Summit State Correlations

SSBI Stock

USD 11.64 0.03 0.26%

The current 90-days correlation between Summit State Bank and Bank of the is -0.24 (i.e., Very good diversification). The correlation of Summit State 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.

Summit State Correlation With Market

Average diversification

The correlation between Summit State Bank and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Summit State Bank and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Summit Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit State Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Summit Stock

0.61	BEN	Bendigo and Adelaide	Pair Corr
0.69	EFSC	Enterprise Financial	Pair Corr
0.74	FFIN	First Financial Bank	Pair Corr

Moving against Summit Stock

0.83	002142	Bank of Ningbo	Pair Corr
0.76	601997	Bank of Guiyang	Pair Corr
0.74	ECBK	ECB Bancorp	Pair Corr
0.6	BIRG	Bank of Ireland	Pair Corr
0.54	TFINP	Triumph Financial	Pair Corr
0.52	WTBA	West Bancorporation	Pair Corr
0.32	WBCPK	Westpac Banking	Pair Corr
0.31	PB	Prosperity Bancshares	Pair Corr
0.31	WAFD	Washington Federal	Pair Corr
0.86	FRMEP	First Merchants	Pair Corr
0.71	FNWB	First Northwest Bancorp	Pair Corr
0.56	FNWD	Finward Bancorp	Pair Corr
0.45	FFIC	Flushing Financial	Pair Corr
0.45	FISI	Financial Institutions	Pair Corr
0.39	BKU	BankUnited	Pair Corr

Related Correlations Analysis

	BOTJ	FDSB	FUSB	UBCP	FNWB	IROQ	BYFC	NSTS	CASH	FSEA
BOTJ		0.46	0.81	0.28	0.93	0.84	-0.91	0.32	-0.06	0.69	BOTJ
FDSB	0.46		0.21	0.87	0.25	0.58	-0.27	0.89	0.74	0.69	FDSB
FUSB	0.81	0.21		0.11	0.8	0.59	-0.77	0.23	-0.14	0.51	FUSB
UBCP	0.28	0.87	0.11		0.11	0.39	-0.16	0.84	0.68	0.56	UBCP
FNWB	0.93	0.25	0.8	0.11		0.74	-0.93	0.1	-0.26	0.63	FNWB
IROQ	0.84	0.58	0.59	0.39	0.74		-0.74	0.44	0.13	0.75	IROQ
BYFC	-0.91	-0.27	-0.77	-0.16	-0.93	-0.74		-0.13	0.28	-0.63	BYFC
NSTS	0.32	0.89	0.23	0.84	0.1	0.44	-0.13		0.73	0.55	NSTS
CASH	-0.06	0.74	-0.14	0.68	-0.26	0.13	0.28	0.73		0.26	CASH
FSEA	0.69	0.69	0.51	0.56	0.63	0.75	-0.63	0.55	0.26		FSEA
	BOTJ	FDSB	FUSB	UBCP	FNWB	IROQ	BYFC	NSTS	CASH	FSEA

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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

FNWB	+ 0.93	BOTJ
NSTS	+ 0.89	FDSB
UBCP	+ 0.87	FDSB
IROQ	+ 0.84	BOTJ
NSTS	+ 0.84	UBCP
FUSB	+ 0.81	BOTJ

High negative correlations

BYFC	- 0.93	FNWB
BYFC	- 0.91	BOTJ
BYFC	- 0.77	FUSB
BYFC	- 0.74	IROQ
FSEA	- 0.63	BYFC
BYFC	- 0.27	FDSB

Risk-Adjusted Indicators

There is a big difference between Summit Stock performing well and Summit State 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 Summit State'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
BOTJ	1.10	0.25	0.13	1.79	1.18	(1.26)	2.78	(2.38)	9.56
FDSB	0.55	0.06	0.03	0.21	0.54	(0.65)	1.28	(1.14)	3.92
FUSB	1.65	0.11	0.02	2.19	2.17	(1.73)	3.27	(3.54)	14.68
UBCP	1.29	0.16	0.06	(1.96)	1.47	(1.45)	2.83	(2.05)	10.70
FNWB	1.14	0.38	0.34	0.49	0.64	(1.41)	2.95	(1.78)	11.46
IROQ	0.48	0.09	0.04	1.19	0.49	(0.55)	1.37	(0.78)	3.87
BYFC	1.68	(0.48)	0.00	(0.79)	0.00	0.00	3.06	(3.29)	13.62
NSTS	0.63	0.03	(0.02)	0.30	0.74	(0.80)	1.61	(1.55)	4.36
CASH	1.18	(0.13)	0.00	(0.06)	0.00	0.00	2.60	(2.06)	11.78
FSEA	1.29	0.20	0.06	4.84	1.76	(1.91)	3.11	(2.27)	25.19

Summit State Corporate Management

Brandy Seppi	Chief Credit Officer and Executive VP	Profile
Barbara Gradman	Corporate Secretary	Profile
Michael Floyd	Executive Officer	Profile
John Osborne	Senior Manager	Profile

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