Finward Bancorp Correlations

FNWD Stock

USD 36.65 0.31 0.85%

The current 90-days correlation between Finward Bancorp and First Capital is 0.26 (i.e., Modest diversification). The correlation of Finward 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.

Finward Bancorp Correlation With Market

Good diversification

The correlation between Finward Bancorp and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Finward Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Finward Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Finward 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 private.

For information on how to trade Finward Stock refer to our How to Trade Finward Stock guide.

Moving against Finward Stock

0.58	GE	GE Aerospace	Pair Corr
0.5	DIS	Walt Disney Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FCAP	ECBK	LARK	CFBK	HNVR	CZWI	PEBK	UBFO	BVFL	MNSB
FCAP		0.08	0.7	0.22	0.74	0.74	0.79	0.54	0.67	0.86	FCAP
ECBK	0.08		-0.1	0.18	0.19	0.08	0.13	0.32	-0.01	0.06	ECBK
LARK	0.7	-0.1		0.25	0.47	0.55	0.49	0.23	0.83	0.56	LARK
CFBK	0.22	0.18	0.25		0.55	0.62	0.64	0.66	0.59	0.5	CFBK
HNVR	0.74	0.19	0.47	0.55		0.92	0.88	0.89	0.56	0.92	HNVR
CZWI	0.74	0.08	0.55	0.62	0.92		0.96	0.87	0.7	0.92	CZWI
PEBK	0.79	0.13	0.49	0.64	0.88	0.96		0.85	0.68	0.93	PEBK
UBFO	0.54	0.32	0.23	0.66	0.89	0.87	0.85		0.43	0.8	UBFO
BVFL	0.67	-0.01	0.83	0.59	0.56	0.7	0.68	0.43		0.61	BVFL
MNSB	0.86	0.06	0.56	0.5	0.92	0.92	0.93	0.8	0.61		MNSB
	FCAP	ECBK	LARK	CFBK	HNVR	CZWI	PEBK	UBFO	BVFL	MNSB

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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

PEBK	+ 0.96	CZWI
MNSB	+ 0.93	PEBK
CZWI	+ 0.92	HNVR
MNSB	+ 0.92	HNVR
MNSB	+ 0.92	CZWI
UBFO	+ 0.89	HNVR

High negative correlations

LARK	- 0.1	ECBK
BVFL	- 0.01	ECBK

Risk-Adjusted Indicators

There is a big difference between Finward Stock performing well and Finward 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 Finward 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
FCAP	2.63	0.42	0.13	(9.67)	2.75	(3.40)	6.88	(5.18)	17.93
ECBK	0.74	0.12	0.05	(1.99)	0.97	(0.83)	1.41	(1.30)	11.46
LARK	1.36	0.18	0.09	0.47	1.42	(1.51)	3.73	(2.95)	8.99
CFBK	1.12	0.28	0.19	0.82	0.82	(1.30)	4.49	(1.80)	9.61
HNVR	0.94	0.20	0.13	(0.86)	0.83	(1.26)	2.40	(1.93)	7.48
CZWI	0.96	0.19	0.11	(3.31)	0.91	(1.12)	1.96	(1.73)	7.50
PEBK	1.20	0.34	0.24	2.64	0.77	(1.38)	3.26	(1.50)	5.97
UBFO	1.04	0.28	0.21	(1.06)	0.75	(1.44)	3.15	(1.38)	5.92
BVFL	1.26	0.19	0.10	0.47	1.40	(1.40)	2.87	(2.59)	9.13
MNSB	1.17	0.19	0.09	1.05	1.25	(1.24)	2.63	(2.46)	8.15

Finward Bancorp Corporate Executives

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

Benjamin Schmitt	CFO VP	Profile
Robert CPA	Executive COO	Profile
Robert Lowry	Executive COO	Profile

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