Bankwell Financial Correlations

BWFG Stock

USD 30.14 0.49 1.60%

The current 90-days correlation between Bankwell Financial and Franklin Financial Services is 0.4 (i.e., Very weak diversification). The correlation of Bankwell 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Bankwell Financial Correlation With Market

Poor diversification

The correlation between Bankwell Financial Group and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bankwell Financial Group 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 Bankwell Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Bankwell Stock

0.75	BY	Byline Bancorp	Pair Corr
0.67	VABK	Virginia National	Pair Corr
0.69	VBTX	Veritex Holdings	Pair Corr
0.81	EBTC	Enterprise Bancorp	Pair Corr
0.81	EFSC	Enterprise Financial	Pair Corr
0.63	WASH	Washington Trust Bancorp	Pair Corr
0.69	EQBK	Equity Bancshares,	Pair Corr
0.74	ESSA	ESSA Bancorp	Pair Corr
0.62	EVBN	Evans Bancorp	Pair Corr
0.63	WMPN	William Penn Bancorp	Pair Corr
0.8	WNEB	Western New England	Pair Corr

Moving against Bankwell Stock

0.49

VBFC

Village Bank

Pair Corr

Related Correlations Analysis

	OFED	CULL	FRAF	FBMS	HMNF	HFBL	HVBC	LSBK	NKSH	CIZN
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
FRAF	0.0	0.0		0.34	0.0	0.36	0.0	0.8	-0.18	0.0	FRAF
FBMS	0.0	0.0	0.34		0.0	0.21	0.0	0.2	0.59	0.0	FBMS
HMNF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HMNF
HFBL	0.0	0.0	0.36	0.21	0.0		0.0	0.56	0.02	0.0	HFBL
HVBC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HVBC
LSBK	0.0	0.0	0.8	0.2	0.0	0.56	0.0		-0.27	0.0	LSBK
NKSH	0.0	0.0	-0.18	0.59	0.0	0.02	0.0	-0.27		0.0	NKSH
CIZN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CIZN
	OFED	CULL	FRAF	FBMS	HMNF	HFBL	HVBC	LSBK	NKSH	CIZN

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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

LSBK	+ 0.8	FRAF
NKSH	+ 0.59	FBMS
LSBK	+ 0.56	HFBL
HFBL	+ 0.36	FRAF
FBMS	+ 0.34	FRAF
HFBL	+ 0.21	FBMS

High negative correlations

NKSH	- 0.27	LSBK
NKSH	- 0.18	FRAF
CIZN	- 0.0	NKSH
CIZN	- 0.0	LSBK
CIZN	- 0.0	HVBC
NKSH	- 0.0	HVBC

Risk-Adjusted Indicators

There is a big difference between Bankwell Stock performing well and Bankwell 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 Bankwell 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
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
FRAF	1.13	0.27	0.25	0.54	0.78	(1.41)	4.20	(1.64)	8.89
FBMS	1.29	0.03	0.02	0.03	1.54	(1.42)	2.88	(2.73)	8.28
HMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HFBL	1.62	0.12	0.04	0.38	2.08	(2.18)	5.67	(4.53)	13.32
HVBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LSBK	1.68	0.30	0.13	0.54	1.67	(2.28)	3.62	(3.16)	21.68
NKSH	1.36	(0.13)	0.00	(0.11)	0.00	0.00	2.79	(2.88)	10.80
CIZN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Bankwell Financial Corporate Management

Laura Waitz	Ex COO	Profile
Robert Palermo	VP Leader	Profile
Shawn Gelin	Senior Operations	Profile
Matthew McNeill	Executive Officer	Profile
Scott Messina	VP Officer	Profile
Robert Mallozzi	Senior Officer	Profile

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