Bridgewater Bancshares Correlations

BWB Stock

USD 13.49 0.26 1.89%

The current 90-days correlation between Bridgewater Bancshares and First Financial Northwest is 0.62 (i.e., Poor diversification). The correlation of Bridgewater Bancshares 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.

Bridgewater Bancshares Correlation With Market

Significant diversification

The correlation between Bridgewater Bancshares and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridgewater Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridgewater Bancshares. 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 Bridgewater Stock refer to our How to Trade Bridgewater Stock guide.

Moving together with Bridgewater Stock

0.61	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.69	VBNK	VersaBank	Pair Corr
0.64	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.62	TFC-PI	Truist Financial	Pair Corr
0.84	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.69	KEY-PL	KeyCorp	Pair Corr
0.61	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.79	WAFD	Washington Federal	Pair Corr
0.74	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.71	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.66	ESSA	ESSA Bancorp	Pair Corr
0.63	WMPN	William Penn Bancorp	Pair Corr

Moving against Bridgewater Stock

0.55	FRCHL	First Republic Bank	Pair Corr
0.54	FRCCL	First Republic Bank	Pair Corr
0.54	FRCKL	First Republic Bank	Pair Corr
0.54	FRCML	First Republic Bank	Pair Corr
0.53	FRCIL	First Republic Bank	Pair Corr
0.46	FRCLL	First Republic Bank	Pair Corr
0.36	SBNYL	Signature Bank	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	FCCO
HMNF		0.01	-0.58	-0.09	-0.47	0.23	-0.34	-0.5	0.25	0.34	HMNF
HFBL	0.01		-0.35	-0.03	-0.11	-0.01	-0.05	0.0	-0.07	-0.02	HFBL
FFNW	-0.58	-0.35		0.31	0.52	-0.16	0.48	0.45	-0.04	-0.29	FFNW
FNWB	-0.09	-0.03	0.31		-0.36	0.66	-0.36	0.03	0.61	0.4	FNWB
FCAP	-0.47	-0.11	0.52	-0.36		-0.75	0.78	0.24	-0.57	-0.75	FCAP
CWBC	0.23	-0.01	-0.16	0.66	-0.75		-0.86	-0.11	0.91	0.89	CWBC
OFED	-0.34	-0.05	0.48	-0.36	0.78	-0.86		0.36	-0.72	-0.92	OFED
CULL	-0.5	0.0	0.45	0.03	0.24	-0.11	0.36		-0.06	-0.27	CULL
HTBI	0.25	-0.07	-0.04	0.61	-0.57	0.91	-0.72	-0.06		0.8	HTBI
FCCO	0.34	-0.02	-0.29	0.4	-0.75	0.89	-0.92	-0.27	0.8		FCCO
	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	FCCO

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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

HTBI	+ 0.91	CWBC
FCCO	+ 0.89	CWBC
FCCO	+ 0.8	HTBI
OFED	+ 0.78	FCAP
CWBC	+ 0.66	FNWB
HTBI	+ 0.61	FNWB

High negative correlations

FCCO	- 0.92	OFED
OFED	- 0.86	CWBC
FCCO	- 0.75	FCAP
CWBC	- 0.75	FCAP
HTBI	- 0.72	OFED
FFNW	- 0.58	HMNF

Risk-Adjusted Indicators

There is a big difference between Bridgewater Stock performing well and Bridgewater Bancshares 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 Bridgewater Bancshares' 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
HMNF	1.88	0.39	0.16	(20.38)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.65	0.04	0.01	0.41	2.47	(2.52)	4.70	(4.49)	17.43
FFNW	0.71	(0.07)	0.00	(0.43)	0.00	0.00	1.68	(1.66)	4.32
FNWB	1.52	(0.03)	0.00	(0.05)	0.00	0.00	3.17	(2.82)	14.21
FCAP	1.47	(0.09)	0.00	0.25	0.00	0.00	2.94	(3.38)	10.68
CWBC	1.01	0.02	0.00	0.08	1.28	(1.11)	2.53	(2.16)	11.26
OFED	2.13	(0.25)	0.00	(0.84)	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	(1.52)	0.00	0.00	1.18	(1.64)	4.73
HTBI	1.39	(0.01)	(0.01)	(0.01)	1.87	(1.49)	2.80	(3.47)	18.89
FCCO	1.12	0.17	0.09	0.71	1.35	(1.20)	2.69	(2.18)	14.28

Bridgewater Bancshares Corporate Management

Daniel Poppe	Senior Officer	Profile
Tony Ferraro	Managing Lending	Profile
Mark Hokanson	Chief Officer	Profile
Ben JD	General Counsel	Profile

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