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Benchmark SP 500  1,650   0.91  Index Moved Down -0.06% ...


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Asset Comparison and Correlation

    
Investment horizon: 
  30 Days    Login   to change
 
 East West Bancorp Inc.  vs   Western Alliance Bancorp.
 Compare Fundamentals  
Daily Returns (%)
EWBC   WAL   
 
Given investment horizon of 30 days, East West Bancorp Inc is expected to generate 0.47 times more return on investment than Western. However, East West Bancorp Inc is 2.11 times less risky than Western. It trades about 0.56 of its potential returns per unit of risk. Western Alliance Bancorporation is currently generating about -0.04 per unit of risk. If you would invest  2,411  in East West Bancorp Inc on April 26, 2013 and sell it today you would earn a total of  193.00  from holding East West Bancorp Inc or generate 8.0% return on investment over 30 days.

Diversification

Very weak diversification
Overlapping area represents amount of risk that can be diversified away by holding East West Bancorp Inc. and Western Alliance Bancorp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

0.56
Parameters
Time Period1 Month [change]
DirectionPositive WAL Moved Up vs EWBC
StrengthWeak
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
Returns   
EWBC   WAL   

East West Bancorp Inc

 
    
East
Performance
30
Out Of
100
Over 30
Days
70% of all equities and portfolios perform better than East West Bancorp Inc. Compared with the overall equity markets, risk-adjusted returns on investments in East West Bancorp Inc are ranked lower than 30 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for East

Zions Bancorp vs. East West Bancorp Inc
SVB Financial Group vs. East West Bancorp Inc
City National Corp vs. East West Bancorp Inc
Bank of Hawaii Corporation vs. East West Bancorp Inc
Cathay General Bancorp vs. East West Bancorp Inc
Umpqua Holdings Corporation vs. East West Bancorp Inc
Glacier Bancorp Inc vs. East West Bancorp Inc
Western Alliance Bancorporation vs. East West Bancorp Inc
Westamerica Bancorp vs. East West Bancorp Inc
  

Western Alliance Bancorporation

 
    
Western
Performance
0
Out Of
100
Over 30
Days
Over the last 30 days Western Alliance Bancorporation has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Western

Zions Bancorp vs. Western Alliance Bancorporation
East West Bancorp Inc vs. Western Alliance Bancorporation
SVB Financial Group vs. Western Alliance Bancorporation
City National Corp vs. Western Alliance Bancorporation
Bank of Hawaii Corporation vs. Western Alliance Bancorporation
Cathay General Bancorp vs. Western Alliance Bancorporation
Umpqua Holdings Corporation vs. Western Alliance Bancorporation
Glacier Bancorp Inc vs. Western Alliance Bancorporation
Westamerica Bancorp vs. Western Alliance Bancorporation


 
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