SouthState Correlations

SSB Stock

USD 96.99 0.82 0.84%

The current 90-days correlation between SouthState and ServisFirst Bancshares is 0.02 (i.e., Significant diversification). The correlation of SouthState 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.

SouthState Correlation With Market

Good diversification

The correlation between SouthState and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SouthState and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SouthState Stock

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

For information on how to trade SouthState Stock refer to our How to Trade SouthState Stock guide.

Moving together with SouthState Stock

0.9	AX	Axos Financial Earnings Call This Week	Pair Corr
0.92	BY	Byline Bancorp Earnings Call Tomorrow	Pair Corr
0.75	DB	Deutsche Bank AG Earnings Call Tomorrow	Pair Corr
0.67	KB	KB Financial Group	Pair Corr
0.74	NU	Nu Holdings	Pair Corr
0.89	PB	Prosperity Bancshares Earnings Call Today	Pair Corr
0.88	RF	Regions Financial Normal Trading	Pair Corr
0.78	WF	Woori Financial Group Earnings Call Today	Pair Corr
0.63	VABK	Virginia National	Pair Corr
0.87	VBTX	Veritex Holdings	Pair Corr
0.75	TECTP	Tectonic Financial	Pair Corr
0.87	TFC-PO	Truist Financial	Pair Corr
0.82	TFC-PR	Truist Financial	Pair Corr
0.86	CFG-PE	Citizens Financial	Pair Corr
0.81	CFG-PH	Citizens Financial Group,	Pair Corr
0.91	EFSC	Enterprise Financial	Pair Corr
0.75	EFSI	Eagle Financial Services Earnings Call Tomorrow	Pair Corr
0.69	EGBN	Eagle Bancorp Earnings Call Today	Pair Corr
0.71	KEY-PJ	KeyCorp	Pair Corr
0.74	KEY-PK	KeyCorp	Pair Corr
0.63	KEY-PL	KeyCorp	Pair Corr
0.84	WABC	Westamerica Bancorporation	Pair Corr
0.86	WAFD	Washington Federal	Pair Corr
0.85	WASH	Washington Trust Bancorp	Pair Corr
0.67	BANC-PF	Banc of California	Pair Corr
0.82	EQBK	Equity Bancshares,	Pair Corr
0.91	ESSA	ESSA Bancorp Earnings Call Today	Pair Corr
0.61	TFINP	Triumph Financial	Pair Corr
0.76	WSBCP	WesBanco Earnings Call Today	Pair Corr
0.86	WNEB	Western New England	Pair Corr
0.89	WSBC	WesBanco Earnings Call This Week	Pair Corr

Moving against SouthState Stock

0.33

FCAP

First Capital Earnings Call Tomorrow

Pair Corr

Related Correlations Analysis

	SFBS	HOMB	CCNE	SFNC	INDB	LKFN
SFBS		0.89	0.68	0.91	0.91	0.89	SFBS
HOMB	0.89		0.41	0.95	0.93	0.85	HOMB
CCNE	0.68	0.41		0.55	0.45	0.46	CCNE
SFNC	0.91	0.95	0.55		0.89	0.82	SFNC
INDB	0.91	0.93	0.45	0.89		0.92	INDB
LKFN	0.89	0.85	0.46	0.82	0.92		LKFN
	SFBS	HOMB	CCNE	SFNC	INDB	LKFN

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Risk-Adjusted Indicators

There is a big difference between SouthState Stock performing well and SouthState 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 SouthState's 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
SFBS	1.33	0.09	0.09	0.24	1.20	(1.61)	2.94	(1.97)	9.46
HOMB	1.07	0.04	0.04	0.21	0.99	(1.22)	3.16	(1.67)	6.90
CCNE	1.14	0.15	(0.04)	(0.60)	1.12	(1.25)	2.71	(1.86)	6.91
SFNC	1.21	(0.07)	(0.01)	0.11	1.44	(1.23)	2.84	(2.47)	7.82
INDB	1.49	0.09	0.11	0.23	1.34	(1.81)	4.17	(2.49)	9.17
LKFN	1.26	0.40	0.16	(1.38)	0.86	(1.58)	3.16	(1.69)	6.31

SouthState Corporate Management

Stephen Young	Senior Officer	Profile
Sara Arana	Senior Officer	Profile
Jonathan Kivett	Chief Credit Officer	Profile
John Corbett	CEO Director	Profile

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