WSFS Financial Correlations

WSFS Stock  USD 44.97  1.89  4.39%   
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WSFS Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WSFS Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Good diversification

The correlation between WSFS Financial and NYA is -0.04 (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 NYA 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 tightly coupled 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.
  
The ability to find closely correlated positions to WSFS Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WSFS Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WSFS Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WSFS Financial to buy it.

Moving together with WSFS Stock

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  0.82MCBC Macatawa Bank Fiscal Quarter End 31st of March 2024 PairCorr
  0.76AX Axos Financial Financial Report 25th of April 2024 PairCorr
  0.81BY Byline Bancorp Normal TradingPairCorr
  0.9PB Prosperity Bancshares Normal TradingPairCorr
  0.83VABK Virginia National Fiscal Quarter End 31st of March 2024 PairCorr

Moving against WSFS Stock

  0.62KB KB Financial Group Financial Report 20th of May 2024 PairCorr
  0.62NU Nu Holdings Financial Report 20th of May 2024 PairCorr
  0.62VBFC Village Bank AndPairCorr
  0.59WF Woori Financial Group Financial Report 21st of May 2024 PairCorr
  0.54TECTP Tectonic FinancialPairCorr
  0.5RF-PB Regions FinancialPairCorr
  0.5MFBP MF BancorpPairCorr
  0.46RF-PC Regions FinancialPairCorr

Related Correlations Analysis

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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   
BYMBCN
BYMCBC
MCBCMBCN
RF-PBRF-PC
MCBCMBWM
RF-PBRF-PE
  
High negative correlations   
RF-PBMBCN
RF-PCMBCN
RF-PBMCBC
RF-PBBY
RF-PCBY
RF-PCMCBC

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in WSFS Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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WSFS Financial Corporate Directors

WSFS Financial corporate directors refer to members of a WSFS Financial board of directors. The board of directors generally takes responsibility for the WSFS Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of WSFS Financial's board members must vote for the resolution. The WSFS Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michael DonahueDirectorProfile
Donald DelsonIndependent DirectorProfile
Eleuthere PontDirectorProfile
Jennifer DavisIndependent DirectorProfile

Already Invested in WSFS Financial?

The danger of trading WSFS Financial is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of WSFS Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than WSFS Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile WSFS Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether WSFS Financial is a strong investment it is important to analyze WSFS Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WSFS Financial's future performance. For an informed investment choice regarding WSFS Stock, refer to the following important reports:
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 tightly coupled 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.
Note that the WSFS Financial information on this page should be used as a complementary analysis to other WSFS Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running WSFS Financial's price analysis, check to measure WSFS Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WSFS Financial is operating at the current time. Most of WSFS Financial's value examination focuses on studying past and present price action to predict the probability of WSFS Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WSFS Financial's price. Additionally, you may evaluate how the addition of WSFS Financial to your portfolios can decrease your overall portfolio volatility.
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Is WSFS Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of WSFS Financial. If investors know WSFS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about WSFS Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.23)
Dividend Share
0.6
Earnings Share
4.4
Revenue Per Share
15.168
Quarterly Revenue Growth
(0.02)
The market value of WSFS Financial is measured differently than its book value, which is the value of WSFS that is recorded on the company's balance sheet. Investors also form their own opinion of WSFS Financial's value that differs from its market value or its book value, called intrinsic value, which is WSFS Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WSFS Financial's market value can be influenced by many factors that don't directly affect WSFS Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WSFS Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if WSFS Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WSFS Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.