Arrow Financial Correlations

AROW Stock

USD 26.75 0.51 1.87%

The current 90-days correlation between Arrow Financial and Bank of Marin is 0.79 (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

Poor diversification

The correlation between Arrow Financial and DJI is 0.62 (i.e., Poor 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 persons.

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

Moving together with Arrow Stock

0.92	AX	Axos Financial Earnings Call Next Week	Pair Corr
0.93	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.86	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.77	KB	KB Financial Group Earnings Call Tomorrow	Pair Corr
0.83	NU	Nu Holdings Aggressive Push	Pair Corr
0.95	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.91	RF	Regions Financial Buyout Trend	Pair Corr
0.75	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.82	VABK	Virginia National	Pair Corr
0.63	VBNK	VersaBank	Pair Corr
0.79	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.76	TECTP	Tectonic Financial	Pair Corr
0.85	TFC-PO	Truist Financial	Pair Corr
0.76	TFC-PR	Truist Financial	Pair Corr
0.81	CFG-PE	Citizens Financial	Pair Corr
0.82	CFG-PH	Citizens Financial Group,	Pair Corr
0.92	EFSC	Enterprise Financial Earnings Call Tomorrow	Pair Corr
0.61	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.62	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.66	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.74	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.86	WABC	Westamerica Bancorporation	Pair Corr
0.92	WAFD	Washington Federal	Pair Corr
0.85	WASH	Washington Trust Bancorp Earnings Call Tomorrow	Pair Corr
0.74	BANC-PF	Banc of California Earnings Call Tomorrow	Pair Corr
0.92	EQBK	Equity Bancshares,	Pair Corr
0.89	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.86	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.83	WNEB	Western New England Earnings Call This Week	Pair Corr
0.97	WSBC	WesBanco	Pair Corr

Related Correlations Analysis

	BMRC	ATLO	NBTB	CTBI	BANF	THFF	SRCE
BMRC		0.87	0.57	0.92	0.74	0.88	0.79	BMRC
ATLO	0.87		0.63	0.9	0.83	0.9	0.86	ATLO
NBTB	0.57	0.63		0.71	0.84	0.74	0.84	NBTB
CTBI	0.92	0.9	0.71		0.91	0.97	0.92	CTBI
BANF	0.74	0.83	0.84	0.91		0.93	0.95	BANF
THFF	0.88	0.9	0.74	0.97	0.93		0.97	THFF
SRCE	0.79	0.86	0.84	0.92	0.95	0.97		SRCE
	BMRC	ATLO	NBTB	CTBI	BANF	THFF	SRCE

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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
BMRC	1.47	0.21	0.17	0.30	1.03	(1.86)	3.95	(2.27)	8.10
ATLO	1.17	0.06	(0.01)	0.25	1.49	(1.14)	2.26	(2.74)	6.25
NBTB	1.19	0.02	0.03	0.15	1.21	(1.36)	2.68	(1.56)	8.42
CTBI	1.11	0.22	0.18	0.38	0.84	(1.33)	2.63	(1.71)	5.86
BANF	1.24	0.31	0.18	0.53	1.04	(1.37)	3.20	(1.93)	7.03
THFF	1.39	0.26	0.20	0.35	0.97	(1.68)	3.97	(1.97)	9.63
SRCE	1.15	0.13	0.11	0.25	1.07	(1.30)	3.16	(1.60)	7.45

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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