SouthState Correlations

SSB Stock

USD 92.62 0.12 0.13%

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

Very weak diversification

The correlation between SouthState and DJI is 0.5 (i.e., Very weak 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

0.82	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp	Pair Corr
0.62	NU	Nu Holdings Aggressive Push	Pair Corr
0.92	PB	Prosperity Bancshares	Pair Corr
0.88	RF	Regions Financial	Pair Corr
0.61	VABK	Virginia National	Pair Corr
0.8	VBNK	VersaBank	Pair Corr
0.85	VBTX	Veritex Holdings	Pair Corr
0.8	EBTC	Enterprise Bancorp	Pair Corr
0.79	EFSC	Enterprise Financial	Pair Corr
0.85	EGBN	Eagle Bancorp	Pair Corr
0.87	WASH	Washington Trust Bancorp	Pair Corr
0.95	EQBK	Equity Bancshares,	Pair Corr
0.62	ESSA	ESSA Bancorp	Pair Corr
0.78	TFINP	Triumph Financial	Pair Corr
0.87	EVBN	Evans Bancorp	Pair Corr
0.86	EWBC	East West Bancorp	Pair Corr
0.94	WMPN	William Penn Bancorp	Pair Corr

Moving against SouthState Stock

0.72	VBFC	Village Bank	Pair Corr
0.36	TECTP	Tectonic Financial	Pair Corr
0.58	FCAP	First Capital	Pair Corr
0.33	BANFP	BFC Capital Trust	Pair Corr

Related Correlations Analysis

	UCBI	PNFP	SFST	SMBK	WSFS	SFBS	FBNC	IBOC	HTH	FBK
UCBI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	UCBI
PNFP	0.0		0.47	0.66	0.77	0.75	0.73	0.69	0.06	0.86	PNFP
SFST	0.0	0.47		0.09	0.56	0.5	0.91	0.56	-0.11	0.81	SFST
SMBK	0.0	0.66	0.09		0.77	0.8	0.36	0.66	0.7	0.49	SMBK
WSFS	0.0	0.77	0.56	0.77		0.91	0.79	0.87	0.55	0.84	WSFS
SFBS	0.0	0.75	0.5	0.8	0.91		0.73	0.93	0.58	0.8	SFBS
FBNC	0.0	0.73	0.91	0.36	0.79	0.73		0.77	0.06	0.96	FBNC
IBOC	0.0	0.69	0.56	0.66	0.87	0.93	0.77		0.46	0.82	IBOC
HTH	0.0	0.06	-0.11	0.7	0.55	0.58	0.06	0.46		0.08	HTH
FBK	0.0	0.86	0.81	0.49	0.84	0.8	0.96	0.82	0.08		FBK
	UCBI	PNFP	SFST	SMBK	WSFS	SFBS	FBNC	IBOC	HTH	FBK

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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

FBK	+ 0.96	FBNC
IBOC	+ 0.93	SFBS
FBNC	+ 0.91	SFST
SFBS	+ 0.91	WSFS
IBOC	+ 0.87	WSFS
FBK	+ 0.86	PNFP

High negative correlations

HTH	- 0.11	SFST
FBK	- 0.0	UCBI
HTH	- 0.0	UCBI
IBOC	- 0.0	UCBI
FBNC	- 0.0	UCBI
SFBS	- 0.0	UCBI

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
UCBI	0.00	0.00	0.00	0.00	0.00	0.00
PNFP	1.40	(0.11)	(0.17)	1.68	(3.44)	11.12
SFST	1.77	(0.28)	(0.33)	2.79	(3.65)	9.85
SMBK	1.28	(0.06)	(0.15)	2.36	(2.68)	12.01
WSFS	1.38	(0.07)	(0.14)	2.73	(3.66)	7.10
SFBS	1.46	(0.07)	(0.15)	2.67	(3.23)	8.51
FBNC	1.28	(0.16)	(0.25)	2.17	(3.67)	8.65
IBOC	1.22	(0.08)	(0.18)	2.32	(2.66)	6.66
HTH	1.20	0.04	(0.05)	2.57	(2.72)	7.43
FBK	1.33	(0.15)	(0.22)	2.16	(3.19)	8.42

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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