EBMT vs WTBA: Correlation
Measured on weekly returns over the past three years, Eagle Bancorp Montana, Inc. (EBMT) and West Bancorporation (WTBA) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBMT and WTBA?
Over the past 3 years, EBMT and WTBA moved with a correlation of 0.67, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 512.2 %².
Among the 12 assets we track against EBMT, WTBA ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WTBA outperformed by 15.7 percentage points (+32.2% for EBMT against +47.9% for WTBA).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EBMT vs WTBA: side by side
| EBMT (Eagle Bancorp Montana, Inc.) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | +32.2% | +47.9% |
| 5-year return | +21.5% | +16.8% |
| Volatility (ann.) | 25.2% | 30.5% |
| Beta vs S&P 500 | 0.51 | 0.75 |
| Max drawdown (3Y) | -22.2% | -26.9% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | 11.0 | 12.6 |
| Dividend yield | 2.56% | 3.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBMT | WTBA |
|---|---|---|
| 2022 | -27.8% | -14.4% |
| 2023 | +1.9% | -12.4% |
| 2024 | +1.1% | +7.7% |
| 2025 | +34.4% | +7.7% |
| 2026 | +14.8% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBMT and WTBA good diversifiers for each other?
Only partially. A correlation of 0.67 means EBMT and WTBA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EBMT and WTBA?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.66 over the last year and 0.52 over 5 years.
Is WTBA a good diversifier for EBMT?
Only partially. A correlation of 0.67 means EBMT and WTBA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: EBMT correlations · WTBA correlations
