Norwood Financial Correlations

NWFL Stock

USD 30.90 0.03 0.1%

The current 90-days correlation between Norwood Financial Corp and Chemung Financial Corp is 0.62 (i.e., Poor 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

Poor diversification

The correlation between Norwood Financial Corp and DJI is 0.6 (i.e., Poor 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

0.82	AX	Axos Financial	Pair Corr
0.81	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.83	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.83	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.67	VABK	Virginia National	Pair Corr
0.84	VBNK	VersaBank Normal Trading	Pair Corr
0.89	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.75	TECTP	Tectonic Financial	Pair Corr
0.81	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.92	EBTC	Enterprise Bancorp	Pair Corr
0.66	ECBK	ECB Bancorp	Pair Corr
0.86	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.88	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.8	KEY-PJ	KeyCorp	Pair Corr
0.76	KEY-PK	KeyCorp	Pair Corr
0.77	KEY-PL	KeyCorp	Pair Corr
0.84	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.89	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.67	BANC-PF	Banc of California	Pair Corr
0.88	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.85	ESSA	ESSA Bancorp	Pair Corr
0.92	EVBN	Evans Bancorp	Pair Corr
0.79	WSBCP	WesBanco	Pair Corr

Moving against Norwood Stock

0.48	WF	Woori Financial Group	Pair Corr
0.42	CFG-PE	Citizens Financial	Pair Corr
0.41	TFC-PO	Truist Financial	Pair Corr
0.37	TFC-PR	Truist Financial	Pair Corr
0.55	FRCIL	First Republic Bank	Pair Corr
0.54	FRCCL	First Republic Bank	Pair Corr
0.54	FRCHL	First Republic Bank	Pair Corr
0.46	WBBW	Westbury Bancorp	Pair Corr

Related Correlations Analysis

	CHMG	HFBL	RBKB	FNWD	FCCO	OVLY	FFNW	ESSA	FSBW	OFED
CHMG		0.12	0.68	0.42	0.86	0.95	-0.28	0.84	0.87	-0.55	CHMG
HFBL	0.12		0.19	0.15	0.08	0.1	-0.03	0.11	0.05	-0.29	HFBL
RBKB	0.68	0.19		0.73	0.58	0.62	-0.22	0.68	0.4	-0.75	RBKB
FNWD	0.42	0.15	0.73		0.33	0.37	-0.16	0.55	0.3	-0.61	FNWD
FCCO	0.86	0.08	0.58	0.33		0.92	-0.19	0.83	0.83	-0.71	FCCO
OVLY	0.95	0.1	0.62	0.37	0.92		-0.21	0.85	0.88	-0.59	OVLY
FFNW	-0.28	-0.03	-0.22	-0.16	-0.19	-0.21		-0.05	-0.09	0.16	FFNW
ESSA	0.84	0.11	0.68	0.55	0.83	0.85	-0.05		0.83	-0.63	ESSA
FSBW	0.87	0.05	0.4	0.3	0.83	0.88	-0.09	0.83		-0.43	FSBW
OFED	-0.55	-0.29	-0.75	-0.61	-0.71	-0.59	0.16	-0.63	-0.43		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

OVLY	+ 0.95	CHMG
OVLY	+ 0.92	FCCO
FSBW	+ 0.88	OVLY
FSBW	+ 0.87	CHMG
FCCO	+ 0.86	CHMG
ESSA	+ 0.85	OVLY

High negative correlations

OFED	- 0.75	RBKB
OFED	- 0.71	FCCO
OFED	- 0.63	ESSA
OFED	- 0.61	FNWD
OFED	- 0.59	OVLY
OFED	- 0.55	CHMG

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	0.80	0.03	0.05	0.15	0.64	(0.98)	2.06	(1.09)	9.94
HFBL	1.56	(0.17)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
RBKB	1.24	0.30	0.15	1.08	1.05	(1.61)	4.15	(2.65)	9.98
FNWD	0.97	0.18	0.07	0.79	0.75	(1.20)	2.48	(1.80)	12.55
FCCO	1.23	0.15	0.10	0.28	1.02	(1.42)	3.05	(2.20)	10.76
OVLY	1.67	0.02	0.07	0.14	1.51	(2.14)	4.78	(2.77)	11.90
FFNW	0.59	(0.06)	0.00	(0.05)	0.00	0.00	1.36	(1.13)	4.32
ESSA	1.63	0.05	0.04	0.16	2.50	(1.52)	3.69	(3.88)	12.53
FSBW	1.62	(0.08)	0.01	0.08	1.68	(1.87)	4.14	(2.96)	11.90
OFED	2.13	(0.26)	0.00	(1.97)	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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