-0.01	0.22	0.0	0.0	0.34	0.08	FFNW
FNWB	0.0	0.31	0.04		0.04	0.21	0.0	0.0	-0.59	0.1	FNWB
FCAP	0.0	0.44	-0.01	0.04		-0.59	0.0	0.0	-0.13	-0.55	FCAP
CWBC	0.0	-0.25	0.22	0.21	-0.59		0.0	0.0	0.25	0.69	CWBC
OFED	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OFED
CULL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CULL
FNWD	0.0	-0.56	0.34	-0.59	-0.13	0.25	0.0	0.0		0.16	FNWD
OVLY	0.0	-0.29	0.08	0.1	-0.55	0.69	0.0	0.0	0.16		OVLY
	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	FNWD	OVLY

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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

OVLY	+ 0.69	CWBC
FCAP	+ 0.44	HFBL
FNWD	+ 0.34	FFNW
FNWB	+ 0.31	HFBL
FNWD	+ 0.25	CWBC
CWBC	+ 0.22	FFNW

High negative correlations

CWBC	- 0.59	FCAP
FNWD	- 0.59	FNWB
FNWD	- 0.56	HFBL
OVLY	- 0.55	FCAP
OVLY	- 0.29	HFBL
CWBC	- 0.25	HFBL

Risk-Adjusted Indicators

There is a big difference between William Stock performing well and William Penn 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 William Penn'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
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.61	0.16	0.07	0.48	2.06	(2.10)	5.67	(4.53)	13.32
FFNW	0.98	0.05	0.10	(4.29)	1.01	(1.14)	1.17	(1.77)	16.29
FNWB	1.20	0.00	0.00	(0.07)	0.00	0.00	2.68	(2.76)	9.99
FCAP	1.23	0.45	0.26	0.88	1.22	(1.40)	3.26	(2.28)	10.37
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNWD	1.05	(0.09)	0.00	(0.46)	0.00	0.00	2.12	(1.97)	8.51
OVLY	1.48	(0.26)	0.00	(0.46)	0.00	0.00	2.38	(3.77)	11.49

William Penn Corporate Management

Alan Turner	EVP Officer	Profile
Jonathan Logan	CFO VP	Profile
Amy Hannigan	Ex COO	Profile
Jeannine Cimino	Executive Officer	Profile
Nicole Nielsen	SVP Officer	Profile

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