First Northwest Correlations

FNWB Stock

USD 11.30 0.27 2.33%

The current 90-days correlation between First Northwest Bancorp and HMN Financial is 0.14 (i.e., Average diversification). The correlation of First Northwest 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.

First Northwest Correlation With Market

Modest diversification

The correlation between First Northwest Bancorp and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Northwest 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 First Northwest 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 housing.

Moving together with First Stock

0.62

WBBW

Westbury Bancorp

Pair Corr

Moving against First Stock

0.47	DB	Deutsche Bank AG	Pair Corr
0.45	CFG-PH	Citizens Financial Group,	Pair Corr
0.5	WAFDP	Washington Federal	Pair Corr
0.45	KEY-PL	KeyCorp	Pair Corr
0.38	KEY-PJ	KeyCorp	Pair Corr
0.37	KEY-PK	KeyCorp	Pair Corr
0.35	TFINP	Triumph Financial	Pair Corr
0.31	KEY-PI	KeyCorp	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FCAP	CWBC	OFED	CULL	CFBK	HVBC	HBCP
HMNF		-0.16	0.1	-0.17	0.44	-0.34	-0.5	0.64	0.4	0.55	HMNF
HFBL	-0.16		-0.04	0.14	-0.04	-0.27	0.09	0.06	0.08	0.13	HFBL
FFNW	0.1	-0.04		-0.09	-0.09	0.1	-0.14	-0.26	-0.07	-0.18	FFNW
FCAP	-0.17	0.14	-0.09		-0.64	-0.4	0.04	0.03	0.13	-0.02	FCAP
CWBC	0.44	-0.04	-0.09	-0.64		0.09	-0.31	0.37	0.29	0.5	CWBC
OFED	-0.34	-0.27	0.1	-0.4	0.09		0.36	-0.79	-0.25	-0.75	OFED
CULL	-0.5	0.09	-0.14	0.04	-0.31	0.36		-0.42	-0.54	-0.42	CULL
CFBK	0.64	0.06	-0.26	0.03	0.37	-0.79	-0.42		0.23	0.93	CFBK
HVBC	0.4	0.08	-0.07	0.13	0.29	-0.25	-0.54	0.23		0.23	HVBC
HBCP	0.55	0.13	-0.18	-0.02	0.5	-0.75	-0.42	0.93	0.23		HBCP
	HMNF	HFBL	FFNW	FCAP	CWBC	OFED	CULL	CFBK	HVBC	HBCP

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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

HBCP	+ 0.93	CFBK
CFBK	+ 0.64	HMNF
HBCP	+ 0.55	HMNF
HBCP	+ 0.5	CWBC
CWBC	+ 0.44	HMNF
HVBC	+ 0.4	HMNF

High negative correlations

CFBK	- 0.79	OFED
HBCP	- 0.75	OFED
CWBC	- 0.64	FCAP
HVBC	- 0.54	CULL
CULL	- 0.5	HMNF
HBCP	- 0.42	CULL

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Northwest 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 First Northwest'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	0.36	0.12	1.37	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
FFNW	0.61	(0.02)	(0.12)	0.05	0.76	(0.65)	1.65	(1.13)	4.32
FCAP	1.79	(0.02)	(0.05)	0.01	2.07	(2.37)	6.22	(4.11)	14.42
CWBC	1.03	0.00	0.02	0.11	1.12	(1.11)	2.53	(2.16)	9.14
OFED	2.13	(0.20)	0.00	0.69	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.12)	0.00	39.32	0.00	0.00	1.18	(1.64)	4.73
CFBK	1.94	0.31	0.17	0.33	1.73	(2.35)	6.00	(2.78)	12.35
HVBC	1.51	0.33	0.08	2.99	2.03	(1.59)	2.68	(4.11)	18.63
HBCP	1.61	0.06	0.07	0.15	1.76	(1.88)	3.67	(3.12)	10.19

First Northwest Corporate Management

Allison Mahaney	General SVP	Profile
Geraldine Bullard	Ex CFO	Profile
PHR MBA	VP Angeles	Profile
Kyle Henderson	Chief Officer	Profile

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