CNOB vs MYFW: Correlation
ConnectOne Bancorp, Inc. (CNOB) and First Western Financial, Inc. (MYFW) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNOB and MYFW?
Over the past 3 years, CNOB and MYFW moved with a correlation of 0.65, which is strong. The past 12 months show a weaker link (0.42) than the 3-year average (0.65). Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 760.2 %².
By 3-year correlation, MYFW places #8 of the 17 assets tracked against CNOB. The trailing year gives MYFW the advantage: +27.5% versus +33.1%, a 5.6-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CNOB vs MYFW: side by side
| CNOB (ConnectOne Bancorp, Inc.) | MYFW (First Western Financial, Inc.) | |
|---|---|---|
| 1-year return | +27.5% | +33.1% |
| 5-year return | +28.9% | +13.7% |
| Volatility (ann.) | 33.9% | 34.7% |
| Beta vs S&P 500 | 0.94 | 1.08 |
| Max drawdown (3Y) | -26.6% | -37.4% |
| Market cap | $1.6B | $0.3B |
| P/E (trailing) | 9.9 | 16.5 |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNOB | MYFW |
|---|---|---|
| 2022 | -24.4% | -7.3% |
| 2023 | -1.8% | -29.6% |
| 2024 | +3.3% | -1.4% |
| 2025 | +17.8% | +37.1% |
| 2026 | +24.1% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNOB and MYFW good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CNOB and MYFW?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.42 over the last year and 0.63 over 5 years.
Is MYFW a good diversifier for CNOB?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnob-vs-myfw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnob-vs-myfw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNOB correlations · MYFW correlations
