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

Good diversification

The correlation between Sandy Spring Bancorp and DJI is -0.09 (i.e., Good 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 population.

Moving together with Sandy Stock

0.71

ATT Inc

Pair Corr

Moving against Sandy Stock

0.9	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.79	BAC	Bank of America Earnings Call Today	Pair Corr
0.78	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.77	MFG	Mizuho Financial	Pair Corr
0.75	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.73	JPM	JPMorgan Chase	Pair Corr
0.73	BA	Boeing	Pair Corr
0.73	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.71	MUFG	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.69	MRK	Merck Company	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.66	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.6	DD	Dupont De Nemours	Pair Corr
0.59	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.55	CAT	Caterpillar	Pair Corr
0.53	MCD	McDonalds	Pair Corr
0.38	CVX	Chevron Corp	Pair Corr
0.36	KB	KB Financial Group	Pair Corr
0.34	CSCO	Cisco Systems	Pair Corr
0.33	TRV	The Travelers Companies Earnings Call This Week	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		0.08	-0.28	-0.09	0.47	0.48	0.7	-0.41	BHLB
TFIN	0.0	0.08		0.15	0.8	0.12	-0.49	0.15	0.41	TFIN
NIC	0.0	-0.28	0.15		0.54	-0.6	-0.26	-0.13	0.53	NIC
MBIN	0.0	-0.09	0.8	0.54		-0.23	-0.39	0.02	0.62	MBIN
HTLF	0.0	0.47	0.12	-0.6	-0.23		0.42	0.51	-0.36	HTLF
FBMS	0.0	0.48	-0.49	-0.26	-0.39	0.42		0.51	-0.29	FBMS
BRKL	0.0	0.7	0.15	-0.13	0.02	0.51	0.51		-0.31	BRKL
OCFC	0.0	-0.41	0.41	0.53	0.62	-0.36	-0.29	-0.31		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	+ 0.8	TFIN
BRKL	+ 0.7	BHLB
OCFC	+ 0.62	MBIN
MBIN	+ 0.54	NIC
OCFC	+ 0.53	NIC
BRKL	+ 0.51	HTLF

High negative correlations

HTLF	- 0.6	NIC
FBMS	- 0.49	TFIN
OCFC	- 0.41	BHLB
FBMS	- 0.39	MBIN
OCFC	- 0.36	HTLF
OCFC	- 0.31	BRKL

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	0.16	0.04	(0.38)	1.30	(1.41)	3.34	(2.04)	7.41
TFIN	2.11	0.37	0.20	0.30	1.76	(2.51)	5.83	(3.53)	16.33
NIC	1.48	(0.13)	0.00	(0.04)	0.00	0.00	2.95	(3.26)	10.97
MBIN	1.43	0.02	0.02	0.10	1.65	(1.48)	3.30	(2.81)	8.29
HTLF	1.58	0.23	0.09	1.13	1.51	(1.98)	3.53	(2.52)	19.68
FBMS	1.29	(0.02)	0.00	(0.29)	0.00	0.00	2.88	(3.15)	8.53
BRKL	1.27	0.08	0.01	0.44	1.30	(1.56)	2.62	(1.88)	6.45
OCFC	1.54	(0.10)	(0.03)	0.01	2.25	(1.56)	3.73	(4.07)	12.81

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 BHLB Old 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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