ServisFirst Bancshares Correlations

SFBS Stock

USD 83.00 0.02 0.02%

The current 90-days correlation between ServisFirst Bancshares and SouthState is 0.83 (i.e., Very poor diversification). The correlation of ServisFirst Bancshares 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ServisFirst Bancshares Correlation With Market

Poor diversification

The correlation between ServisFirst Bancshares and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ServisFirst Bancshares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ServisFirst Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ServisFirst Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy ServisFirst Stock please use our How to Invest in ServisFirst Bancshares guide.

Moving together with ServisFirst Stock

0.73	EGBN	Eagle Bancorp Earnings Call This Week	Pair Corr
0.62	WASH	Washington Trust Bancorp Earnings Call Tomorrow	Pair Corr
0.61	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr

Moving against ServisFirst Stock

0.39	TFC-PI	Truist Financial	Pair Corr
0.54	FCAP	First Capital Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SSB	PNFP	SFST	SMBK	SFNC	RNST	VBTX
SSB		0.67	0.88	0.63	0.65	0.62	0.88	SSB
PNFP	0.67		0.49	0.8	0.73	0.77	0.61	PNFP
SFST	0.88	0.49		0.48	0.48	0.54	0.83	SFST
SMBK	0.63	0.8	0.48		0.79	0.93	0.64	SMBK
SFNC	0.65	0.73	0.48	0.79		0.8	0.5	SFNC
RNST	0.62	0.77	0.54	0.93	0.8		0.64	RNST
VBTX	0.88	0.61	0.83	0.64	0.5	0.64		VBTX
	SSB	PNFP	SFST	SMBK	SFNC	RNST	VBTX

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Risk-Adjusted Indicators

There is a big difference between ServisFirst Stock performing well and ServisFirst Bancshares 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 ServisFirst Bancshares' 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
SSB	1.28	0.11	0.08	0.22	1.27	(1.40)	3.44	(2.67)	8.41
PNFP	1.30	0.18	0.15	0.26	1.27	(1.52)	3.30	(2.02)	8.87
SFST	1.76	0.26	0.15	0.35	1.53	(2.00)	3.93	(2.72)	13.20
SMBK	1.21	0.46	0.21	(0.88)	0.88	(1.50)	2.67	(2.02)	9.82
SFNC	1.19	0.12	0.08	0.25	1.20	(1.29)	2.84	(2.34)	7.82
RNST	1.50	0.37	0.33	0.40	0.93	(2.03)	3.48	(1.89)	12.42
VBTX	1.60	0.53	0.40	0.58	0.79	(1.98)	3.71	(2.24)	22.78

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