Arrow Financial Correlations

AROW Stock

USD 32.03 0.03 0.09%

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

Weak diversification

The correlation between Arrow Financial and DJI is 0.37 (i.e., Weak 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 metropolitan statistical area.

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

Moving together with Arrow Stock

0.91	BIRG	Bank of Ireland	Pair Corr
0.67	EBMT	Eagle Bancorp Montana	Pair Corr
0.89	ECBK	ECB Bancorp	Pair Corr
0.82	FCAP	First Capital	Pair Corr
0.86	BOH	Bank of Hawaii	Pair Corr
0.9	CAC	Camden National	Pair Corr
0.86	MPB	Mid Penn Bancorp	Pair Corr
0.69	PFS	Provident Financial	Pair Corr
0.85	TFC	Truist Financial Corp	Pair Corr
0.61	GSBC	Great Southern Bancorp	Pair Corr
0.63	HBAN	Huntington Bancshares Normal Trading	Pair Corr
0.69	HOMB	Home BancShares Earnings Call Next Week	Pair Corr
0.9	HTBK	Heritage Commerce Corp	Pair Corr
0.73	IBCP	Independent Bank	Pair Corr
0.72	SBID	State Bank	Pair Corr
0.85	601187	Xiamen Bank	Pair Corr
0.93	LSBK	Lake Shore Bancorp	Pair Corr
0.85	ORRF	Orrstown Financial	Pair Corr
0.7	PNFP	Pinnacle Financial	Pair Corr
0.91	QCRH	QCR Holdings	Pair Corr
0.93	SBFG	SB Financial Group	Pair Corr
0.92	SMBC	Southern Missouri Bancorp	Pair Corr
0.65	SPFI	South Plains Financial	Pair Corr
0.91	BCAL	Southern California	Pair Corr
0.67	BOKF	BOK Financial	Pair Corr

Moving against Arrow Stock

0.78	LDI	Loandepot	Pair Corr
0.64	601658	Postal Savings Bank	Pair Corr
0.55	SFBC	Sound Financial Bancorp	Pair Corr
0.5	601665	Qilu Bank	Pair Corr
0.76	BYFC	Broadway Financial	Pair Corr
0.71	CMWCF	Cromwell Property	Pair Corr
0.59	HCMC	Healthier Choices	Pair Corr

Related Correlations Analysis

	BHB	ACNB	FMNB	NRIM	BWB	PFIS	ALRS	CBNK	UNTY	MSBI
BHB		0.84	0.65	0.88	0.92	0.93	0.91	0.39	0.93	0.93	BHB
ACNB	0.84		0.34	0.92	0.72	0.85	0.74	-0.06	0.82	0.78	ACNB
FMNB	0.65	0.34		0.32	0.83	0.67	0.7	0.84	0.73	0.58	FMNB
NRIM	0.88	0.92	0.32		0.74	0.84	0.78	-0.04	0.83	0.87	NRIM
BWB	0.92	0.72	0.83	0.74		0.91	0.88	0.56	0.94	0.87	BWB
PFIS	0.93	0.85	0.67	0.84	0.91		0.88	0.34	0.95	0.86	PFIS
ALRS	0.91	0.74	0.7	0.78	0.88	0.88		0.45	0.89	0.86	ALRS
CBNK	0.39	-0.06	0.84	-0.04	0.56	0.34	0.45		0.39	0.31	CBNK
UNTY	0.93	0.82	0.73	0.83	0.94	0.95	0.89	0.39		0.91	UNTY
MSBI	0.93	0.78	0.58	0.87	0.87	0.86	0.86	0.31	0.91		MSBI
	BHB	ACNB	FMNB	NRIM	BWB	PFIS	ALRS	CBNK	UNTY	MSBI

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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

UNTY	+ 0.95	PFIS
UNTY	+ 0.94	BWB
PFIS	+ 0.93	BHB
UNTY	+ 0.93	BHB
MSBI	+ 0.93	BHB
BWB	+ 0.92	BHB

High negative correlations

CBNK	- 0.06	ACNB
CBNK	- 0.04	NRIM

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	1.36	0.00	0.00	0.07	1.74	(1.41)	3.07	(2.99)	8.17
ACNB	1.25	0.13	0.07	0.28	1.25	(1.43)	2.50	(2.48)	6.18
FMNB	1.10	(0.16)	0.00	(0.07)	0.00	0.00	2.82	(2.74)	7.87
NRIM	1.66	0.27	0.15	0.25	1.78	(1.85)	4.20	(2.99)	10.29
BWB	1.44	(0.05)	(0.01)	0.04	1.67	(1.59)	3.50	(2.86)	9.89
PFIS	1.29	(0.02)	(0.01)	0.05	1.76	(1.23)	3.04	(2.33)	9.46
ALRS	1.23	0.04	0.03	0.10	1.17	(1.69)	2.92	(2.24)	6.52
CBNK	1.00	(0.19)	0.00	(0.13)	0.00	0.00	2.67	(2.88)	6.99
UNTY	1.47	0.03	0.02	0.10	1.93	(1.64)	3.47	(3.14)	11.20
MSBI	1.81	0.35	0.15	0.39	1.95	(2.05)	5.98	(2.50)	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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