Which stocks are most correlated with FNWD?

Based on one year of daily returns, the stocks most correlated with Finward Bancorp Common Stock (FNWD) are FCBC (0.39), FMNB (0.37) and WAB (0.36). 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 FNWD?

Over the past year, the stocks most inversely correlated with Finward Bancorp Common Stock (FNWD) are RBKB (-0.41), WETO (-0.33) and CPHI (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.

Finward Bancorp Common Stock (FNWD) — Stock Correlations & Overview

Over the past year, FNWD has moved most closely with FCBC, FMNB, WAB. Explore the stocks most correlated and inversely correlated with FNWD below, along with its price, financials, and company profile.

Stocks correlated with FNWD

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

Most correlated with FNWD

Symbol	Company	Correlation
FCBC	First Community Bankshares, Inc. (VA)STATE COMMERCIAL BANKS	0.39
FMNB	Farmers National Banc CorpSTATE COMMERCIAL BANKS	0.37
WAB	Wabtec Inc.RAILROAD EQUIPMENT	0.36
CHCO	City Holding CoNATIONAL COMMERCIAL BANKS	0.35
PEBO	Peoples Bancorp Inc/OHSTATE COMMERCIAL BANKS	0.34

Most inversely correlated with FNWD

Symbol	Company	Correlation
RBKB	Rhinebeck Bancorp, Inc. Common StockSAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED	-0.41
WETO	Wetour Robotics Limited Ordinary Shares	-0.33
CPHI	China Pharma Holdings, Inc.PHARMACEUTICAL PREPARATIONS	-0.33
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.29
STFS	Star Fashion Culture Holdings Limited Class A Ordinary Shares	-0.28

Frequently asked questions about FNWD correlations

Which stocks are most correlated with FNWD?: Based on one year of daily returns, the stocks most correlated with Finward Bancorp Common Stock (FNWD) are FCBC (0.39), FMNB (0.37) and WAB (0.36). 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 FNWD?: Over the past year, the stocks most inversely correlated with Finward Bancorp Common Stock (FNWD) are RBKB (-0.41), WETO (-0.33) and CPHI (-0.33). 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 FNWD correlations calculated?: We compute the correlation of daily returns between FNWD 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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