Arrow Financial Correlations

AROW Stock

USD 31.64 0.69 2.23%

The current 90-days correlation between Arrow Financial and Bar Harbor Bankshares is 0.68 (i.e., Poor diversification). The correlation of Arrow Financial 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.

Arrow Financial Correlation With Market

Weak diversification

The correlation between Arrow Financial and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrow Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Arrow Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Arrow 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 metropolitan statistical area.

For more information on how to buy Arrow Stock please use our How to Invest in Arrow Financial guide.

Moving together with Arrow Stock

0.73	BIRG	Bank of Ireland	Pair Corr
0.82	TMP	Tompkins Financial	Pair Corr
0.73	BHRB	Burke Herbert Financial	Pair Corr
0.72	TFSL	TFS Financial	Pair Corr
0.85	BVFL	BV Financial, Common	Pair Corr
0.79	BWFG	Bankwell Financial	Pair Corr
0.67	ENS	Enersys	Pair Corr
0.84	CTMCF	Canterra Minerals	Pair Corr
0.68	OOAG	OMDA Oil	Pair Corr
0.73	PFG	Principal Financial	Pair Corr
0.66	ETCC	Environmmtl Tectonic	Pair Corr

Moving against Arrow Stock

0.85	BYFC	Broadway Financial	Pair Corr
0.56	SHFS	SHF Holdings	Pair Corr
0.39	MTRO	Metro Bank PLC	Pair Corr
0.33	SFBC	Sound Financial Bancorp	Pair Corr
0.33	CARV	Carver Bancorp	Pair Corr
0.72	RAIL	Freightcar America	Pair Corr
0.55	GDEV	GDEV Inc	Pair Corr
0.45	ASTS	Ast Spacemobile Buyout Trend	Pair Corr
0.32	RMCO	Royalty Management	Pair Corr

Related Correlations Analysis

	BHB	ACNB	FMNB	NRIM	BWB	PFIS	ALRS	CBNK	UNTY	MSBI
BHB		0.25	0.73	0.44	0.45	0.93	0.89	0.7	0.83	0.79	BHB
ACNB	0.25		-0.29	0.92	0.37	0.27	0.12	-0.43	0.36	0.45	ACNB
FMNB	0.73	-0.29		-0.12	0.44	0.72	0.84	0.93	0.71	0.57	FMNB
NRIM	0.44	0.92	-0.12		0.39	0.48	0.3	-0.24	0.49	0.51	NRIM
BWB	0.45	0.37	0.44	0.39		0.43	0.52	0.21	0.63	0.69	BWB
PFIS	0.93	0.27	0.72	0.48	0.43		0.88	0.67	0.9	0.77	PFIS
ALRS	0.89	0.12	0.84	0.3	0.52	0.88		0.79	0.84	0.74	ALRS
CBNK	0.7	-0.43	0.93	-0.24	0.21	0.67	0.79		0.56	0.43	CBNK
UNTY	0.83	0.36	0.71	0.49	0.63	0.9	0.84	0.56		0.84	UNTY
MSBI	0.79	0.45	0.57	0.51	0.69	0.77	0.74	0.43	0.84		MSBI
	BHB	ACNB	FMNB	NRIM	BWB	PFIS	ALRS	CBNK	UNTY	MSBI

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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

PFIS	+ 0.93	BHB
CBNK	+ 0.93	FMNB
NRIM	+ 0.92	ACNB
UNTY	+ 0.9	PFIS
ALRS	+ 0.89	BHB
ALRS	+ 0.88	PFIS

High negative correlations

CBNK	- 0.43	ACNB
FMNB	- 0.29	ACNB
CBNK	- 0.24	NRIM
NRIM	- 0.12	FMNB

Risk-Adjusted Indicators

There is a big difference between Arrow Stock performing well and Arrow 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 Arrow 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
BHB	1.40	(0.12)	0.00	(0.05)	0.00	0.00	2.88	(3.36)	8.17
ACNB	1.24	0.16	0.10	0.30	1.21	(1.45)	2.45	(2.17)	6.18
FMNB	1.12	(0.17)	0.00	(0.10)	0.00	0.00	2.72	(3.18)	7.92
NRIM	1.72	0.13	0.08	0.16	1.77	(2.13)	4.18	(2.97)	10.28
BWB	1.61	0.10	0.06	0.14	1.72	(1.80)	3.67	(2.86)	11.00
PFIS	1.32	(0.12)	0.00	(0.06)	0.00	0.00	2.97	(2.69)	9.46
ALRS	1.13	(0.07)	(0.05)	(0.01)	1.29	(1.51)	2.62	(2.52)	6.55
CBNK	1.17	(0.26)	0.00	(0.20)	0.00	0.00	2.71	(2.88)	6.99
UNTY	1.55	(0.02)	0.00	0.05	2.06	(1.67)	3.47	(4.05)	11.20
MSBI	1.95	0.15	0.06	0.19	2.19	(2.24)	5.98	(2.81)	14.42

Arrow Financial Corporate Management

Thomas CPA	CEO and President	Profile
Marc Yrsha	Senior Officer	Profile
Michael Jacobs	Executive Officer	Profile
Brooke Pancoe	Senior Officer	Profile
Annette Reitano	Senior Falls	Profile

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