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

Very good diversification

The correlation between Sandy Spring Bancorp and DJI is -0.45 (i.e., Very 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 main economic indicators.

Moving together with Sandy Stock

0.72	PBCRF	PT Bank Central	Pair Corr
0.79	PBCRY	Bank Central Asia	Pair Corr

Moving against Sandy Stock

0.88	KB	KB Financial Group	Pair Corr
0.88	SHG	Shinhan Financial	Pair Corr
0.88	WF	Woori Financial Group	Pair Corr
0.82	OXY	Occidental Petroleum Sell-off Trend	Pair Corr
0.81	GEL	Genesis Energy LP	Pair Corr
0.79	TG	Tredegar	Pair Corr
0.79	VKQ	Invesco Municipal Trust	Pair Corr
0.76	RHHVF	Roche Holding AG	Pair Corr
0.74	SBKO	Summit Bank Group	Pair Corr
0.72	BKCYF	Bank Of Cyprus Holdings P	Pair Corr
0.71	VALE	Vale SA ADR	Pair Corr
0.62	BCO	Brinks Company	Pair Corr
0.61	VHI	Valhi Inc Earnings Call Today	Pair Corr
0.61	CMI	Cummins	Pair Corr
0.59	INGR	Ingredion Incorporated	Pair Corr
0.57	CGON	CG Oncology Common	Pair Corr
0.54	ESCA	Escalade Incorporated	Pair Corr
0.53	PPERY	Bank Mandiri Persero	Pair Corr
0.49	GL-PD	Globe Life 425	Pair Corr
0.49	ESTA	Establishment Labs	Pair Corr
0.47	TEAD	Teads BV Symbol Change	Pair Corr
0.46	MFGCF	Mayfair Gold Corp	Pair Corr
0.45	BKRKY	Bank Rakyat	Pair Corr
0.42	ADEA	ADEIA P	Pair Corr
0.37	CCL	Carnival	Pair Corr
0.32	BKRKF	PT Bank Rakyat	Pair Corr
0.91	TRP	TC Energy Corp	Pair Corr
0.88	OTSKY	Otsuka Holdings	Pair Corr
0.86	CRNZF	Cairn Energy PLC	Pair Corr
0.83	XYIGY	Xinyi Glass Holdings	Pair Corr
0.83	ALFVF	Alfa Laval AB	Pair Corr
0.82	TDY	Teledyne Technologies	Pair Corr
0.79	VOD	Vodafone Group PLC	Pair Corr
0.78	WLK	Westlake Chemical	Pair Corr
0.77	TWMIF	Tidewater Midstream and Earnings Call Today	Pair Corr
0.75	MEEEF	Metal Energy Corp	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		0.1	0.09	0.1	0.47	0.48	0.7	-0.6	BHLB
TFIN	0.0	0.1		-0.04	-0.02	0.1	0.43	0.09	-0.2	TFIN
NIC	0.0	0.09	-0.04		0.91	-0.12	-0.47	0.13	0.24	NIC
MBIN	0.0	0.1	-0.02	0.91		-0.04	-0.51	0.05	0.29	MBIN
HTLF	0.0	0.47	0.1	-0.12	-0.04		0.42	0.51	-0.23	HTLF
FBMS	0.0	0.48	0.43	-0.47	-0.51	0.42		0.51	-0.73	FBMS
BRKL	0.0	0.7	0.09	0.13	0.05	0.51	0.51		-0.7	BRKL
OCFC	0.0	-0.6	-0.2	0.24	0.29	-0.23	-0.73	-0.7		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	+ 0.91	NIC
BRKL	+ 0.7	BHLB
BRKL	+ 0.51	HTLF
BRKL	+ 0.51	FBMS
FBMS	+ 0.48	BHLB
HTLF	+ 0.47	BHLB

High negative correlations

OCFC	- 0.73	FBMS
OCFC	- 0.7	BRKL
OCFC	- 0.6	BHLB
FBMS	- 0.51	MBIN
FBMS	- 0.47	NIC
OCFC	- 0.23	HTLF

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	0.13	0.07	0.72	1.30	(1.41)	3.34	(2.04)	7.41
TFIN	2.36	0.13	0.05	0.08	3.26	(2.32)	5.20	(5.39)	16.05
NIC	1.48	0.27	0.18	0.28	1.32	(1.73)	2.95	(2.79)	13.63
MBIN	1.91	0.38	0.18	0.33	1.98	(2.17)	4.14	(3.82)	20.34
HTLF	1.58	0.27	0.12	(0.31)	1.51	(1.98)	3.53	(2.52)	19.68
FBMS	1.29	(0.01)	0.00	0.10	0.00	0.00	2.88	(3.15)	8.53
BRKL	1.27	0.11	0.05	(0.34)	1.30	(1.56)	2.62	(1.88)	6.45
OCFC	1.27	(0.04)	(0.02)	0.00	1.88	(1.36)	2.74	(2.84)	11.69

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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