Finward Bancorp Correlations

FNWD Stock

USD 34.83 0.77 2.16%

The current 90-days correlation between Finward Bancorp and First Capital is 0.11 (i.e., Average 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

Weak diversification

The correlation between Finward Bancorp 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 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 producer price index.

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

Moving together with Finward Stock

0.83	BIRG	Bank of Ireland	Pair Corr
0.72	ECBK	ECB Bancorp	Pair Corr
0.71	FCAP	First Capital	Pair Corr
0.71	BOH	Bank of Hawaii	Pair Corr
0.83	CAC	Camden National	Pair Corr
0.74	MPB	Mid Penn Bancorp	Pair Corr
0.65	PFS	Provident Financial	Pair Corr
0.77	TFC	Truist Financial Corp	Pair Corr
0.65	HOMB	Home BancShares	Pair Corr
0.81	HTBK	Heritage Commerce Corp	Pair Corr
0.8	IBCP	Independent Bank	Pair Corr
0.72	SBID	State Bank	Pair Corr
0.8	601187	Xiamen Bank	Pair Corr
0.89	LSBK	Lake Shore Bancorp	Pair Corr
0.89	ORRF	Orrstown Financial	Pair Corr
0.63	PNFP	Pinnacle Financial	Pair Corr
0.89	QCRH	QCR Holdings	Pair Corr
0.85	SBFG	SB Financial Group	Pair Corr
0.85	SMBC	Southern Missouri Bancorp	Pair Corr
0.9	BCAL	Southern California	Pair Corr

Moving against Finward Stock

0.62	601658	Postal Savings Bank	Pair Corr
0.59	LDI	Loandepot	Pair Corr
0.62	SFBC	Sound Financial Bancorp	Pair Corr
0.38	601665	Qilu Bank	Pair Corr
0.33	MTRO	Metro Bank PLC	Pair Corr
0.8	BYFC	Broadway Financial	Pair Corr
0.65	CMWCF	Cromwell Property	Pair Corr
0.63	HCMC	Healthier Choices	Pair Corr

Related Correlations Analysis

	FCAP	ECBK	LARK	CFBK	HNVR	CZWI	PEBK	UBFO	BVFL	MNSB
FCAP		0.58	0.86	0.77	0.9	0.93	0.96	0.86	0.85	0.88	FCAP
ECBK	0.58		0.61	0.24	0.64	0.72	0.53	0.84	0.79	0.26	ECBK
LARK	0.86	0.61		0.6	0.86	0.93	0.86	0.87	0.9	0.76	LARK
CFBK	0.77	0.24	0.6		0.6	0.64	0.81	0.55	0.54	0.8	CFBK
HNVR	0.9	0.64	0.86	0.6		0.93	0.85	0.85	0.79	0.82	HNVR
CZWI	0.93	0.72	0.93	0.64	0.93		0.92	0.94	0.93	0.77	CZWI
PEBK	0.96	0.53	0.86	0.81	0.85	0.92		0.84	0.84	0.86	PEBK
UBFO	0.86	0.84	0.87	0.55	0.85	0.94	0.84		0.95	0.64	UBFO
BVFL	0.85	0.79	0.9	0.54	0.79	0.93	0.84	0.95		0.63	BVFL
MNSB	0.88	0.26	0.76	0.8	0.82	0.77	0.86	0.64	0.63		MNSB
	FCAP	ECBK	LARK	CFBK	HNVR	CZWI	PEBK	UBFO	BVFL	MNSB

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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	2.24	0.40	0.15	2.37	2.10	(3.05)	5.10	(3.88)	17.14
ECBK	1.11	0.11	0.05	0.36	1.43	(1.13)	2.61	(2.75)	11.46
LARK	0.87	0.03	(0.01)	0.24	1.04	(0.98)	2.35	(1.64)	6.76
CFBK	0.95	0.04	(0.01)	0.41	1.32	(0.92)	1.85	(2.10)	9.66
HNVR	0.97	0.00	(0.02)	0.05	1.12	(1.22)	2.49	(2.12)	7.21
CZWI	0.87	0.09	0.05	0.22	1.13	(0.99)	1.97	(1.60)	7.35
PEBK	1.54	0.19	0.09	0.22	1.73	(1.65)	3.66	(3.03)	9.18
UBFO	1.08	0.06	0.04	0.12	1.18	(1.45)	3.25	(2.58)	8.56
BVFL	1.48	0.16	0.08	0.30	1.56	(1.68)	3.48	(2.60)	12.62
MNSB	1.19	(0.10)	0.00	(0.10)	0.00	0.00	2.22	(2.89)	7.09

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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