WSFS Financial Correlations

WSFS Stock

USD 52.69 0.62 1.19%

The current 90-days correlation between WSFS Financial and First Commonwealth Financial is -0.01 (i.e., Good diversification). The correlation of WSFS 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.

WSFS Financial Correlation With Market

Good diversification

The correlation between WSFS Financial and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WSFS 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 WSFS 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 census.

For more information on how to buy WSFS Stock please use our How to Invest in WSFS Financial guide.

Moving together with WSFS Stock

0.67	AX	Axos Financial	Pair Corr
0.86	BY	Byline Bancorp	Pair Corr
0.66	NU	Nu Holdings Aggressive Push	Pair Corr
0.75	PB	Prosperity Bancshares	Pair Corr
0.69	RF	Regions Financial	Pair Corr
0.65	VBNK	VersaBank	Pair Corr
0.7	VBTX	Veritex Holdings	Pair Corr
0.79	EBTC	Enterprise Bancorp	Pair Corr
0.9	EFSC	Enterprise Financial	Pair Corr
0.69	EGBN	Eagle Bancorp	Pair Corr
0.8	WASH	Washington Trust Bancorp	Pair Corr
0.85	EQBK	Equity Bancshares,	Pair Corr
0.7	ESSA	ESSA Bancorp	Pair Corr
0.71	TFINP	Triumph Financial	Pair Corr
0.74	EVBN	Evans Bancorp	Pair Corr
0.81	WMPN	William Penn Bancorp	Pair Corr
0.69	WNEB	Western New England	Pair Corr

Moving against WSFS Stock

0.56	VBFC	Village Bank	Pair Corr
0.33	DB	Deutsche Bank AG	Pair Corr

Related Correlations Analysis

	WNEB	GSBC	THFF	HFWA	NFBK	BSRR	BSBK	FNLC	LNKB	ORRF
WNEB		0.5	0.69	0.65	0.73	0.75	0.01	0.42	0.59	-0.32	WNEB
GSBC	0.5		0.08	0.66	0.86	0.53	-0.23	0.86	0.71	0.09	GSBC
THFF	0.69	0.08		0.41	0.45	0.7	0.37	-0.2	0.1	-0.46	THFF
HFWA	0.65	0.66	0.41		0.76	0.8	0.09	0.51	0.45	0.12	HFWA
NFBK	0.73	0.86	0.45	0.76		0.71	-0.09	0.69	0.67	-0.15	NFBK
BSRR	0.75	0.53	0.7	0.8	0.71		0.28	0.33	0.49	0.07	BSRR
BSBK	0.01	-0.23	0.37	0.09	-0.09	0.28		-0.32	-0.11	-0.01	BSBK
FNLC	0.42	0.86	-0.2	0.51	0.69	0.33	-0.32		0.84	0.27	FNLC
LNKB	0.59	0.71	0.1	0.45	0.67	0.49	-0.11	0.84		0.22	LNKB
ORRF	-0.32	0.09	-0.46	0.12	-0.15	0.07	-0.01	0.27	0.22		ORRF
	WNEB	GSBC	THFF	HFWA	NFBK	BSRR	BSBK	FNLC	LNKB	ORRF

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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

NFBK	+ 0.86	GSBC
FNLC	+ 0.86	GSBC
LNKB	+ 0.84	FNLC
BSRR	+ 0.8	HFWA
NFBK	+ 0.76	HFWA
BSRR	+ 0.75	WNEB

High negative correlations

ORRF	- 0.46	THFF
FNLC	- 0.32	BSBK
ORRF	- 0.32	WNEB
BSBK	- 0.23	GSBC
FNLC	- 0.2	THFF
ORRF	- 0.15	NFBK

Risk-Adjusted Indicators

There is a big difference between WSFS Stock performing well and WSFS 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 WSFS 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
WNEB	1.03	(0.08)	0.00	(0.20)	0.00	0.00	2.44	(2.86)	8.20
GSBC	1.24	(0.14)	0.00	(0.24)	0.00	0.00	2.27	(3.02)	7.73
THFF	1.18	0.13	0.14	1.51	1.30	(1.30)	2.84	(2.80)	7.70
HFWA	1.19	(0.07)	0.00	(0.16)	0.00	0.00	2.33	(3.27)	8.15
NFBK	1.43	(0.09)	0.00	(0.16)	0.00	0.00	2.58	(3.33)	9.15
BSRR	1.44	0.01	0.00	(0.06)	0.00	0.00	2.49	(3.08)	11.56
BSBK	1.21	(0.06)	0.00	0.80	0.00	0.00	2.61	(2.37)	6.29
FNLC	1.22	(0.12)	0.00	(0.26)	0.00	0.00	2.33	(2.63)	7.41
LNKB	1.44	(0.10)	0.00	(0.18)	0.00	0.00	3.17	(2.96)	8.31
ORRF	0.94	(0.27)	0.00	(1.92)	0.00	0.00	1.60	(2.34)	7.64

WSFS Financial Corporate Management

CFA CFA	Ex CFO	Profile
John Clatworthy	Senior Connect	Profile
Patrick Ward	FSB Society	Profile
Patrick Healy	Debt Bankruptcy	Profile

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