Finwise Bancorp Correlations

FINW Stock

USD 17.83 0.12 0.68%

The current 90-days correlation between Finwise Bancorp and HMN Financial is 0.09 (i.e., Significant diversification). The correlation of Finwise 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Finwise Bancorp Correlation With Market

Good diversification

The correlation between Finwise Bancorp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Finwise 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 Finwise 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 board of governors.

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

Moving together with Finwise Stock

0.67	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.81	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.64	VABK	Virginia National	Pair Corr
0.89	VBNK	VersaBank Normal Trading	Pair Corr
0.87	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.85	TECTP	Tectonic Financial	Pair Corr
0.93	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.82	EBTC	Enterprise Bancorp	Pair Corr
0.88	ECBK	ECB Bancorp	Pair Corr
0.89	CFG-PH	Citizens Financial Group,	Pair Corr
0.65	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.88	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.79	KEY-PJ	KeyCorp	Pair Corr
0.88	KEY-PK	KeyCorp	Pair Corr
0.9	KEY-PL	KeyCorp	Pair Corr
0.77	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.79	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.8	ESSA	ESSA Bancorp	Pair Corr
0.76	TFINP	Triumph Financial	Pair Corr
0.9	EVBN	Evans Bancorp	Pair Corr
0.84	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.95	WSBCP	WesBanco	Pair Corr
0.89	WMPN	William Penn Bancorp	Pair Corr

Moving against Finwise Stock

0.62	WF	Woori Financial Group	Pair Corr
0.33	TFC-PO	Truist Financial	Pair Corr
0.77	FRCIL	First Republic Bank	Pair Corr
0.67	FRCCL	First Republic Bank	Pair Corr
0.67	FRCHL	First Republic Bank	Pair Corr
0.66	FRCKL	First Republic Bank	Pair Corr
0.48	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	OFED	CWBC	CULL	CFBK	HVBC
HMNF		-0.1	-0.05	0.05	0.16	-0.34	0.17	-0.5	0.56	0.4	HMNF
HFBL	-0.1		-0.06	0.02	0.06	-0.15	-0.04	0.11	0.03	0.03	HFBL
FFNW	-0.05	-0.06		0.28	0.0	0.05	-0.21	0.09	-0.25	-0.46	FFNW
FNWB	0.05	0.02	0.28		-0.53	0.49	0.5	-0.06	-0.28	-0.21	FNWB
FCAP	0.16	0.06	0.0	-0.53		-0.63	-0.61	-0.17	0.26	0.27	FCAP
OFED	-0.34	-0.15	0.05	0.49	-0.63		0.35	0.36	-0.76	-0.25	OFED
CWBC	0.17	-0.04	-0.21	0.5	-0.61	0.35		-0.17	0.18	0.25	CWBC
CULL	-0.5	0.11	0.09	-0.06	-0.17	0.36	-0.17		-0.4	-0.54	CULL
CFBK	0.56	0.03	-0.25	-0.28	0.26	-0.76	0.18	-0.4		0.3	CFBK
HVBC	0.4	0.03	-0.46	-0.21	0.27	-0.25	0.25	-0.54	0.3		HVBC
	HMNF	HFBL	FFNW	FNWB	FCAP	OFED	CWBC	CULL	CFBK	HVBC

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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

CFBK	+ 0.56	HMNF
CWBC	+ 0.5	FNWB
OFED	+ 0.49	FNWB
HVBC	+ 0.4	HMNF
CULL	+ 0.36	OFED
CWBC	+ 0.35	OFED

High negative correlations

CFBK	- 0.76	OFED
OFED	- 0.63	FCAP
CWBC	- 0.61	FCAP
HVBC	- 0.54	CULL
FCAP	- 0.53	FNWB
CULL	- 0.5	HMNF

Risk-Adjusted Indicators

There is a big difference between Finwise Stock performing well and Finwise 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 Finwise 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
HMNF	1.88	0.38	0.13	2.31	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.75	0.01	(0.01)	0.11	2.40	(3.13)	3.82	(4.31)	21.70
FFNW	0.61	(0.02)	(0.11)	0.02	0.76	(0.67)	1.65	(1.13)	4.32
FNWB	1.55	0.05	0.00	0.17	1.69	(1.77)	4.11	(2.82)	14.21
FCAP	1.72	0.11	0.01	1.00	1.81	(2.40)	6.22	(3.53)	14.42
OFED	2.13	(0.22)	0.00	1.09	0.00	0.00	3.48	(5.28)	12.66
CWBC	1.03	0.03	0.04	0.12	1.08	(1.11)	2.53	(2.16)	9.14
CULL	0.51	(0.12)	0.00	(5.70)	0.00	0.00	1.18	(1.64)	4.73
CFBK	1.97	0.28	0.14	0.30	1.90	(2.33)	6.00	(3.51)	12.35
HVBC	1.51	0.31	0.08	1.20	2.03	(1.59)	2.68	(4.11)	18.63

Finwise Bancorp Corporate Executives

Elected by the shareholders, the Finwise Bancorp's board of directors comprises two types of representatives: Finwise Bancorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Finwise. The board's role is to monitor Finwise Bancorp's management team and ensure that shareholders' interests are well served. Finwise 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, Finwise Bancorp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert CPA	Executive CFO	Profile
Javvis Jacobson	Executive CFO	Profile
Robert Wahlman	Executive CFO	Profile
Richard Thiessens	Executive CTO	Profile

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