Southeastern Banking Correlations

SEBC Stock

USD 24.30 0.01 0.04%

The current 90-days correlation between Southeastern Banking Corp and Zions Bancorporation is -0.03 (i.e., Good diversification). The correlation of Southeastern Banking 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.

Southeastern Banking Correlation With Market

Very good diversification

The correlation between Southeastern Banking Corp and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southeastern Banking Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Southeastern Banking could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Southeastern Banking when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Southeastern Banking - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Southeastern Banking Corp to buy it.

Moving together with Southeastern Pink Sheet

0.68	WMT	Walmart Aggressive Push	Pair Corr
0.76	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.84	EXCH	Exchange Bankshares	Pair Corr

Moving against Southeastern Pink Sheet

0.86	BBDC4	Banco Bradesco SA	Pair Corr
0.83	HNHPF	Hon Hai Precision	Pair Corr
0.71	DPSTF	Deutsche Post AG	Pair Corr
0.43	BNPQF	BNP Paribas SA	Pair Corr
0.42	BNPQY	BNP Paribas SA	Pair Corr
0.36	BBAS3	Banco do Brasil	Pair Corr
0.9	JNJ	Johnson Johnson	Pair Corr
0.86	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.83	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.65	KO	Coca Cola Earnings Call This Week	Pair Corr
0.5	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	ZION	HBAN	CMA	WAL	USB	TFC	PNC	KEY
ZION		0.98	0.86	0.89	0.84	0.94	0.96	0.8	ZION
HBAN	0.98		0.85	0.86	0.83	0.93	0.97	0.81	HBAN
CMA	0.86	0.85		0.85	0.88	0.78	0.92	0.89	CMA
WAL	0.89	0.86	0.85		0.8	0.9	0.89	0.77	WAL
USB	0.84	0.83	0.88	0.8		0.73	0.88	0.8	USB
TFC	0.94	0.93	0.78	0.9	0.73		0.91	0.73	TFC
PNC	0.96	0.97	0.92	0.89	0.88	0.91		0.87	PNC
KEY	0.8	0.81	0.89	0.77	0.8	0.73	0.87		KEY
	ZION	HBAN	CMA	WAL	USB	TFC	PNC	KEY

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Risk-Adjusted Indicators

There is a big difference between Southeastern Pink Sheet performing well and Southeastern Banking 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 Southeastern Banking'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
ZION	1.51	0.15	0.07	0.40	1.50	(2.05)	3.05	(2.46)	21.53
HBAN	1.18	0.16	0.08	0.53	1.16	(1.54)	2.58	(1.81)	17.97
CMA	1.54	0.08	0.02	0.22	1.76	(1.78)	3.18	(3.10)	16.68
WAL	1.76	0.06	0.02	0.16	1.80	(2.37)	3.91	(3.03)	19.53
USB	1.28	(0.05)	(0.04)	0.01	1.78	(1.34)	2.14	(2.70)	13.30
TFC	1.22	0.15	0.07	0.48	1.13	(1.48)	2.70	(1.82)	15.54
PNC	1.09	0.07	0.02	0.24	1.03	(1.40)	2.21	(1.95)	11.76
KEY	1.39	0.08	0.00	0.99	1.59	(1.62)	2.70	(2.28)	20.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in Southeastern Banking without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Southeastern Banking Corporate Management

Wanda Pitts	VP Sec	Profile
Mark Westberry	VP Operations	Profile
Darryl Cox	VP Operations	Profile
Bradford Brown	VP	Profile
Christopher Harper	VP Lending	Profile
Marvin Pipkin	Legal Counsel	Profile
Caitlin Jarriel	Chief VP	Profile

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