SouthState Correlations
SSB Stock | USD 97.22 1.13 1.15% |
The current 90-days correlation between SouthState and ServisFirst Bancshares is 0.83 (i.e., Very poor 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
Poor diversification
The correlation between SouthState and DJI is 0.72 (i.e., Poor 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.
SouthState | Build AI portfolio with SouthState Stock |
Moving together with SouthState Stock
0.92 | AX | Axos Financial Earnings Call This Week | PairCorr |
0.95 | BY | Byline Bancorp Earnings Call Today | PairCorr |
0.75 | DB | Deutsche Bank AG Earnings Call Today | PairCorr |
0.65 | KB | KB Financial Group | PairCorr |
0.75 | NU | Nu Holdings | PairCorr |
0.91 | PB | Prosperity Bancshares | PairCorr |
0.91 | RF | Regions Financial Normal Trading | PairCorr |
0.78 | WF | Woori Financial Group | PairCorr |
0.63 | VABK | Virginia National | PairCorr |
0.88 | VBTX | Veritex Holdings | PairCorr |
0.71 | TECTP | Tectonic Financial | PairCorr |
0.88 | TFC-PO | Truist Financial | PairCorr |
0.84 | TFC-PR | Truist Financial | PairCorr |
0.88 | CFG-PE | Citizens Financial | PairCorr |
0.84 | CFG-PH | Citizens Financial Group, | PairCorr |
0.94 | EFSC | Enterprise Financial | PairCorr |
0.72 | EFSI | Eagle Financial Services Earnings Call Today | PairCorr |
0.75 | EGBN | Eagle Bancorp | PairCorr |
0.73 | KEY-PJ | KeyCorp | PairCorr |
0.77 | KEY-PK | KeyCorp | PairCorr |
0.63 | KEY-PL | KeyCorp | PairCorr |
0.86 | WABC | Westamerica Bancorporation | PairCorr |
0.86 | WAFD | Washington Federal | PairCorr |
0.88 | WASH | Washington Trust Bancorp | PairCorr |
0.64 | BANC-PF | Banc of California | PairCorr |
0.82 | EQBK | Equity Bancshares, | PairCorr |
0.96 | ESSA | ESSA Bancorp | PairCorr |
0.63 | TFINP | Triumph Financial | PairCorr |
0.91 | EWBC | East West Bancorp | PairCorr |
0.75 | WSBCP | WesBanco | PairCorr |
0.83 | WNEB | Western New England | PairCorr |
0.66 | WSBF | Waterstone Financial Normal Trading | PairCorr |
Moving against SouthState Stock
Related Correlations Analysis
0.9 | 0.95 | 0.84 | 0.91 | 0.94 | SFBS | ||
0.9 | 0.84 | 0.87 | 0.92 | 0.9 | HOMB | ||
0.95 | 0.84 | 0.83 | 0.84 | 0.87 | CCNE | ||
0.84 | 0.87 | 0.83 | 0.84 | 0.86 | SFNC | ||
0.91 | 0.92 | 0.84 | 0.84 | 0.95 | INDB | ||
0.94 | 0.9 | 0.87 | 0.86 | 0.95 | LKFN | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | 1.32 | 0.03 | 0.06 | 0.23 | 1.18 | 2.94 | 9.46 | |||
HOMB | 1.06 | (0.05) | (0.03) | 0.16 | 1.04 | 3.16 | 6.90 | |||
CCNE | 1.22 | (0.06) | 0.00 | 0.16 | 1.03 | 3.05 | 6.91 | |||
SFNC | 1.21 | 0.13 | (0.03) | 1.44 | 1.44 | 2.84 | 7.82 | |||
INDB | 1.48 | 0.01 | 0.08 | 0.21 | 1.33 | 4.17 | 9.17 | |||
LKFN | 1.21 | 0.08 | 0.10 | 0.27 | 0.85 | 3.16 | 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 |