SouthState Correlations

SSB Stock

USD 102.56 1.12 1.08%

The current 90-days correlation between SouthState and Comerica Incorporated is 0.03 (i.e., Significant diversification). 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 poor diversification

The correlation between SouthState and DJI is 0.89 (i.e., Very poor 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.

Build AI portfolio with SouthState Stock

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 producer price index.

For information on how to trade SouthState Stock refer to our How to Trade SouthState Stock guide.

Moving together with SouthState Stock

0.89	BIRG	Bank of Ireland	Pair Corr
0.96	AX	Axos Financial	Pair Corr
0.81	FFIN	First Financial Bank	Pair Corr
0.93	ASB	Associated Banc Corp	Pair Corr
0.93	CPF	Central Pacific Financial	Pair Corr
0.77	FSFG	First Savings Financial	Pair Corr
0.98	HWC	Hancock Whitney Corp	Pair Corr
0.98	FVCB	FVCBankcorp	Pair Corr
0.82	WBCPM	Westpac Banking	Pair Corr
0.95	MCB	Metropolitan Bank Holding	Pair Corr
0.99	MTB	MT Bank	Pair Corr
0.95	WBS	Webster Financial	Pair Corr
0.92	HFWA	Heritage Financial	Pair Corr
0.83	IBOC	International Bancshares	Pair Corr
0.98	ISTR	Investar Holding Corp	Pair Corr
0.9	LCNB	LCNB	Pair Corr
0.96	OVLY	Oak Valley Bancorp	Pair Corr
0.78	MBLPD	Macquarie Bank	Pair Corr
0.92	VBNK	VersaBank	Pair Corr
0.84	BFL	BSP Financial Group	Pair Corr
0.91	SFBS	ServisFirst Bancshares	Pair Corr
0.96	AROW	Arrow Financial	Pair Corr
0.95	TCBI	Texas Capital Bancshares	Pair Corr
0.89	BPRN	Bank Of Princeton	Pair Corr
0.79	TFSL	TFS Financial	Pair Corr
0.82	BWFG	Bankwell Financial	Pair Corr
0.8	CADE	Cadence Bancorp	Pair Corr
0.81	CFFI	CF Financial	Pair Corr

Moving against SouthState Stock

0.78	3YB	Postal Savings Bank	Pair Corr
0.42	BBC	BNK Banking	Pair Corr
0.36	NVNIW	Nvni Group Limited	Pair Corr
0.32	BKLRF	Berkeley Energy	Pair Corr

Related Correlations Analysis

	CMA	WBS	FHN	UMBF	ONB	WTFC	WAL	CFR	CFG
CMA		0.8	0.89	0.87	0.85	0.88	0.81	0.87	0.91	CMA
WBS	0.8		0.95	0.96	0.97	0.97	0.95	0.9	0.96	WBS
FHN	0.89	0.95		0.95	0.95	0.97	0.96	0.89	0.96	FHN
UMBF	0.87	0.96	0.95		0.99	0.98	0.97	0.96	0.99	UMBF
ONB	0.85	0.97	0.95	0.99		0.98	0.96	0.92	0.98	ONB
WTFC	0.88	0.97	0.97	0.98	0.98		0.97	0.95	0.99	WTFC
WAL	0.81	0.95	0.96	0.97	0.96	0.97		0.93	0.96	WAL
CFR	0.87	0.9	0.89	0.96	0.92	0.95	0.93		0.95	CFR
CFG	0.91	0.96	0.96	0.99	0.98	0.99	0.96	0.95		CFG
	CMA	WBS	FHN	UMBF	ONB	WTFC	WAL	CFR	CFG

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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMA	1.11	0.20	0.08	1.87	1.27	(1.25)	2.60	(2.15)	9.13
WBS	1.14	0.31	0.22	0.44	0.93	(1.33)	3.30	(1.78)	9.34
FHN	1.09	0.16	0.12	0.27	1.09	(1.27)	3.35	(1.80)	7.47
UMBF	1.24	0.23	0.21	0.31	0.87	(1.73)	3.61	(1.46)	6.43
ONB	1.21	0.20	0.15	0.27	1.13	(1.43)	2.93	(2.15)	7.78
WTFC	1.20	0.19	0.13	0.28	1.19	(1.37)	3.41	(1.72)	8.80
WAL	1.37	0.16	0.10	0.20	1.52	(1.36)	3.88	(2.94)	10.08
CFR	1.02	0.18	0.17	0.29	0.71	(1.30)	3.15	(1.28)	7.64
CFG	1.17	0.31	0.27	0.35	0.79	(1.39)	2.99	(1.80)	9.61

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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