First Northwest Correlations

FNWB Stock

USD 9.73 0.12 1.22%

The current 90-days correlation between First Northwest Bancorp and Asure Software is -0.09 (i.e., Good diversification). The correlation of First Northwest 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.

First Northwest Correlation With Market

Modest diversification

The correlation between First Northwest Bancorp and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Northwest Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with First Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Northwest Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with First Stock

0.84	BIRG	Bank of Ireland	Pair Corr
0.92	TMB	Tamilnad Mercantile Bank	Pair Corr
0.93	DCBBANK	DCB Bank Limited	Pair Corr
0.73	WBCPM	Westpac Banking	Pair Corr
0.64	UCOBANK	UCO Bank	Pair Corr
0.63	YESBANK	Yes Bank Limited	Pair Corr
0.94	AUBANK	AU Small Finance	Pair Corr
0.92	SBID	State Bank	Pair Corr
0.73	601187	Xiamen Bank	Pair Corr
0.73	MAHABANK	Bank of Maharashtra	Pair Corr
0.67	601665	Qilu Bank	Pair Corr
0.7	CENTRALBK	Central Bank	Pair Corr
0.82	RBLBANK	RBL Bank Limited	Pair Corr
0.87	PNB	Punjab National Bank	Pair Corr

Moving against First Stock

0.93	SSB	SouthState	Pair Corr
0.91	INBK	First Internet Bancorp	Pair Corr
0.86	EBMT	Eagle Bancorp Montana	Pair Corr
0.85	EFSC	Enterprise Financial	Pair Corr
0.83	MTRO	Metro Bank PLC	Pair Corr
0.79	AUB	Atlantic Union Bankshares	Pair Corr
0.7	PNC	PNC Financial Services	Pair Corr
0.62	ICICIBANK	ICICI Bank Limited	Pair Corr
0.56	601658	Postal Savings Bank	Pair Corr
0.51	FHN	First Horizon National	Pair Corr
0.44	HTB	HomeTrust Bancshares, Symbol Change	Pair Corr
0.4	BFC	Bank First National	Pair Corr
0.9	BYFC	Broadway Financial	Pair Corr
0.89	CARE	Carter Bank Normal Trading	Pair Corr
0.84	SFNC	Simmons First National	Pair Corr
0.79	SACH	Sachem Capital Corp	Pair Corr
0.76	SFBC	Sound Financial Bancorp	Pair Corr
0.59	OPHC	OptimumBank Holdings,	Pair Corr
0.54	BANDHANBNK	Bandhan Bank Limited	Pair Corr

Related Correlations Analysis

	AQNB	TTWO	GWRE	SNDVF	SWONF	ASUR	MGIC
AQNB		0.39	-0.05	-0.44	0.77	0.07	0.47	AQNB
TTWO	0.39		0.55	-0.21	0.47	0.42	-0.38	TTWO
GWRE	-0.05	0.55		0.25	0.13	0.21	-0.54	GWRE
SNDVF	-0.44	-0.21	0.25		-0.05	-0.53	-0.32	SNDVF
SWONF	0.77	0.47	0.13	-0.05		-0.09	0.15	SWONF
ASUR	0.07	0.42	0.21	-0.53	-0.09		-0.18	ASUR
MGIC	0.47	-0.38	-0.54	-0.32	0.15	-0.18		MGIC
	AQNB	TTWO	GWRE	SNDVF	SWONF	ASUR	MGIC

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

SWONF	+ 0.77	AQNB
GWRE	+ 0.55	TTWO
MGIC	+ 0.47	AQNB
SWONF	+ 0.47	TTWO
ASUR	+ 0.42	TTWO
TTWO	+ 0.39	AQNB

High negative correlations

MGIC	- 0.54	GWRE
ASUR	- 0.53	SNDVF
SNDVF	- 0.44	AQNB
MGIC	- 0.38	TTWO
MGIC	- 0.32	SNDVF
SNDVF	- 0.21	TTWO

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Northwest 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 First Northwest'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
AQNB	0.22	0.02	(0.11)	0.25	0.21	(0.25)	0.47	(0.51)	1.56
TTWO	1.11	0.04	0.02	0.10	1.74	(1.14)	2.84	(1.84)	12.57
GWRE	1.45	0.02	(0.01)	0.14	1.60	(1.75)	2.02	(2.42)	25.50
SNDVF	0.53	0.07	0.00	(0.76)	0.58	(2.58)	3.55	(1.82)	6.28
SWONF	1.76	0.32	0.05	(1.22)	1.99	(4.17)	5.34	(4.52)	20.46
ASUR	1.75	(0.13)	0.00	(0.03)	0.00	0.00	3.59	(3.51)	13.40
MGIC	1.70	0.14	0.06	0.23	2.02	(1.85)	4.21	(3.58)	12.49

First Northwest Corporate Executives

Elected by the shareholders, the First Northwest's board of directors comprises two types of representatives: First Northwest inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Northwest's management team and ensure that shareholders' interests are well served. First Northwest's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Northwest's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Phyllis Nomura	CFO VP	Profile
	Geraldine CPA	Executive COO	Profile

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