Which stocks are most correlated with HFWA?

Based on one year of daily returns, the stocks most correlated with Heritage Financial Corp (HFWA) are QABA (0.86), STBA (0.83) and NBTB (0.83). 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 HFWA?

Over the past year, the stocks most inversely correlated with Heritage Financial Corp (HFWA) are SKRE (-0.82), SDD (-0.60) and SBB (-0.59). A negative correlation means the two stocks have tended to move in opposite directions.

Heritage Financial Corp (HFWA) — Stock Correlations & Overview

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

Stocks correlated with HFWA

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

Most correlated with HFWA

Symbol	Company	Correlation
QABA	First Trust NASDAQ ABA Community Bank Index Fund	0.86
STBA	S&T Bancorp IncSTATE COMMERCIAL BANKS	0.83
NBTB	NBT Bancorp IncNATIONAL COMMERCIAL BANKS	0.83
FULT	Fulton Financial CorpNATIONAL COMMERCIAL BANKS	0.83
BUSE	First Busey Corporation Class A Common StockSTATE COMMERCIAL BANKS	0.83

Most inversely correlated with HFWA

Symbol	Company	Correlation
SKRE	Tuttle Capital Daily 2X Inverse Regional Banks ETF	-0.82
SDD	ProShares UltraShort SmallCap600	-0.60
SBB	ProShares Short SmallCap600	-0.59
FAZ	Direxion Daily Financial Bear 3x ETF	-0.52
SKF	ProShares UltraShort Financials	-0.51

Frequently asked questions about HFWA correlations

Which stocks are most correlated with HFWA?: Based on one year of daily returns, the stocks most correlated with Heritage Financial Corp (HFWA) are QABA (0.86), STBA (0.83) and NBTB (0.83). 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 HFWA?: Over the past year, the stocks most inversely correlated with Heritage Financial Corp (HFWA) are SKRE (-0.82), SDD (-0.60) and SBB (-0.59). 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 HFWA correlations calculated?: We compute the correlation of daily returns between HFWA 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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