Finward Bancorp Correlations

FNWD Stock

USD 28.94 0.26 0.91%

The current 90-days correlation between Finward Bancorp and Mountain Commerce Bancorp is -0.15 (i.e., Good 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

Average diversification

The correlation between Finward Bancorp and DJI is 0.13 (i.e., Average 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.

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

0.64	VABK	Virginia National	Pair Corr
0.62	ECBK	ECB Bancorp	Pair Corr

Moving against Finward Stock

0.54	TFC-PR	Truist Financial	Pair Corr
0.52	TFC-PO	Truist Financial	Pair Corr
0.46	NU	Nu Holdings	Pair Corr
0.42	EBTC	Enterprise Bancorp	Pair Corr
0.38	PB	Prosperity Bancshares	Pair Corr
0.37	WF	Woori Financial Group	Pair Corr
0.34	TECTP	Tectonic Financial	Pair Corr
0.66	ESSA	ESSA Bancorp	Pair Corr
0.47	WSBCP	WesBanco	Pair Corr
0.45	BANC-PF	Banc of California	Pair Corr
0.44	CFG-PH	Citizens Financial Group,	Pair Corr
0.44	KEY-PI	KeyCorp	Pair Corr
0.41	EFSC	Enterprise Financial	Pair Corr

Related Correlations Analysis

	MCBI	ARBV	VBFC	PMHG	WMPN	PBHC	SMBC	IROQ
MCBI		-0.72	-0.1	-0.73	0.44	-0.45	0.12	0.23	MCBI
ARBV	-0.72		0.09	0.55	-0.44	0.32	-0.22	-0.21	ARBV
VBFC	-0.1	0.09		-0.12	-0.75	-0.36	-0.73	0.41	VBFC
PMHG	-0.73	0.55	-0.12		-0.17	0.52	0.14	-0.26	PMHG
WMPN	0.44	-0.44	-0.75	-0.17		0.27	0.88	-0.06	WMPN
PBHC	-0.45	0.32	-0.36	0.52	0.27		0.57	-0.03	PBHC
SMBC	0.12	-0.22	-0.73	0.14	0.88	0.57		-0.04	SMBC
IROQ	0.23	-0.21	0.41	-0.26	-0.06	-0.03	-0.04		IROQ
	MCBI	ARBV	VBFC	PMHG	WMPN	PBHC	SMBC	IROQ

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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

SMBC	+ 0.88	WMPN
SMBC	+ 0.57	PBHC
PMHG	+ 0.55	ARBV
PBHC	+ 0.52	PMHG
WMPN	+ 0.44	MCBI
IROQ	+ 0.41	VBFC

High negative correlations

WMPN	- 0.75	VBFC
SMBC	- 0.73	VBFC
PMHG	- 0.73	MCBI
ARBV	- 0.72	MCBI
PBHC	- 0.45	MCBI
WMPN	- 0.44	ARBV

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
MCBI	0.56	(0.03)	0.00	26.41	0.00	0.00	1.42	(1.49)	4.82
ARBV	0.27	(0.03)	0.00	0.28	0.00	0.00	0.57	(1.09)	4.11
VBFC	0.33	0.07	0.15	(8.24)	0.38	(0.47)	0.86	(0.51)	6.37
PMHG	1.15	0.01	0.04	(0.10)	1.43	(2.28)	3.54	(3.42)	9.95
WMPN	1.18	(0.21)	0.00	(0.32)	0.00	0.00	2.11	(3.26)	7.70
PBHC	1.13	(0.02)	0.00	(0.10)	0.00	0.00	2.75	(2.92)	8.31
SMBC	1.31	(0.19)	0.00	(0.23)	0.00	0.00	2.05	(3.82)	6.67
IROQ	1.31	0.03	0.05	0.07	1.77	(1.52)	2.87	(3.42)	10.54

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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