WesBanco Correlations

WSBC Stock

USD 35.34 0.11 0.31%

The current 90-days correlation between WesBanco and Sandy Spring Bancorp is 0.87 (i.e., Very poor diversification). The correlation of WesBanco 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.

WesBanco Correlation With Market

Poor diversification

The correlation between WesBanco and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WesBanco 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 WesBanco. 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 information on how to trade WesBanco Stock refer to our How to Trade WesBanco Stock guide.

Moving together with WesBanco Stock

0.99	AX	Axos Financial	Pair Corr
0.98	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.97	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.92	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.61	VABK	Virginia National	Pair Corr
0.85	VBNK	VersaBank Normal Trading	Pair Corr
0.87	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.7	TECTP	Tectonic Financial	Pair Corr
0.66	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.91	EBTC	Enterprise Bancorp	Pair Corr
0.98	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.86	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.98	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.77	WAFD	Washington Federal	Pair Corr
0.91	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.73	BANC-PF	Banc of California	Pair Corr
0.61	WCFB	WCF Bancorp	Pair Corr
0.92	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.73	ESSA	ESSA Bancorp	Pair Corr
0.77	EVBN	Evans Bancorp	Pair Corr
0.62	WSBCP	WesBanco	Pair Corr

Moving against WesBanco Stock

0.73	CFG-PE	Citizens Financial	Pair Corr
0.64	TFC-PR	Truist Financial	Pair Corr
0.62	TFC-PO	Truist Financial	Pair Corr
0.36	WF	Woori Financial Group	Pair Corr
0.57	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	UNB	HBCP	TCBC	RBKB	LNKB	SASR	WABC	UMBF	CTBI	TRMK
UNB		0.92	-0.26	0.64	0.9	0.89	0.89	0.88	0.91	0.91	UNB
HBCP	0.92		-0.15	0.6	0.92	0.93	0.94	0.91	0.95	0.96	HBCP
TCBC	-0.26	-0.15		-0.29	-0.09	-0.18	-0.2	-0.22	-0.21	-0.24	TCBC
RBKB	0.64	0.6	-0.29		0.65	0.63	0.49	0.7	0.64	0.62	RBKB
LNKB	0.9	0.92	-0.09	0.65		0.95	0.91	0.95	0.94	0.93	LNKB
SASR	0.89	0.93	-0.18	0.63	0.95		0.96	0.98	0.98	0.97	SASR
WABC	0.89	0.94	-0.2	0.49	0.91	0.96		0.94	0.98	0.97	WABC
UMBF	0.88	0.91	-0.22	0.7	0.95	0.98	0.94		0.97	0.97	UMBF
CTBI	0.91	0.95	-0.21	0.64	0.94	0.98	0.98	0.97		0.99	CTBI
TRMK	0.91	0.96	-0.24	0.62	0.93	0.97	0.97	0.97	0.99		TRMK
	UNB	HBCP	TCBC	RBKB	LNKB	SASR	WABC	UMBF	CTBI	TRMK

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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

TRMK	+ 0.99	CTBI
UMBF	+ 0.98	SASR
CTBI	+ 0.98	SASR
CTBI	+ 0.98	WABC
TRMK	+ 0.97	SASR
TRMK	+ 0.97	WABC

High negative correlations

RBKB	- 0.29	TCBC
TCBC	- 0.26	UNB
TRMK	- 0.24	TCBC
UMBF	- 0.22	TCBC
CTBI	- 0.21	TCBC
WABC	- 0.2	TCBC

Risk-Adjusted Indicators

There is a big difference between WesBanco Stock performing well and WesBanco 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 WesBanco'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
UNB	1.61	0.35	0.16	0.80	1.33	(1.95)	4.07	(2.78)	11.91
HBCP	1.59	0.00	0.05	0.13	1.74	(1.87)	3.67	(3.12)	10.19
TCBC	0.86	0.00	(0.11)	0.14	1.02	(1.14)	2.10	(1.99)	5.24
RBKB	1.24	0.30	0.15	1.08	1.05	(1.61)	4.15	(2.65)	9.98
LNKB	1.64	0.12	0.10	0.22	1.30	(2.22)	3.72	(2.38)	10.82
SASR	1.57	0.04	0.13	0.15	1.33	(1.89)	2.83	(2.54)	18.48
WABC	1.31	(0.07)	0.04	0.09	1.27	(1.50)	2.80	(1.99)	16.18
UMBF	1.40	0.06	0.13	0.16	1.16	(1.58)	3.28	(2.08)	16.37
CTBI	1.54	(0.02)	0.08	0.12	1.55	(1.89)	3.17	(2.42)	21.98
TRMK	1.43	0.02	0.12	0.14	1.14	(1.80)	2.86	(2.50)	16.25

WesBanco Corporate Management

Anthony Pietranton	Executive VP of HR Management	Profile
Michael CPA	Chief EVP	Profile
Robert Friend	Executive Officer	Profile
LaReta Lowther	Senior Compliance	Profile
Scott CIMA	Executive Management	Profile

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