Norwood Financial Correlations

NWFL Stock

USD 26.62 0.56 2.15%

The current 90-days correlation between Norwood Financial Corp and Chemung Financial Corp is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Norwood Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Norwood Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Norwood Financial Correlation With Market

Average diversification

The correlation between Norwood Financial Corp and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Norwood Financial Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Norwood Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Norwood Stock

0.78	AX	Axos Financial	Pair Corr
0.72	BY	Byline Bancorp	Pair Corr
0.73	RF	Regions Financial	Pair Corr
0.63	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.9	VABK	Virginia National	Pair Corr
0.84	VBNK	VersaBank Normal Trading	Pair Corr
0.78	VBTX	Veritex Holdings	Pair Corr
0.7	TFC-PI	Truist Financial	Pair Corr
0.84	EBMT	Eagle Bancorp Montana	Pair Corr
0.65	ECBK	ECB Bancorp	Pair Corr
0.88	EGBN	Eagle Bancorp	Pair Corr
0.82	KEY-PJ	KeyCorp	Pair Corr
0.84	KEY-PK	KeyCorp	Pair Corr
0.87	WABC	Westamerica Bancorporation	Pair Corr
0.91	WAFD	Washington Federal	Pair Corr
0.91	WASH	Washington Trust Bancorp	Pair Corr
0.83	EQBK	Equity Bancshares,	Pair Corr
0.79	WMPN	William Penn Bancorp	Pair Corr

Moving against Norwood Stock

0.48	DB	Deutsche Bank AG	Pair Corr
0.45	TECTP	Tectonic Financial	Pair Corr
0.45	WSBCP	WesBanco	Pair Corr

Related Correlations Analysis

	CHMG	HFBL	RBKB	FNWD	FCCO	OVLY	FFNW	ESSA	FSBW	OFED
CHMG		-0.44	0.3	0.48	0.72	0.81	0.5	0.48	0.65	0.18	CHMG
HFBL	-0.44		0.23	-0.7	-0.18	-0.54	-0.64	0.05	-0.66	-0.59	HFBL
RBKB	0.3	0.23		-0.5	0.63	0.16	-0.38	0.73	-0.13	-0.48	RBKB
FNWD	0.48	-0.7	-0.5		0.07	0.64	0.87	-0.2	0.83	0.77	FNWD
FCCO	0.72	-0.18	0.63	0.07		0.51	0.23	0.83	0.38	-0.05	FCCO
OVLY	0.81	-0.54	0.16	0.64	0.51		0.62	0.25	0.76	0.29	OVLY
FFNW	0.5	-0.64	-0.38	0.87	0.23	0.62		0.04	0.86	0.75	FFNW
ESSA	0.48	0.05	0.73	-0.2	0.83	0.25	0.04		0.22	-0.1	ESSA
FSBW	0.65	-0.66	-0.13	0.83	0.38	0.76	0.86	0.22		0.76	FSBW
OFED	0.18	-0.59	-0.48	0.77	-0.05	0.29	0.75	-0.1	0.76		OFED
	CHMG	HFBL	RBKB	FNWD	FCCO	OVLY	FFNW	ESSA	FSBW	OFED

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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

FFNW	+ 0.87	FNWD
FSBW	+ 0.86	FFNW
FSBW	+ 0.83	FNWD
ESSA	+ 0.83	FCCO
OVLY	+ 0.81	CHMG
OFED	+ 0.77	FNWD

High negative correlations

FNWD	- 0.7	HFBL
FSBW	- 0.66	HFBL
FFNW	- 0.64	HFBL
OFED	- 0.59	HFBL
OVLY	- 0.54	HFBL
FNWD	- 0.5	RBKB

Risk-Adjusted Indicators

There is a big difference between Norwood Stock performing well and Norwood 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 Norwood 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
CHMG	1.42	0.16	0.05	1.61	1.46	(1.84)	3.06	(2.46)	11.96
HFBL	1.48	0.08	(0.01)	(0.16)	2.08	(2.18)	5.67	(4.53)	13.83
RBKB	0.64	0.17	0.11	(16.32)	0.45	(0.78)	1.72	(1.09)	3.70
FNWD	0.96	(0.26)	0.00	(0.95)	0.00	0.00	2.12	(2.54)	8.51
FCCO	1.21	0.16	0.07	0.41	1.35	(1.34)	3.05	(2.18)	10.09
OVLY	1.60	(0.09)	0.00	(0.04)	0.00	0.00	4.00	(3.81)	14.90
FFNW	0.80	(0.12)	0.00	(0.35)	0.00	0.00	1.58	(1.74)	4.32
ESSA	1.39	0.12	0.02	0.88	1.99	(1.29)	2.44	(3.07)	12.57
FSBW	1.73	(0.19)	0.00	(0.15)	0.00	0.00	3.56	(3.22)	16.14
OFED	2.13	(0.27)	0.00	(0.85)	0.00	0.00	3.48	(5.28)	12.66

Norwood Financial Corporate Management

Vincent OBell	Executive Officer	Profile
Tracie Young	Senior Risk	Profile
Diane Esq	Senior Officer	Profile
Joseph Mahon	Senior Leader	Profile

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