Southern First Correlations

SFST Stock

USD 33.23 0.44 1.31%

The current 90-days correlation between Southern First Bancshares and First Community is 0.54 (i.e., Very weak diversification). The correlation of Southern First 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.

Southern First Correlation With Market

Very weak diversification

The correlation between Southern First Bancshares and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern First Bancshares 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 Southern First 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 state.

Moving together with Southern Stock

0.89	AX	Axos Financial	Pair Corr
0.73	BY	Byline Bancorp	Pair Corr
0.66	RF	Regions Financial	Pair Corr
0.8	VABK	Virginia National	Pair Corr
0.72	VBNK	VersaBank	Pair Corr
0.89	VBTX	Veritex Holdings	Pair Corr
0.91	EGBN	Eagle Bancorp	Pair Corr
0.71	WABC	Westamerica Bancorporation	Pair Corr
0.86	WAFD	Washington Federal	Pair Corr
0.68	EQBK	Equity Bancshares,	Pair Corr
0.81	WAFDP	Washington Federal	Pair Corr
0.77	EVBN	Evans Bancorp	Pair Corr
0.64	WMPN	William Penn Bancorp	Pair Corr

Moving against Southern Stock

0.86	VBFC	Village Bank	Pair Corr
0.78	TECTP	Tectonic Financial	Pair Corr
0.77	DB	Deutsche Bank AG	Pair Corr
0.52	TFC-PO	Truist Financial	Pair Corr
0.52	EBMT	Eagle Bancorp Montana	Pair Corr
0.49	WF	Woori Financial Group	Pair Corr
0.49	TFC-PR	Truist Financial	Pair Corr
0.71	WSBCP	WesBanco	Pair Corr
0.68	KEY-PI	KeyCorp	Pair Corr
0.6	BANC-PF	Banc of California	Pair Corr
0.58	KEY-PL	KeyCorp	Pair Corr
0.4	KEY-PJ	KeyCorp	Pair Corr
0.36	CFG-PH	Citizens Financial Group,	Pair Corr

Related Correlations Analysis

	FCCO	OPOF	OVLY	CHMG	HBCP	LSBK	FNLC	CWBC	NKSH	OFED
FCCO		-0.39	0.44	0.58	0.91	0.12	0.35	0.61	0.55	0.0	FCCO
OPOF	-0.39		-0.42	0.11	-0.34	0.73	-0.55	-0.51	-0.72	0.0	OPOF
OVLY	0.44	-0.42		0.39	0.25	-0.41	0.83	0.69	0.5	0.0	OVLY
CHMG	0.58	0.11	0.39		0.64	0.41	0.35	0.63	0.27	0.0	CHMG
HBCP	0.91	-0.34	0.25	0.64		0.23	0.26	0.59	0.52	0.0	HBCP
LSBK	0.12	0.73	-0.41	0.41	0.23		-0.56	-0.3	-0.5	0.0	LSBK
FNLC	0.35	-0.55	0.83	0.35	0.26	-0.56		0.8	0.69	0.0	FNLC
CWBC	0.61	-0.51	0.69	0.63	0.59	-0.3	0.8		0.79	0.0	CWBC
NKSH	0.55	-0.72	0.5	0.27	0.52	-0.5	0.69	0.79		0.0	NKSH
OFED	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		OFED
	FCCO	OPOF	OVLY	CHMG	HBCP	LSBK	FNLC	CWBC	NKSH	OFED

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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

HBCP	+ 0.91	FCCO
FNLC	+ 0.83	OVLY
CWBC	+ 0.8	FNLC
NKSH	+ 0.79	CWBC
LSBK	+ 0.73	OPOF
CWBC	+ 0.69	OVLY

High negative correlations

NKSH	- 0.72	OPOF
FNLC	- 0.56	LSBK
FNLC	- 0.55	OPOF
CWBC	- 0.51	OPOF
NKSH	- 0.5	LSBK
OVLY	- 0.42	OPOF

Risk-Adjusted Indicators

There is a big difference between Southern Stock performing well and Southern First 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 Southern First'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
FCCO	1.31	(0.15)	0.00	(0.21)	0.00	0.00	3.41	(3.73)	10.26
OPOF	1.12	0.30	0.23	(1.12)	1.20	(1.32)	3.51	(1.51)	10.73
OVLY	1.48	(0.26)	0.00	(0.46)	0.00	0.00	2.38	(3.77)	11.49
CHMG	1.28	(0.15)	0.00	(0.38)	0.00	0.00	1.94	(2.96)	19.34
HBCP	1.36	(0.07)	0.00	(0.13)	0.00	0.00	2.82	(3.25)	8.36
LSBK	1.63	0.33	0.16	0.63	1.61	(2.29)	3.62	(3.16)	21.68
FNLC	1.22	(0.11)	0.00	(0.24)	0.00	0.00	2.33	(2.63)	7.41
CWBC	0.99	(0.21)	0.00	(0.33)	0.00	0.00	2.28	(2.17)	6.01
NKSH	1.51	(0.12)	0.00	(0.17)	0.00	0.00	3.81	(3.03)	10.80
OFED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Southern First Corporate Management

Frederick III	Executive Bank	Profile
Blair Miller	Executive Officer	Profile
William III	Senior Officer	Profile
Silvia King	Chief Officer	Profile

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