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.
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

  0.92AX Axos Financial Earnings Call This WeekPairCorr
  0.95BY Byline Bancorp Earnings Call TodayPairCorr
  0.75DB Deutsche Bank AG Earnings Call TodayPairCorr
  0.65KB KB Financial GroupPairCorr
  0.75NU Nu HoldingsPairCorr
  0.91PB Prosperity BancsharesPairCorr
  0.91RF Regions Financial Normal TradingPairCorr
  0.78WF Woori Financial GroupPairCorr
  0.63VABK Virginia NationalPairCorr
  0.88VBTX Veritex HoldingsPairCorr
  0.71TECTP Tectonic FinancialPairCorr
  0.88TFC-PO Truist FinancialPairCorr
  0.84TFC-PR Truist FinancialPairCorr
  0.88CFG-PE Citizens FinancialPairCorr
  0.84CFG-PH Citizens Financial Group,PairCorr
  0.94EFSC Enterprise FinancialPairCorr
  0.72EFSI Eagle Financial Services Earnings Call TodayPairCorr
  0.75EGBN Eagle BancorpPairCorr
  0.73KEY-PJ KeyCorpPairCorr
  0.77KEY-PK KeyCorpPairCorr
  0.63KEY-PL KeyCorpPairCorr
  0.86WABC Westamerica BancorporationPairCorr
  0.86WAFD Washington FederalPairCorr
  0.88WASH Washington Trust BancorpPairCorr
  0.64BANC-PF Banc of CaliforniaPairCorr
  0.82EQBK Equity Bancshares,PairCorr
  0.96ESSA ESSA BancorpPairCorr
  0.63TFINP Triumph FinancialPairCorr
  0.91EWBC East West BancorpPairCorr
  0.75WSBCP WesBancoPairCorr
  0.83WNEB Western New EnglandPairCorr
  0.66WSBF Waterstone Financial Normal TradingPairCorr

Moving against SouthState Stock

  0.36TFC-PI Truist FinancialPairCorr

Related Correlations Analysis

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.

SouthState Corporate Management

Stephen YoungSenior OfficerProfile
Sara AranaSenior OfficerProfile
Jonathan KivettChief Credit OfficerProfile
John CorbettCEO DirectorProfile