Finward Bancorp Correlations

FNWD Stock

USD 30.19 0.04 0.13%

The current 90-days correlation between Finward Bancorp and Community West Bancshares is 0.3 (i.e., Weak diversification). The correlation of Finward Bancorp 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Finward Bancorp Correlation With Market

Good diversification

The correlation between Finward Bancorp and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Finward Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Finward Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finward Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For information on how to trade Finward Stock refer to our How to Trade Finward Stock guide.

Moving together with Finward Stock

0.75	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.74	VBFC	Village Bank Earnings Call Tomorrow	Pair Corr
0.72	TECTP	Tectonic Financial	Pair Corr
0.75	ECBK	ECB Bancorp	Pair Corr

Moving against Finward Stock

0.86	BY	Byline Bancorp Earnings Call Today	Pair Corr
0.86	PB	Prosperity Bancshares Earnings Call Today	Pair Corr
0.84	VBNK	VersaBank	Pair Corr
0.82	RF	Regions Financial	Pair Corr
0.81	EBTC	Enterprise Bancorp	Pair Corr
0.78	VBTX	Veritex Holdings	Pair Corr
0.77	AX	Axos Financial Earnings Call This Week	Pair Corr
0.75	TFC-PR	Truist Financial	Pair Corr
0.71	TFC-PI	Truist Financial	Pair Corr
0.69	TFC-PO	Truist Financial	Pair Corr
0.6	NU	Nu Holdings Aggressive Push	Pair Corr
0.58	CFG-PE	Citizens Financial	Pair Corr
0.51	KB	KB Financial Group Earnings Call Today	Pair Corr
0.9	WMPN	William Penn Bancorp	Pair Corr
0.87	ESSA	ESSA Bancorp	Pair Corr
0.85	TFINP	Triumph Financial	Pair Corr
0.85	EVBN	Evans Bancorp Earnings Call This Week	Pair Corr
0.84	EQBK	Equity Bancshares,	Pair Corr
0.83	EGBN	Eagle Bancorp Earnings Call Today	Pair Corr
0.77	EFSC	Enterprise Financial	Pair Corr
0.7	WASH	Washington Trust Bancorp	Pair Corr
0.67	WAFDP	Washington Federal	Pair Corr
0.65	WAFD	Washington Federal	Pair Corr
0.57	EFSI	Eagle Financial Services Earnings Call Tomorrow	Pair Corr
0.54	WNEB	Western New England	Pair Corr
0.51	KEY-PK	KeyCorp	Pair Corr
0.49	CFG-PH	Citizens Financial Group,	Pair Corr
0.48	WABC	Westamerica Bancorporation Normal Trading	Pair Corr
0.44	KEY-PJ	KeyCorp	Pair Corr
0.42	KEY-PL	KeyCorp	Pair Corr
0.31	BANC-PF	Banc of California	Pair Corr

Related Correlations Analysis

	CWBC	FFNW	OVLY	HMNF	HFBL	FNWB	FCAP	OFED	CULL	HTBI
CWBC		-0.5	0.68	0.0	-0.45	0.7	-0.73	0.0	0.0	-0.14	CWBC
FFNW	-0.5		-0.39	0.0	0.22	-0.43	0.49	0.0	0.0	0.47	FFNW
OVLY	0.68	-0.39		0.0	-0.27	0.79	-0.57	0.0	0.0	0.0	OVLY
HMNF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	-0.45	0.22	-0.27	0.0		-0.37	0.46	0.0	0.0	0.06	HFBL
FNWB	0.7	-0.43	0.79	0.0	-0.37		-0.66	0.0	0.0	0.03	FNWB
FCAP	-0.73	0.49	-0.57	0.0	0.46	-0.66		0.0	0.0	-0.25	FCAP
OFED	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OFED
CULL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CULL
HTBI	-0.14	0.47	0.0	0.0	0.06	0.03	-0.25	0.0	0.0		HTBI
	CWBC	FFNW	OVLY	HMNF	HFBL	FNWB	FCAP	OFED	CULL	HTBI

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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

FNWB	+ 0.79	OVLY
FNWB	+ 0.7	CWBC
OVLY	+ 0.68	CWBC
FCAP	+ 0.49	FFNW
HTBI	+ 0.47	FFNW
FCAP	+ 0.46	HFBL

High negative correlations

FCAP	- 0.73	CWBC
FCAP	- 0.66	FNWB
FCAP	- 0.57	OVLY
FFNW	- 0.5	CWBC
HFBL	- 0.45	CWBC
FNWB	- 0.43	FFNW

Risk-Adjusted Indicators

There is a big difference between Finward Stock performing well and Finward Bancorp 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 Finward Bancorp'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CWBC	1.06	(0.22)	0.00	(7.74)	0.00	0.00	2.28	(2.17)	11.21
FFNW	0.82	0.14	0.29	0.83	0.72	(1.05)	1.06	(1.56)	16.42
OVLY	1.72	0.08	0.00	(0.05)	0.00	0.00	4.01	(3.77)	14.49
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.41	0.07	0.08	(0.43)	1.98	(1.83)	3.78	(3.95)	13.32
FNWB	1.42	(0.21)	0.00	0.36	0.00	0.00	2.93	(3.24)	10.72
FCAP	1.01	0.51	0.38	1.36	0.87	(1.15)	3.26	(1.00)	9.70
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CULL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HTBI	1.24	(0.03)	0.00	0.95	0.00	0.00	2.33	(1.88)	7.22

Finward Bancorp Corporate Executives

Elected by the shareholders, the Finward Bancorp's board of directors comprises two types of representatives: Finward Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Finward. The board's role is to monitor Finward Bancorp's management team and ensure that shareholders' interests are well served. Finward Bancorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Finward Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Benjamin Schmitt	CFO VP	Profile
Robert CPA	Executive COO	Profile
Robert Lowry	Executive COO	Profile

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