SSB Bancorp Correlations

SSBP Stock

USD 12.49 0.41 3.39%

The current 90-days correlation between SSB Bancorp and Enterprise Financial Services is -0.02 (i.e., Good diversification). The correlation of SSB Bancorp 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.

SSB Bancorp Correlation With Market

Significant diversification

The correlation between SSB Bancorp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSB Bancorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SSB Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SSB Bancorp 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 SSB Bancorp - 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 SSB Bancorp to buy it.

Moving together with SSB Pink Sheet

0.68	CIHHF	China Merchants Bank	Pair Corr
0.73	MFG	Mizuho Financial	Pair Corr
0.85	ZPTA	Zapata Computing Holdings Tech Boost	Pair Corr
0.86	CX	Cemex SAB de	Pair Corr
0.74	ALVLF	Big Ridge Gold	Pair Corr
0.77	HL	Hecla Mining	Pair Corr
0.69	SHUFF	Shufersal Trending	Pair Corr
0.72	APGE	Apogee Therapeutics,	Pair Corr
0.78	BLMC	Biloxi Marsh Lands	Pair Corr
0.68	RLMD	Relmada Therapeutics	Pair Corr
0.85	GM	General Motors	Pair Corr
0.64	CRRFY	Carrefour SA PK	Pair Corr

Moving against SSB Pink Sheet

0.66	USB-PH	US Bancorp	Pair Corr
0.62	IBN	ICICI Bank Limited	Pair Corr
0.35	TKURF	Tokyu REIT	Pair Corr
0.46	WOLF	Wolfspeed,	Pair Corr
0.38	CYPS	Cyclo3pss	Pair Corr

Related Correlations Analysis

	QNTO	EFSG	APLO	CNAF	FRFC	WVFC	LKSB	WOBK	RBNK	HVLM
QNTO		0.57	-0.28	0.06	0.57	0.42	0.3	0.31	0.62	0.5	QNTO
EFSG	0.57		0.22	-0.26	0.78	0.74	-0.08	0.46	0.62	0.56	EFSG
APLO	-0.28	0.22		-0.61	0.3	0.39	-0.43	0.45	0.13	0.28	APLO
CNAF	0.06	-0.26	-0.61		-0.43	-0.53	0.0	-0.62	-0.47	-0.43	CNAF
FRFC	0.57	0.78	0.3	-0.43		0.73	-0.11	0.8	0.89	0.81	FRFC
WVFC	0.42	0.74	0.39	-0.53	0.73		-0.02	0.65	0.64	0.67	WVFC
LKSB	0.3	-0.08	-0.43	0.0	-0.11	-0.02		-0.1	0.06	-0.07	LKSB
WOBK	0.31	0.46	0.45	-0.62	0.8	0.65	-0.1		0.81	0.85	WOBK
RBNK	0.62	0.62	0.13	-0.47	0.89	0.64	0.06	0.81		0.75	RBNK
HVLM	0.5	0.56	0.28	-0.43	0.81	0.67	-0.07	0.85	0.75		HVLM
	QNTO	EFSG	APLO	CNAF	FRFC	WVFC	LKSB	WOBK	RBNK	HVLM

Please upgrade your account to get full access to Macroaxis premium features

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

RBNK	+ 0.89	FRFC
HVLM	+ 0.85	WOBK
HVLM	+ 0.81	FRFC
RBNK	+ 0.81	WOBK
WOBK	+ 0.8	FRFC
FRFC	+ 0.78	EFSG

High negative correlations

WOBK	- 0.62	CNAF
CNAF	- 0.61	APLO
WVFC	- 0.53	CNAF
RBNK	- 0.47	CNAF
HVLM	- 0.43	CNAF
FRFC	- 0.43	CNAF

Risk-Adjusted Indicators

There is a big difference between SSB Pink Sheet performing well and SSB Bancorp 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 SSB Bancorp'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
QNTO	1.13	0.20	0.05	(0.44)	1.32	(1.56)	2.88	(2.95)	11.45
EFSG	0.84	0.31	0.00	0.62	0.00	0.00	0.29	0.00	24.02
APLO	0.63	0.17	0.02	(0.27)	0.92	(1.75)	1.79	(1.24)	9.45
CNAF	0.98	(0.10)	0.00	(1.32)	0.00	0.00	1.90	(2.80)	7.17
FRFC	0.73	0.34	0.14	5.33	0.13	(1.61)	3.15	(0.20)	9.68
WVFC	0.57	0.03	(0.01)	0.19	0.86	(0.95)	1.63	(1.92)	5.18
LKSB	1.05	(0.14)	0.00	0.29	0.00	0.00	0.00	(2.00)	20.28
WOBK	0.82	0.24	0.00	(3.88)	0.00	0.00	4.20	(0.40)	13.20
RBNK	0.79	0.17	0.00	0.76	0.00	0.00	4.00	(1.92)	9.97
HVLM	0.09	0.04	0.00	(1.09)	0.00	0.00	0.00	0.00	1.75

Be your own money manager

Our tools can tell you how much better you can do entering a position in SSB Bancorp 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.

Did you try this?

Run Sign In To Macroaxis Now

Sign In To Macroaxis

All Next

Launch Module

SSB Bancorp Corporate Management

Daniel IV	CEO Pres	Profile
Peter Stires	VP Lending	Profile
Benjamin Contrucci	Chief Officer	Profile
Frances Amorose	Accounting Sec	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC