NWFL vs TMP: Correlation
Measured on weekly returns over the past three years, Norwood Financial Corp. (NWFL) and Tompkins Financial Corporation (TMP) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWFL and TMP?
On 3 years of weekly data the NWFL/TMP correlation comes out at 0.73, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.73 over 3. The 5-year figure is 0.66, and annualized covariance runs at 726.9 %².
By 3-year correlation, TMP places #4 of the 13 assets tracked against NWFL. The trailing year gives TMP the advantage: +34.3% versus +41.8%, a 7.5-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.
NWFL vs TMP: side by side
| NWFL (Norwood Financial Corp.) | TMP (Tompkins Financial Corporation) | |
|---|---|---|
| 1-year return | +34.3% | +41.8% |
| 5-year return | +65.8% | +49.6% |
| Volatility (ann.) | 31.4% | 31.6% |
| Beta vs S&P 500 | 0.64 | 0.72 |
| Max drawdown (3Y) | -33.6% | -30.9% |
| Market cap | $0.4B | $1.4B |
| P/E (trailing) | 11.7 | 8.0 |
| Dividend yield | 3.78% | 2.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NWFL | TMP |
|---|---|---|
| 2022 | +34.1% | -4.4% |
| 2023 | +2.4% | -19.2% |
| 2024 | -13.6% | +17.8% |
| 2025 | +8.4% | +11.1% |
| 2026 | +25.3% | +37.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWFL and TMP good diversifiers for each other?
Only partially. A correlation of 0.73 means NWFL and TMP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NWFL and TMP?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.77 over the last year and 0.66 over 5 years.
Is TMP a good diversifier for NWFL?
Only partially. A correlation of 0.73 means NWFL and TMP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/nwfl-vs-tmp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nwfl-vs-tmp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NWFL correlations · TMP correlations
