Sandy Spring Correlations

Summary

SASRDelisted Stock

USD 27.95 0.79 2.91%

The current 90-days correlation between Sandy Spring Bancorp and Provident Financial Services is -0.03 (i.e., Good diversification). The correlation of Sandy Spring 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.

Sandy Spring Correlation With Market

Good diversification

The correlation between Sandy Spring Bancorp and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sandy Spring Bancorp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Sandy Stock

0.78

MCD

McDonalds

Pair Corr

Moving against Sandy Stock

0.79	CVX	Chevron Corp	Pair Corr
0.76	IBM	International Business	Pair Corr
0.74	EC	Ecopetrol SA ADR	Pair Corr
0.74	PTAIF	PT Astra International	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.61	BAC	Bank of America Earnings Call This Week	Pair Corr
0.59	DIS	Walt Disney	Pair Corr
0.58	AXP	American Express Earnings Call This Week	Pair Corr
0.55	INTC	Intel Aggressive Push	Pair Corr
0.53	GE	GE Aerospace	Pair Corr
0.42	MRK	Merck Company Aggressive Push	Pair Corr
0.4	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NRIM	PFS	CTBI	FIBK	BWFG	SHBI	BY	CVBF	PEBO	FRST
NRIM		0.85	0.92	0.8	0.97	0.96	0.83	0.83	0.9	0.9	NRIM
PFS	0.85		0.97	0.94	0.86	0.94	0.98	0.98	0.98	0.84	PFS
CTBI	0.92	0.97		0.93	0.91	0.98	0.94	0.96	0.98	0.92	CTBI
FIBK	0.8	0.94	0.93		0.78	0.88	0.9	0.93	0.9	0.84	FIBK
BWFG	0.97	0.86	0.91	0.78		0.95	0.85	0.84	0.91	0.84	BWFG
SHBI	0.96	0.94	0.98	0.88	0.95		0.91	0.92	0.97	0.92	SHBI
BY	0.83	0.98	0.94	0.9	0.85	0.91		0.97	0.97	0.76	BY
CVBF	0.83	0.98	0.96	0.93	0.84	0.92	0.97		0.97	0.79	CVBF
PEBO	0.9	0.98	0.98	0.9	0.91	0.97	0.97	0.97		0.85	PEBO
FRST	0.9	0.84	0.92	0.84	0.84	0.92	0.76	0.79	0.85		FRST
	NRIM	PFS	CTBI	FIBK	BWFG	SHBI	BY	CVBF	PEBO	FRST

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

Risk-Adjusted Indicators

There is a big difference between Sandy Stock performing well and Sandy Spring 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 Sandy Spring'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
NRIM	1.29	0.59	0.21	(2.79)	1.06	(1.55)	2.79	(1.62)	8.21
PFS	1.65	0.09	0.05	0.32	1.56	(2.02)	3.20	(2.12)	12.85
CTBI	1.11	0.13	0.04	0.43	1.02	(1.31)	2.63	(1.48)	8.14
FIBK	1.74	0.13	0.09	0.34	1.75	(2.14)	4.13	(2.81)	14.80
BWFG	1.49	0.57	0.10	(0.86)	1.57	(1.64)	4.41	(1.96)	16.14
SHBI	1.42	0.31	0.17	0.56	1.32	(1.76)	3.42	(1.72)	11.64
BY	1.23	0.05	0.01	0.29	1.33	(1.38)	3.19	(1.79)	10.07
CVBF	1.31	0.14	0.06	0.41	1.35	(1.48)	3.64	(2.38)	10.26
PEBO	1.12	0.10	0.02	0.37	1.07	(1.37)	3.07	(1.55)	7.85
FRST	1.59	0.24	0.12	0.47	1.71	(1.96)	4.11	(1.81)	15.16

View Sandy Spring Related Equities

Northrim BanCorp Provident Financial Services Community Trust Bancorp First Interstate BancSystem Bankwell Financial Group Shore Bancshares Byline Bancorp CVB Financial Peoples Bancorp Primis Financial Corp Equity Bancshares, National Bankshares Westamerica Bancorporation UMB Financial Trustmark

Risk & Return

Correlation

Sandy Spring Corporate Management

CPA CPA	Ex CFO	Profile
Ronda McDowell	Chief Credit Officer of the Bank	Profile
Kenneth Cook	Ex Bank	Profile
Charlie Cullum	Deputy Treasurer	Profile
Aaron JD	Executive Officer	Profile

Still Interested in Sandy Spring Bancorp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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