Which stocks are most correlated with WNEB?

Based on one year of daily returns, the stocks most correlated with Western New England Bancorp, Inc. (WNEB) are BANC (0.69), QABA (0.69) and UVSP (0.68). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with WNEB?

Over the past year, the stocks most inversely correlated with Western New England Bancorp, Inc. (WNEB) are SKRE (-0.67), FAZ (-0.47) and SDD (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.

Western New England Bancorp, Inc. (WNEB) — Stock Correlations & Overview

Over the past year, WNEB has moved most closely with BANC, QABA, UVSP. Explore the stocks most correlated and inversely correlated with WNEB below, along with its price, financials, and company profile.

Stocks correlated with WNEB

Correlation of daily returns. Higher positive values move with WNEB; negative values move opposite it. Informational only, not investment advice.

Most correlated with WNEB

Symbol	Company	Correlation
BANC	Banc of California, Inc.NATIONAL COMMERCIAL BANKS	0.69
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.69
UVSP	Univest Financial Corporation Common StockSTATE COMMERCIAL BANKS	0.68
FBIZ	First Business Financial Services, Inc.STATE COMMERCIAL BANKS	0.68
PFIS	Peoples Financial Services Corp.NATIONAL COMMERCIAL BANKS	0.67

Most inversely correlated with WNEB

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.67
FAZ	Direxion Daily Financial Bear 3x ETF	-0.47
SDD	ProShares UltraShort SmallCap600	-0.46
SKF	ProShares UltraShort Financials	-0.46
SEF	ProShares Short Financials	-0.46

Frequently asked questions about WNEB correlations

Which stocks are most correlated with WNEB?: Based on one year of daily returns, the stocks most correlated with Western New England Bancorp, Inc. (WNEB) are BANC (0.69), QABA (0.69) and UVSP (0.68). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with WNEB?: Over the past year, the stocks most inversely correlated with Western New England Bancorp, Inc. (WNEB) are SKRE (-0.67), FAZ (-0.47) and SDD (-0.46). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these WNEB correlations calculated?: We compute the correlation of daily returns between WNEB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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