HFBL vs WATT: Correlation
Measured on weekly returns over the past three years, Home Federal Bancorp, Inc. of Louisiana (HFBL) and Energous Corporation (WATT) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFBL and WATT?
Across a 3-year window, the weekly returns of HFBL and WATT correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.18 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -637.2 %².
WATT is close to the least connected end of HFBL's tracked universe, ranking #8 of 12. The last year tells two different stories: HFBL led by 55.4 percentage points, +102.0% for HFBL against +46.6% for WATT. Risk is not evenly split, since WATT carries 3.8 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.
HFBL vs WATT: side by side
| HFBL (Home Federal Bancorp, Inc. of Louisiana) | WATT (Energous Corporation) | |
|---|---|---|
| 1-year return | +102.0% | +46.6% |
| 5-year return | +67.8% | -99.2% |
| Volatility (ann.) | 30.5% | 117.2% |
| Beta vs S&P 500 | 0.12 | 1.35 |
| Max drawdown (3Y) | -28.6% | -95.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 2.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HFBL | WATT |
|---|---|---|
| 2022 | -14.2% | -33.1% |
| 2023 | -13.5% | -89.1% |
| 2024 | -8.9% | -44.8% |
| 2025 | +49.2% | -86.8% |
| 2026 | +44.7% | +196.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFBL and WATT good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between HFBL and WATT?
As of 2026-08-27, the correlation of weekly returns between HFBL and WATT is -0.18 over 3 years, -0.32 over 1 year and -0.15 over 5 years.
Is WATT a good diversifier for HFBL?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/hfbl-vs-watt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hfbl-vs-watt/)
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Related comparisons
Hubs: HFBL correlations · WATT correlations
