First Western Correlations

MYFW Stock

USD 19.29 0.41 2.08%

The current 90-days correlation between First Western Financial and HMN Financial is 0.01 (i.e., Significant diversification). The correlation of First Western 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.

First Western Correlation With Market

Significant diversification

The correlation between First Western Financial and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Western Financial 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 First Western Financial. 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 First Stock

0.61	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.61	VBNK	VersaBank	Pair Corr
0.62	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.68	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.64	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.67	ESSA	ESSA Bancorp	Pair Corr

Moving against First Stock

0.31	CFG-PE	Citizens Financial	Pair Corr
0.43	FRCIL	First Republic Bank	Pair Corr
0.37	FRCCL	First Republic Bank	Pair Corr
0.37	FRCHL	First Republic Bank	Pair Corr
0.37	FRCKL	First Republic Bank	Pair Corr
0.37	FRCML	First Republic Bank	Pair Corr
0.34	FRCLL	First Republic Bank	Pair Corr

Related Correlations Analysis

	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	HVBC
HMNF		0.12	-0.59	-0.16	-0.53	0.28	-0.34	-0.5	0.26	0.4	HMNF
HFBL	0.12		-0.36	-0.03	-0.1	0.01	0.0	-0.14	-0.06	0.24	HFBL
FFNW	-0.59	-0.36		0.28	0.5	-0.27	0.4	0.48	-0.07	-0.47	FFNW
FNWB	-0.16	-0.03	0.28		-0.37	0.63	-0.39	0.15	0.6	-0.37	FNWB
FCAP	-0.53	-0.1	0.5	-0.37		-0.79	0.75	0.38	-0.57	-0.34	FCAP
CWBC	0.28	0.01	-0.27	0.63	-0.79		-0.84	-0.07	0.84	-0.07	CWBC
OFED	-0.34	0.0	0.4	-0.39	0.75	-0.84		0.36	-0.78	-0.25	OFED
CULL	-0.5	-0.14	0.48	0.15	0.38	-0.07	0.36		-0.08	-0.54	CULL
HTBI	0.26	-0.06	-0.07	0.6	-0.57	0.84	-0.78	-0.08		-0.14	HTBI
HVBC	0.4	0.24	-0.47	-0.37	-0.34	-0.07	-0.25	-0.54	-0.14		HVBC
	HMNF	HFBL	FFNW	FNWB	FCAP	CWBC	OFED	CULL	HTBI	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

HTBI	+ 0.84	CWBC
OFED	+ 0.75	FCAP
CWBC	+ 0.63	FNWB
HTBI	+ 0.6	FNWB
FCAP	+ 0.5	FFNW
CULL	+ 0.48	FFNW

High negative correlations

OFED	- 0.84	CWBC
CWBC	- 0.79	FCAP
HTBI	- 0.78	OFED
FFNW	- 0.59	HMNF
HTBI	- 0.57	FCAP
HVBC	- 0.54	CULL

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Western 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 Western'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	0.40	0.15	(4.88)	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.64	0.07	0.02	0.16	2.39	(2.46)	4.70	(4.49)	17.43
FFNW	0.67	(0.11)	0.00	(0.20)	0.00	0.00	1.36	(1.33)	4.32
FNWB	1.55	(0.08)	0.00	(0.06)	0.00	0.00	3.17	(2.82)	14.21
FCAP	1.50	(0.20)	0.00	(0.27)	0.00	0.00	2.94	(3.81)	10.68
CWBC	1.03	(0.04)	0.00	(0.12)	0.00	0.00	2.53	(2.16)	11.26
OFED	2.13	(0.22)	0.00	0.41	0.00	0.00	3.48	(5.28)	12.66
CULL	0.51	(0.11)	0.00	0.70	0.00	0.00	1.18	(1.64)	4.73
HTBI	1.39	(0.09)	0.00	(0.01)	0.00	0.00	2.80	(3.47)	18.89
HVBC	1.51	0.36	0.11	(0.59)	2.03	(1.59)	2.68	(4.11)	18.63

First Western Corporate Management

Scott CFA	Chief Officer	Profile
Matthew Cassell	Chief Banking	Profile
James Scott	Chief Officer	Profile
CFA CFA	Chief Officer	Profile

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