Summit Bank Correlations
| SBKO Stock | USD 13.95 0.22 1.60% |
The current 90-days correlation between Summit Bank Group and Savi Financial is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Bank Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Summit Bank Correlation With Market
Good diversification
The correlation between Summit Bank Group and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Summit Bank Group and DJI in the same portfolio, assuming nothing else is changed.
Summit |
The ability to find closely correlated positions to Summit Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Summit Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Summit Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Summit Bank Group to buy it.
Moving together with Summit Pink Sheet
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| 0.73 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.63 | MNPR | Monopar Therapeutics Trending | PairCorr |
| 0.62 | MSFT | Microsoft Earnings Call This Week | PairCorr |
Moving against Summit Pink Sheet
| 0.73 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.73 | BBAS3 | Banco do Brasil | PairCorr |
| 0.68 | DPSTF | Deutsche Post AG | PairCorr |
| 0.64 | BNPQY | BNP Paribas SA | PairCorr |
| 0.64 | HNHPF | Hon Hai Precision | PairCorr |
| 0.62 | BNPQF | BNP Paribas SA | PairCorr |
| 0.43 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.42 | VLKAF | Volkswagen AG | PairCorr |
| 0.37 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.33 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.32 | CIHHF | China Merchants Bank | PairCorr |
| 0.72 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.65 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.53 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.53 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.52 | HPQ | HP Inc | PairCorr |
| 0.48 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.39 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.36 | AA | Alcoa Corp | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Summit Pink Sheet performing well and Summit Bank 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 Summit Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SVVB | 0.11 | 0.03 | 0.00 | (0.58) | 0.00 | 0.34 | 1.40 | |||
| BKSC | 1.36 | (0.04) | 0.00 | 0.27 | 0.00 | 2.77 | 6.92 | |||
| PWBK | 0.97 | 0.04 | 0.00 | (0.28) | 1.87 | 2.75 | 20.12 | |||
| CBWA | 0.44 | 0.20 | 0.41 | (29.96) | 0.00 | 1.88 | 5.80 | |||
| MNMB | 0.76 | (0.05) | 0.00 | (0.56) | 0.00 | 1.30 | 11.13 | |||
| MVLY | 0.65 | 0.03 | 0.00 | (0.17) | 1.07 | 2.82 | 9.63 | |||
| HRBK | 2.08 | 0.79 | 0.16 | 2.96 | 1.65 | 7.60 | 23.13 | |||
| OSBK | 0.23 | 0.10 | 0.00 | 3.63 | 0.00 | 0.78 | 3.63 | |||
| MSBC | 1.04 | 0.22 | 0.00 | (0.48) | 0.00 | 3.50 | 7.79 | |||
| BOID | 1.45 | 0.76 | 0.00 | 0.54 | 0.00 | 1.95 | 40.44 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Summit Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Summit Bank Corporate Management
| Chris Hemmings | VP COO | Profile | |
| Vickie Cussins | Corp VP | Profile | |
| Darryl Dare | VP Technology | Profile | |
| Gary OConnell | VP Region | Profile | |
| Jamie Shulman | Market Washington | Profile | |
| Jennifer Bennett | Market Market | Profile | |
| Craig Wanichek | CEO Pres | Profile |