SSB Bancorp Correlations

SSBP Stock

USD 12.62 0.47 3.87%

The current 90-days correlation between SSB Bancorp and Enterprise Financial Services is 0.1 (i.e., Average 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

Poor diversification

The correlation between SSB Bancorp and DJI is 0.72 (i.e., Poor 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

0.7	MFG	Mizuho Financial Earnings Call This Week	Pair Corr
0.81	PNC	PNC Financial Services	Pair Corr
0.72	MRK	Merck Company Earnings Call This Week	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.71	BA	Boeing	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr

Moving against SSB Pink Sheet

0.66	FSTF	First State Financial	Pair Corr
0.56	HDB	HDFC Bank Limited	Pair Corr
0.56	IBN	ICICI Bank Limited	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.6	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	QNTO	EFSG	APLO	CNAF	FRFC	WVFC	LKSB	WOBK	RBNK	HVLM
QNTO		0.8	0.62	0.3	0.9	0.76	-0.14	0.76	0.85	0.81	QNTO
EFSG	0.8		0.54	0.25	0.87	0.74	-0.2	0.48	0.69	0.62	EFSG
APLO	0.62	0.54		0.35	0.63	0.58	-0.48	0.41	0.37	0.57	APLO
CNAF	0.3	0.25	0.35		0.29	0.21	-0.45	0.27	0.13	0.48	CNAF
FRFC	0.9	0.87	0.63	0.29		0.75	-0.17	0.71	0.86	0.78	FRFC
WVFC	0.76	0.74	0.58	0.21	0.75		-0.14	0.53	0.66	0.6	WVFC
LKSB	-0.14	-0.2	-0.48	-0.45	-0.17	-0.14		0.1	0.06	-0.08	LKSB
WOBK	0.76	0.48	0.41	0.27	0.71	0.53	0.1		0.82	0.89	WOBK
RBNK	0.85	0.69	0.37	0.13	0.86	0.66	0.06	0.82		0.72	RBNK
HVLM	0.81	0.62	0.57	0.48	0.78	0.6	-0.08	0.89	0.72		HVLM
	QNTO	EFSG	APLO	CNAF	FRFC	WVFC	LKSB	WOBK	RBNK	HVLM

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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

FRFC	+ 0.9	QNTO
HVLM	+ 0.89	WOBK
FRFC	+ 0.87	EFSG
RBNK	+ 0.86	FRFC
RBNK	+ 0.85	QNTO
RBNK	+ 0.82	WOBK

High negative correlations

LKSB	- 0.48	APLO
LKSB	- 0.45	CNAF
LKSB	- 0.2	EFSG
LKSB	- 0.17	FRFC
LKSB	- 0.14	WVFC
LKSB	- 0.14	QNTO

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	1.11	0.51	0.21	(0.96)	0.75	(1.48)	2.96	(2.22)	12.70
EFSG	0.94	0.28	0.00	0.54	0.00	0.00	0.27	0.00	24.02
APLO	0.77	0.18	0.00	(4.36)	0.00	0.00	1.63	(1.24)	14.55
CNAF	0.82	(0.01)	(0.03)	0.05	1.09	(1.03)	1.96	(2.29)	5.73
FRFC	0.79	0.34	0.00	(2.23)	0.00	0.00	3.15	(0.64)	9.68
WVFC	0.69	0.04	0.01	0.13	1.13	(1.29)	2.69	(1.92)	10.36
LKSB	1.24	(0.02)	0.00	0.12	0.00	0.00	5.42	(4.00)	28.20
WOBK	0.69	0.24	0.00	(7.33)	0.00	0.00	2.78	0.00	13.20
RBNK	0.79	0.35	0.00	3.38	0.00	0.00	4.00	0.00	9.97
HVLM	0.10	0.04	0.00	1.62	0.00	0.00	0.00	0.00	2.01

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.

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SSB Bancorp Corporate Management

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

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