Summit State Correlations

SSBI Stock

USD 13.67 0.07 0.51%

The current 90-days correlation between Summit State Bank and Bank of the is -0.21 (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

Poor diversification

The correlation between Summit State Bank and DJI is 0.78 (i.e., Poor 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

0.69	BIRG	Bank of Ireland	Pair Corr
0.88	AX	Axos Financial	Pair Corr
0.7	FFIN	First Financial Bank	Pair Corr
0.68	ASB	Associated Banc Corp	Pair Corr
0.64	CPF	Central Pacific Financial Normal Trading	Pair Corr
0.68	FSFG	First Savings Financial Earnings Call This Week	Pair Corr
0.78	HWC	Hancock Whitney Corp	Pair Corr
0.9	FVCB	FVCBankcorp	Pair Corr
0.77	WBCPM	Westpac Banking	Pair Corr
0.84	MCB	Metropolitan Bank Holding	Pair Corr
0.85	MTB	MT Bank	Pair Corr
0.7	WBS	Webster Financial Buyout Trend	Pair Corr
0.75	HFWA	Heritage Financial	Pair Corr
0.8	ISTR	Investar Holding Corp	Pair Corr
0.68	LCNB	LCNB	Pair Corr
0.86	OVLY	Oak Valley Bancorp	Pair Corr
0.66	MBLPD	Macquarie Bank	Pair Corr
0.83	VBNK	VersaBank	Pair Corr
0.93	BFL	BSP Financial Group	Pair Corr
0.89	SFBS	ServisFirst Bancshares	Pair Corr
0.68	AROW	Arrow Financial Normal Trading	Pair Corr
0.79	TCBI	Texas Capital Bancshares	Pair Corr
0.73	BPRN	Bank Of Princeton	Pair Corr
0.69	CADE	Cadence Bancorp	Pair Corr

Moving against Summit Stock

0.74	3YB	Postal Savings Bank	Pair Corr
0.42	BBC	BNK Banking	Pair Corr
0.35	BKLRF	Berkeley Energy	Pair Corr

Related Correlations Analysis

	BOTJ	FDSB	FUSB	UBCP	FNWB	IROQ	BYFC	NSTS	CASH	FSEA
BOTJ		0.88	0.7	0.78	0.67	0.85	0.39	0.79	0.77	0.74	BOTJ
FDSB	0.88		0.59	0.9	0.63	0.93	0.54	0.94	0.73	0.87	FDSB
FUSB	0.7	0.59		0.39	0.76	0.65	0.56	0.6	0.81	0.52	FUSB
UBCP	0.78	0.9	0.39		0.38	0.75	0.31	0.85	0.52	0.81	UBCP
FNWB	0.67	0.63	0.76	0.38		0.72	0.51	0.53	0.85	0.58	FNWB
IROQ	0.85	0.93	0.65	0.75	0.72		0.58	0.89	0.76	0.82	IROQ
BYFC	0.39	0.54	0.56	0.31	0.51	0.58		0.68	0.62	0.44	BYFC
NSTS	0.79	0.94	0.6	0.85	0.53	0.89	0.68		0.67	0.83	NSTS
CASH	0.77	0.73	0.81	0.52	0.85	0.76	0.62	0.67		0.65	CASH
FSEA	0.74	0.87	0.52	0.81	0.58	0.82	0.44	0.83	0.65		FSEA
	BOTJ	FDSB	FUSB	UBCP	FNWB	IROQ	BYFC	NSTS	CASH	FSEA

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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	1.25	0.34	0.18	(3.69)	1.16	(1.46)	3.12	(2.51)	9.56
FDSB	0.48	0.19	0.23	1.96	0.18	(0.57)	1.09	(1.05)	3.97
FUSB	1.48	0.38	0.18	1.00	1.57	(1.65)	4.47	(3.07)	13.31
UBCP	1.24	0.14	0.07	0.33	1.40	(1.33)	2.86	(2.56)	8.48
FNWB	1.11	0.19	0.14	0.42	0.97	(1.40)	2.95	(2.26)	8.81
IROQ	0.46	0.06	0.04	0.65	0.50	(0.52)	1.38	(0.85)	5.02
BYFC	2.20	0.27	0.10	0.34	2.40	(2.66)	3.99	(3.68)	25.87
NSTS	0.78	0.20	0.17	7.51	0.61	(1.06)	2.00	(1.61)	7.95
CASH	1.32	0.41	0.32	0.47	0.85	(1.58)	3.80	(1.72)	7.97
FSEA	1.63	0.20	0.06	1.76	2.10	(2.20)	4.23	(3.38)	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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