Arrow Financial Correlations

AROW Stock

USD 33.13 0.70 2.16%

The current 90-days correlation between Arrow Financial and Bar Harbor Bankshares is 0.68 (i.e., Poor 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 0.67 (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.

Build AI portfolio with Arrow Stock

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 employment.

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

Moving together with Arrow Stock

0.86	BY	Byline Bancorp	Pair Corr
0.91	PB	Prosperity Bancshares	Pair Corr
0.72	SANB	SANTANDER UK 8	Pair Corr
0.81	WAFD	Washington Federal	Pair Corr
0.77	CFR	CullenFrost Bankers Earnings Call Today	Pair Corr
0.86	HTH	Hilltop Holdings	Pair Corr
0.8	VLY	Valley National Bancorp	Pair Corr
0.79	HOPE	Hope Bancorp	Pair Corr
0.72	RBCAA	Republic Bancorp Earnings Call Tomorrow	Pair Corr
0.74	MCBS	MetroCity Bankshares Earnings Call This Week	Pair Corr
0.84	NBHC	National Bank Holdings	Pair Corr
0.82	PNFP	Pinnacle Financial	Pair Corr
0.87	QCRH	QCR Holdings	Pair Corr
0.82	AMAL	Amalgamated Bank	Pair Corr
0.9	SBSI	Southside Bancshares	Pair Corr
0.89	STBA	ST Bancorp	Pair Corr
0.84	BOKF	BOK Financial	Pair Corr
0.88	TCBK	TriCo Bancshares	Pair Corr
0.81	BPOP	Popular	Pair Corr
0.82	BUSE	First Busey Corp	Pair Corr
0.82	BVFL	BV Financial Common	Pair Corr
0.85	CADE	Cadence Bancorp	Pair Corr
0.85	CBSH	Commerce Bancshares	Pair Corr
0.84	CNOB	ConnectOne Bancorp Earnings Call Today	Pair Corr
0.77	CUBI	Customers Bancorp	Pair Corr
0.8	DCOM	Dime Community Bancshares	Pair Corr
0.82	UVSP	Univest Pennsylvania	Pair Corr
0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.72	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.66	TLKMF	Telkom Indonesia Tbk	Pair Corr

Moving against Arrow Stock

0.66	PBHC	Pathfinder Bancorp Earnings Call Today	Pair Corr
0.61	LDI	Loandepot	Pair Corr
0.67	PBCRY	Bank Central Asia	Pair Corr
0.44	BKRKF	PT Bank Rakyat	Pair Corr
0.35	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	BHB	ACNB	FMNB	NRIM	BWB	PFIS	ALRS	CBNK	UNTY	MSBI
BHB		0.8	0.73	0.79	0.97	0.9	0.88	0.79	0.9	0.94	BHB
ACNB	0.8		0.8	0.74	0.85	0.89	0.63	0.5	0.9	0.71	ACNB
FMNB	0.73	0.8		0.55	0.78	0.82	0.48	0.73	0.78	0.64	FMNB
NRIM	0.79	0.74	0.55		0.79	0.74	0.78	0.49	0.86	0.82	NRIM
BWB	0.97	0.85	0.78	0.79		0.93	0.85	0.76	0.93	0.91	BWB
PFIS	0.9	0.89	0.82	0.74	0.93		0.75	0.69	0.94	0.81	PFIS
ALRS	0.88	0.63	0.48	0.78	0.85	0.75		0.68	0.81	0.91	ALRS
CBNK	0.79	0.5	0.73	0.49	0.76	0.69	0.68		0.65	0.73	CBNK
UNTY	0.9	0.9	0.78	0.86	0.93	0.94	0.81	0.65		0.88	UNTY
MSBI	0.94	0.71	0.64	0.82	0.91	0.81	0.91	0.73	0.88		MSBI
	BHB	ACNB	FMNB	NRIM	BWB	PFIS	ALRS	CBNK	UNTY	MSBI

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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
BHB	1.34	0.10	0.07	0.15	1.45	(1.56)	3.58	(2.46)	8.32
ACNB	1.18	0.07	0.03	0.20	1.26	(1.36)	2.38	(2.28)	7.30
FMNB	1.09	0.04	(0.01)	0.21	1.37	(1.18)	2.82	(2.30)	7.15
NRIM	1.84	0.02	0.02	0.08	3.15	(1.92)	4.71	(3.09)	21.03
BWB	1.27	0.10	0.07	0.16	1.32	(1.44)	3.50	(2.33)	9.97
PFIS	1.23	0.05	0.03	0.12	1.58	(1.24)	3.04	(2.33)	8.79
ALRS	1.27	0.13	0.10	0.18	1.17	(1.64)	2.92	(2.19)	9.30
CBNK	0.99	0.00	(0.03)	0.06	1.34	(1.12)	2.67	(2.02)	8.39
UNTY	1.33	0.08	0.05	0.15	1.44	(1.61)	3.33	(2.89)	7.55
MSBI	1.84	0.50	0.21	0.54	1.82	(2.11)	6.49	(1.83)	14.42

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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