Arrow Financial Correlations

AROW Stock

USD 27.64 0.25 0.91%

The current 90-days correlation between Arrow Financial and Heritage Commerce Corp is -0.01 (i.e., Good diversification). The correlation of Arrow 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Arrow Financial Correlation With Market

Poor diversification

The correlation between Arrow Financial and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Financial 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 Arrow Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Arrow Stock please use our How to Invest in Arrow Financial guide.

Moving together with Arrow Stock

0.79	AX	Axos Financial Earnings Call This Week	Pair Corr
0.73	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.73	PB	Prosperity Bancshares Earnings Call Today	Pair Corr
0.79	RF	Regions Financial	Pair Corr
0.79	VABK	Virginia National Earnings Call This Week	Pair Corr
0.82	VBNK	VersaBank	Pair Corr
0.81	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.61	TFC-PI	Truist Financial	Pair Corr
0.73	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.62	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.81	EGBN	Eagle Bancorp Earnings Call Today	Pair Corr
0.68	KEY-PJ	KeyCorp	Pair Corr
0.7	KEY-PK	KeyCorp	Pair Corr
0.83	WABC	Westamerica Bancorporation	Pair Corr
0.75	WAFD	Washington Federal	Pair Corr
0.87	WASH	Washington Trust Bancorp Earnings Call Today	Pair Corr
0.83	EQBK	Equity Bancshares, Earnings Call Today	Pair Corr
0.87	WMPN	William Penn Bancorp	Pair Corr

Moving against Arrow Stock

0.45	DB	Deutsche Bank AG Normal Trading	Pair Corr
0.33	FRCCL	First Republic Bank	Pair Corr
0.33	FRCHL	First Republic Bank	Pair Corr
0.33	FRCIL	First Republic Bank	Pair Corr
0.33	FRCKL	First Republic Bank	Pair Corr
0.32	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HTBK	WABC	HFWA	CATC	CVCY	NKSH	BAFN	AMNB	AFBI	COFS
HTBK		0.93	0.77	0.0	-0.24	0.89	0.06	0.0	0.62	0.59	HTBK
WABC	0.93		0.92	0.0	-0.13	0.85	0.13	0.0	0.43	0.8	WABC
HFWA	0.77	0.92		0.0	0.06	0.73	0.22	0.0	0.2	0.9	HFWA
CATC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CATC
CVCY	-0.24	-0.13	0.06	0.0		-0.03	-0.1	0.0	-0.38	0.17	CVCY
NKSH	0.89	0.85	0.73	0.0	-0.03		0.06	0.0	0.6	0.61	NKSH
BAFN	0.06	0.13	0.22	0.0	-0.1	0.06		0.0	0.0	0.08	BAFN
AMNB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AMNB
AFBI	0.62	0.43	0.2	0.0	-0.38	0.6	0.0	0.0		0.17	AFBI
COFS	0.59	0.8	0.9	0.0	0.17	0.61	0.08	0.0	0.17		COFS
	HTBK	WABC	HFWA	CATC	CVCY	NKSH	BAFN	AMNB	AFBI	COFS

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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

WABC	+ 0.93	HTBK
HFWA	+ 0.92	WABC
COFS	+ 0.9	HFWA
NKSH	+ 0.89	HTBK
NKSH	+ 0.85	WABC
COFS	+ 0.8	WABC

High negative correlations

AFBI	- 0.38	CVCY
CVCY	- 0.24	HTBK
CVCY	- 0.13	WABC
BAFN	- 0.1	CVCY
NKSH	- 0.03	CVCY
COFS	- 0.0	AMNB

Risk-Adjusted Indicators

There is a big difference between Arrow Stock performing well and Arrow 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 Arrow 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
HTBK	1.30	(0.05)	0.00	(0.39)	0.00	0.00	2.85	(2.89)	17.80
WABC	1.37	0.11	0.05	15.68	1.55	(1.57)	2.80	(2.25)	17.92
HFWA	1.51	0.21	0.08	0.98	1.81	(1.53)	2.80	(3.06)	21.63
CATC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVCY	2.70	(0.06)	0.00	(0.07)	0.00	0.00	6.10	(6.70)	18.72
NKSH	1.95	0.03	0.00	0.26	2.51	(2.06)	4.30	(4.42)	12.11
BAFN	1.51	0.14	0.07	1.99	1.54	(1.93)	3.41	(2.80)	11.45
AMNB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFBI	0.91	(0.21)	0.00	(0.84)	0.00	0.00	2.48	(1.19)	22.47
COFS	1.33	0.21	0.12	0.94	1.40	(1.51)	2.91	(2.81)	13.55

Arrow Financial Corporate Management

Thomas CPA	CEO and President	Profile
Marc Yrsha	Senior Officer	Profile
Michael Jacobs	Executive Officer	Profile
Brooke Pancoe	Senior Officer	Profile
Annette Reitano	Senior Falls	Profile

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