Waterstone Financial Correlations

WSBF Stock

USD 15.09 0.03 0.20%

The current 90-days correlation between Waterstone Financial and JPMorgan Chase Co is 0.66 (i.e., Poor diversification). The correlation of Waterstone 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.

Waterstone Financial Correlation With Market

Very weak diversification

The correlation between Waterstone Financial and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Waterstone 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 Waterstone 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 detail on how to invest in Waterstone Stock please use our How to Invest in Waterstone Financial guide.

Moving together with Waterstone Stock

0.65	V	Visa Class A	Pair Corr
0.65	DHIL	Diamond Hill Investment	Pair Corr
0.67	DX	Dynex Capital	Pair Corr
0.69	MC	Moelis	Pair Corr

Moving against Waterstone Stock

0.57	LU	Lufax Holding	Pair Corr
0.54	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.47	WU	Western Union Sell-off Trend	Pair Corr
0.43	LGHLW	Lion Financial Group	Pair Corr
0.38	VMCA	Valuence Merger Corp	Pair Corr
0.32	PWUPW	PowerUp Acquisition Corp	Pair Corr

Related Correlations Analysis

	JPM	C	WFC	TD	BAC	RY	HSBC	UBS	BCS
JPM		0.93	0.98	-0.78	0.98	0.47	0.68	0.62	0.9	JPM
C	0.93		0.94	-0.63	0.95	0.47	0.78	0.7	0.9	C
WFC	0.98	0.94		-0.8	0.99	0.55	0.73	0.68	0.93	WFC
TD	-0.78	-0.63	-0.8		-0.74	-0.41	-0.47	-0.61	-0.72	TD
BAC	0.98	0.95	0.99	-0.74		0.56	0.71	0.64	0.92	BAC
RY	0.47	0.47	0.55	-0.41	0.56		0.43	0.55	0.61	RY
HSBC	0.68	0.78	0.73	-0.47	0.71	0.43		0.57	0.76	HSBC
UBS	0.62	0.7	0.68	-0.61	0.64	0.55	0.57		0.79	UBS
BCS	0.9	0.9	0.93	-0.72	0.92	0.61	0.76	0.79		BCS
	JPM	C	WFC	TD	BAC	RY	HSBC	UBS	BCS

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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

BAC	+ 0.99	WFC
WFC	+ 0.98	JPM
BAC	+ 0.98	JPM
BAC	+ 0.95	C
WFC	+ 0.94	C
C	+ 0.93	JPM

High negative correlations

TD	- 0.8	WFC
TD	- 0.78	JPM
BAC	- 0.74	TD
BCS	- 0.72	TD
TD	- 0.63	C
UBS	- 0.61	TD

Risk-Adjusted Indicators

There is a big difference between Waterstone Stock performing well and Waterstone 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 Waterstone 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
JPM	1.12	(0.04)	0.05	0.11	1.38	(1.23)	2.05	(2.00)	15.87
C	1.42	(0.01)	0.07	0.12	1.47	(1.62)	3.56	(1.97)	10.33
WFC	1.52	0.20	0.19	0.22	1.33	(1.77)	3.60	(2.18)	16.76
TD	0.75	(0.12)	0.00	(0.13)	0.00	0.00	1.54	(1.40)	8.21
BAC	1.07	0.08	0.16	0.18	0.65	(1.34)	2.19	(1.41)	9.84
RY	0.65	0.04	(0.05)	0.22	0.56	(0.75)	1.49	(0.90)	4.09
HSBC	0.96	0.06	(0.01)	0.25	1.38	(0.93)	2.03	(2.34)	6.87
UBS	1.17	(0.10)	(0.04)	0.05	1.59	(1.17)	2.32	(2.65)	7.85
BCS	1.62	0.01	0.04	0.13	1.94	(1.65)	3.35	(3.13)	10.17

Waterstone Financial Corporate Executives

Elected by the shareholders, the Waterstone Financial's board of directors comprises two types of representatives: Waterstone Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Waterstone. The board's role is to monitor Waterstone Financial's management team and ensure that shareholders' interests are well served. Waterstone Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Waterstone Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Mark CPA	CFO VP	Profile
	William Bruss	COO, Executive VP, General Counsel, Secretary, Executive VP of Waterstone Bank, General Counsel of Waterstone Bank and Secretary of Waterstone Bank	Profile

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