Sandy Spring Correlations

SASRDelisted Stock

USD 27.95 0.79 2.91%

The correlation of Sandy Spring 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.

Sandy Spring Correlation With Market

Excellent diversification

The correlation between Sandy Spring Bancorp and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sandy Spring Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Sandy Stock

0.69	DSKYF	Daiichi Sankyo	Pair Corr
0.8	MSFT	Microsoft	Pair Corr
0.86	HPQ	HP Inc	Pair Corr

Moving against Sandy Stock

0.9	CVX	Chevron Corp	Pair Corr
0.81	CAT	Caterpillar	Pair Corr
0.8	JNJ	Johnson Johnson	Pair Corr
0.79	INTC	Intel	Pair Corr
0.78	BKKPF	Bangkok Bank Public	Pair Corr
0.75	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.73	SGIOF	Shionogi	Pair Corr
0.71	ARE	Alexandria Real Estate Downward Rally	Pair Corr
0.69	MRK	Merck Company	Pair Corr
0.66	WMT	Walmart Common Stock Earnings Call This Week	Pair Corr
0.64	OPHLF	Ono Pharmaceutical	Pair Corr
0.57	VZ	Verizon Communications Aggressive Push	Pair Corr
0.53	MZDAF	Mazda Motor	Pair Corr
0.45	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.34	SNPHF	Santen Pharmaceutical	Pair Corr
0.33	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	FRC	BHLB	TFIN	NIC	MBIN	HTLF	FBMS	BRKL	OCFC
FRC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FRC
BHLB	0.0		0.35	0.52	0.59	0.47	0.48	0.7	0.75	BHLB
TFIN	0.0	0.35		0.61	0.65	0.08	0.03	0.4	0.25	TFIN
NIC	0.0	0.52	0.61		0.88	0.24	-0.27	0.38	0.36	NIC
MBIN	0.0	0.59	0.65	0.88		0.33	-0.03	0.54	0.44	MBIN
HTLF	0.0	0.47	0.08	0.24	0.33		0.42	0.51	0.59	HTLF
FBMS	0.0	0.48	0.03	-0.27	-0.03	0.42		0.51	0.61	FBMS
BRKL	0.0	0.7	0.4	0.38	0.54	0.51	0.51		0.61	BRKL
OCFC	0.0	0.75	0.25	0.36	0.44	0.59	0.61	0.61		OCFC
	FRC	BHLB	TFIN	NIC	MBIN	HTLF	FBMS	BRKL	OCFC

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

MBIN	+ 0.88	NIC
OCFC	+ 0.75	BHLB
BRKL	+ 0.7	BHLB
MBIN	+ 0.65	TFIN
NIC	+ 0.61	TFIN
OCFC	+ 0.61	FBMS

High negative correlations

FBMS	- 0.27	NIC
FBMS	- 0.03	MBIN
OCFC	- 0.0	FRC
BRKL	- 0.0	FRC
FBMS	- 0.0	FRC
HTLF	- 0.0	FRC

Risk-Adjusted Indicators

There is a big difference between Sandy Stock performing well and Sandy Spring 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 Sandy Spring'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
FRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BHLB	1.23	0.15	0.03	(0.64)	1.30	(1.41)	3.34	(2.04)	7.41
TFIN	2.08	0.21	0.13	0.19	2.07	(2.28)	5.20	(3.53)	14.60
NIC	1.31	0.22	0.15	0.31	1.16	(1.53)	2.95	(2.36)	13.07
MBIN	1.79	0.51	0.28	0.49	1.41	(2.12)	4.26	(2.97)	17.09
HTLF	1.58	0.26	0.09	(1.28)	1.51	(1.98)	3.53	(2.52)	19.68
FBMS	1.29	0.01	0.00	0.06	0.00	0.00	2.88	(3.15)	8.53
BRKL	1.27	0.07	0.00	0.29	1.30	(1.56)	2.62	(1.88)	6.45
OCFC	1.37	0.08	0.01	0.35	1.74	(1.53)	3.59	(2.21)	11.43

Sandy Spring Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sandy Spring stock to make a market-neutral strategy. Peer analysis of Sandy Spring could also be used in its relative valuation, which is a method of valuing Sandy Spring by comparing valuation metrics with similar companies.

FIRST REP BK Berkshire Hills Bancorp Triumph Financial Nicolet Bankshares Merchants Bancorp Heartland Financial USA The First Bancshares Brookline Bancorp OceanFirst Financial Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Sandy Spring Corporate Management

CPA CPA	Ex CFO	Profile
Ronda McDowell	Chief Credit Officer of the Bank	Profile
Kenneth Cook	Ex Bank	Profile
Charlie Cullum	Deputy Treasurer	Profile
Aaron JD	Executive Officer	Profile

Still Interested in Sandy Spring Bancorp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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