Bridgewater Bancshares Correlations

BWB Stock

USD 14.94 0.04 0.27%

The current 90-days correlation between Bridgewater Bancshares and Finward Bancorp is 0.27 (i.e., Modest diversification). The correlation of Bridgewater Bancshares 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.

Bridgewater Bancshares Correlation With Market

Very weak diversification

The correlation between Bridgewater Bancshares and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridgewater Bancshares 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 Bridgewater Bancshares. 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 Bridgewater Stock refer to our How to Trade Bridgewater Stock guide.

Moving together with Bridgewater Stock

0.64	AX	Axos Financial	Pair Corr
0.79	KB	KB Financial Group	Pair Corr
0.63	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.72	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.64	VBFC	Village Bank	Pair Corr
0.76	VBNK	VersaBank Normal Trading	Pair Corr
0.8	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.83	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.72	EBTC	Enterprise Bancorp	Pair Corr
0.76	ECBK	ECB Bancorp	Pair Corr
0.65	CFG-PH	Citizens Financial Group,	Pair Corr
0.69	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.73	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.64	KEY-PK	KeyCorp	Pair Corr
0.62	KEY-PL	KeyCorp	Pair Corr
0.68	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.77	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.8	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.82	ESSA	ESSA Bancorp Normal Trading	Pair Corr
0.73	EVBN	Evans Bancorp	Pair Corr
0.68	WSBCP	WesBanco	Pair Corr

Moving against Bridgewater Stock

0.4	TFC-PO	Truist Financial	Pair Corr
0.37	CFG-PE	Citizens Financial	Pair Corr
0.33	TFC-PR	Truist Financial	Pair Corr
0.59	WBBW	Westbury Bancorp	Pair Corr
0.57	FRCIL	First Republic Bank	Pair Corr
0.47	FRCHL	First Republic Bank	Pair Corr
0.46	FRCCL	First Republic Bank	Pair Corr

Related Correlations Analysis

	IBOC	FNWD	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3
IBOC		0.18	0.0	0.41	0.23	0.81	0.32	0.74	0.76	IBOC
FNWD	0.18		0.0	0.72	0.8	0.12	0.65	0.15	0.34	FNWD
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	0.41	0.72	0.0		0.69	0.33	0.77	0.38	0.29	LBHIX
MSTSX	0.23	0.8	0.0	0.69		0.02	0.82	0.11	0.23	MSTSX
VIASP	0.81	0.12	0.0	0.33	0.02		0.15	0.83	0.66	VIASP
RRTLX	0.32	0.65	0.0	0.77	0.82	0.15		0.23	0.12	RRTLX
OSHDF	0.74	0.15	0.0	0.38	0.11	0.83	0.23		0.52	OSHDF
70082LAB3	0.76	0.34	0.0	0.29	0.23	0.66	0.12	0.52		70082LAB3
	IBOC	FNWD	AQUI	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3

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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

OSHDF	+ 0.83	VIASP
RRTLX	+ 0.82	MSTSX
VIASP	+ 0.81	IBOC
MSTSX	+ 0.8	FNWD
RRTLX	+ 0.77	LBHIX
70082LAB3	+ 0.76	IBOC

High negative correlations

70082LAB3	- 0.0	AQUI
OSHDF	- 0.0	AQUI
RRTLX	- 0.0	AQUI
VIASP	- 0.0	AQUI
MSTSX	- 0.0	AQUI
LBHIX	- 0.0	AQUI

Risk-Adjusted Indicators

There is a big difference between Bridgewater Stock performing well and Bridgewater Bancshares 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 Bridgewater Bancshares' 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
IBOC	1.65	(0.04)	0.09	0.10	1.53	(2.08)	2.78	(2.98)	18.82
FNWD	0.98	0.19	0.09	0.82	0.75	(1.22)	2.48	(1.80)	12.55
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.02	(0.38)	1.57	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.02)	(0.10)	0.08	0.50	(0.60)	1.21	(1.02)	2.80
VIASP	0.75	0.09	(0.03)	(1.53)	1.12	(0.80)	2.28	(1.20)	7.18
RRTLX	0.23	0.02	(0.26)	0.65	0.23	(0.25)	0.48	(0.56)	1.36
OSHDF	39.65	22.50	0.00	(0.96)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.63	0.00	(0.10)	0.03	1.03	(0.68)	1.66	(1.19)	4.03

Bridgewater Bancshares Corporate Management

Daniel Poppe	Senior Officer	Profile
Tony Ferraro	Managing Lending	Profile
Mark Hokanson	Chief Officer	Profile
Ben JD	General Counsel	Profile

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