SouthState Correlations

SSB Stock

USD 95.28 0.49 0.51%

The current 90-days correlation between SouthState and Comerica Incorporated is 0.63 (i.e., Poor 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 weak diversification

The correlation between SouthState and DJI is 0.53 (i.e., Very weak 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 real.

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

Moving together with SouthState Stock

0.74	AX	Axos Financial	Pair Corr
0.92	EFSC	Enterprise Financial	Pair Corr
0.85	EGBN	Eagle Bancorp	Pair Corr
0.66	WSBC	WesBanco	Pair Corr
0.61	FBNC	First Bancorp	Pair Corr
0.74	FCBC	First Community Banc	Pair Corr
0.73	FFBC	First Financial Bancorp	Pair Corr
0.83	FFIN	First Financial Bank	Pair Corr

Moving against SouthState Stock

0.8	601997	Bank of Guiyang	Pair Corr
0.72	002142	Bank of Ningbo	Pair Corr
0.63	TFINP	Triumph Financial	Pair Corr
0.39	ECBK	ECB Bancorp	Pair Corr
0.64	FRMEP	First Merchants	Pair Corr
0.41	FNWB	First Northwest Bancorp	Pair Corr

Related Correlations Analysis

	CMA	WBS	FHN	UMBF	ONB	WTFC	WAL	CFR	CFG
CMA		0.73	0.63	0.33	0.63	0.76	0.35	0.59	0.79	CMA
WBS	0.73		0.93	0.74	0.97	0.97	0.87	0.88	0.97	WBS
FHN	0.63	0.93		0.81	0.94	0.91	0.86	0.88	0.88	FHN
UMBF	0.33	0.74	0.81		0.86	0.67	0.85	0.9	0.64	UMBF
ONB	0.63	0.97	0.94	0.86		0.93	0.92	0.94	0.92	ONB
WTFC	0.76	0.97	0.91	0.67	0.93		0.82	0.85	0.98	WTFC
WAL	0.35	0.87	0.86	0.85	0.92	0.82		0.86	0.8	WAL
CFR	0.59	0.88	0.88	0.9	0.94	0.85	0.86		0.82	CFR
CFG	0.79	0.97	0.88	0.64	0.92	0.98	0.8	0.82		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	1.23	0.31	0.19	0.30	1.43	(1.49)	2.74	(1.66)	19.74
WBS	1.18	0.01	0.02	0.09	1.85	(1.23)	3.07	(2.15)	11.02
FHN	1.23	0.03	0.02	0.10	2.37	(1.21)	2.55	(3.81)	12.00
UMBF	1.17	(0.10)	(0.03)	0.01	1.80	(1.41)	3.23	(3.22)	10.41
ONB	1.33	(0.04)	0.00	0.05	2.04	(1.43)	3.13	(1.98)	11.15
WTFC	1.28	0.03	0.03	0.09	1.68	(1.35)	2.62	(2.77)	8.64
WAL	1.70	(0.17)	0.00	(0.01)	0.00	0.00	4.13	(4.24)	16.04
CFR	1.00	(0.03)	(0.02)	0.05	1.39	(1.03)	2.61	(1.63)	7.78
CFG	1.15	0.08	0.06	0.13	1.76	(1.20)	2.65	(2.11)	9.49

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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