Which stocks are most correlated with BWB?

Based on one year of daily returns, the stocks most correlated with Bridgewater Bancshares, Inc. Common Stock (BWB) are QABA (0.83), KRE (0.79) and MBWM (0.79). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with BWB?

Over the past year, the stocks most inversely correlated with Bridgewater Bancshares, Inc. Common Stock (BWB) are SKRE (-0.79), SDD (-0.54) and FAZ (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.

Bridgewater Bancshares, Inc. Common Stock (BWB) — Stock Correlations & Overview

Over the past year, BWB has moved most closely with QABA, KRE, MBWM. Explore the stocks most correlated and inversely correlated with BWB below, along with its price, financials, and company profile.

Stocks correlated with BWB

Correlation of daily returns. Higher positive values move with BWB; negative values move opposite it. Informational only, not investment advice.

Most correlated with BWB

Symbol	Company	Correlation
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.83
KRE	State Street SPDR S&P Regional Banking ETF	0.79
MBWM	Mercantile Bank CorpSTATE COMMERCIAL BANKS	0.79
FRME	First Merchants CorpNATIONAL COMMERCIAL BANKS	0.79
DPST	Direxion Daily Regional Banks Bull 3X ETF	0.79

Most inversely correlated with BWB

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.79
SDD	ProShares UltraShort SmallCap600	-0.54
FAZ	Direxion Daily Financial Bear 3x ETF	-0.53
SBB	ProShares Short SmallCap600	-0.52
SKF	ProShares UltraShort Financials	-0.52

Frequently asked questions about BWB correlations

Which stocks are most correlated with BWB?: Based on one year of daily returns, the stocks most correlated with Bridgewater Bancshares, Inc. Common Stock (BWB) are QABA (0.83), KRE (0.79) and MBWM (0.79). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with BWB?: Over the past year, the stocks most inversely correlated with Bridgewater Bancshares, Inc. Common Stock (BWB) are SKRE (-0.79), SDD (-0.54) and FAZ (-0.53). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these BWB correlations calculated?: We compute the correlation of daily returns between BWB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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