WesBanco, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP) Correlation Distribution
Across 6,807 rolling correlation observations between WesBanco, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.29, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.1% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,807
- Mean correlation
- 0.29
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 26.1%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 87 | 1.3% | |
| -0.8 to -0.7 | 87 | 1.3% | |
| -0.7 to -0.6 | 221 | 3.2% | |
| -0.6 to -0.5 | 220 | 3.2% | |
| -0.5 to -0.4 | 302 | 4.4% | |
| -0.4 to -0.3 | 302 | 4.4% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 267 | 3.9% | |
| -0.1 to 0.0 | 242 | 3.6% | |
| 0.0 to 0.1 | 241 | 3.5% | |
| 0.1 to 0.2 | 289 | 4.2% | |
| 0.2 to 0.3 | 289 | 4.2% | |
| 0.3 to 0.4 | 364 | 5.3% | |
| 0.4 to 0.5 | 364 | 5.3% | |
| 0.5 to 0.6 | 741 | 10.9% | |
| 0.6 to 0.7 | 741 | 10.9% | |
| 0.7 to 0.8 | 868 | 12.8% | |
| 0.8 to 0.9 | 867 | 12.7% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of WSBCP?
WesBanco, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP) has an average correlation of about 0.29 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is WSBCP positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 26.1%.
What is the most common correlation range for WSBCP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.4% of all pairs.
Explore the full interactive correlation distribution for WSBCP.
Open interactive dashboard →