FNWD vs VTAK: Correlation
How closely do Finward Bancorp (FNWD) and Catheter Precision, Inc. (VTAK) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNWD and VTAK?
On 3 years of weekly data the FNWD/VTAK correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.21 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -865.9 %².
VTAK is close to the least connected end of FNWD's tracked universe, ranking #9 of 10. Correlation aside, the last 12 months split them widely, with FNWD ahead by 128.7 points (+37.0% versus -91.7%). Risk is not evenly split, since VTAK carries 5.6 times the volatility of the other side.
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.
FNWD vs VTAK: side by side
| FNWD (Finward Bancorp) | VTAK (Catheter Precision, Inc.) | |
|---|---|---|
| 1-year return | +37.0% | -91.7% |
| 5-year return | +17.8% | -100.0% |
| Volatility (ann.) | 27.1% | 152.1% |
| Beta vs S&P 500 | 0.12 | 1.39 |
| Max drawdown (3Y) | -23.5% | -99.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 1.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNWD | VTAK |
|---|---|---|
| 2022 | -18.5% | -92.4% |
| 2023 | -27.6% | -93.2% |
| 2024 | +13.4% | -88.7% |
| 2025 | +27.1% | -78.6% |
| 2026 | +23.1% | -88.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNWD and VTAK good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between FNWD and VTAK?
The FNWD/VTAK correlation stands at -0.21 on a 3-year window (1 year: -0.34, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is VTAK a good diversifier for FNWD?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fnwd-vs-vtak.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnwd-vs-vtak/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNWD correlations · VTAK correlations
