Southside Bancshares, Correlations

SBSI Stock

USD 32.11 0.18 0.56%

The current 90-days correlation between Southside Bancshares, and Northfield Bancorp is 0.95 (i.e., Almost no diversification). The correlation of Southside Bancshares, 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.

Southside Bancshares, Correlation With Market

Poor diversification

The correlation between Southside Bancshares, 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 Southside Bancshares, and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southside Bancshares,. 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.

For more detail on how to invest in Southside Stock please use our How to Invest in Southside Bancshares, guide.

Moving together with Southside Stock

0.85	AX	Axos Financial	Pair Corr
0.82	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.84	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.84	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.79	VABK	Virginia National	Pair Corr
0.75	VBNK	VersaBank	Pair Corr
0.85	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.75	EBMT	Eagle Bancorp Montana Fiscal Year End 28th of January 2025	Pair Corr
0.81	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.73	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.61	KEY-PL	KeyCorp	Pair Corr
0.86	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.91	WAFD	Washington Federal	Pair Corr
0.86	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.88	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.79	ESSA	ESSA Bancorp	Pair Corr
0.73	EVBN	Evans Bancorp	Pair Corr
0.73	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.79	WMPN	William Penn Bancorp	Pair Corr

Moving against Southside Stock

0.45	WAFDP	Washington Federal	Pair Corr
0.44	FRCIL	First Republic Bank	Pair Corr
0.42	SBNYL	Signature Bank	Pair Corr
0.31	FRCHL	First Republic Bank	Pair Corr

Related Correlations Analysis

	FNWD	CWBC	FFNW	NFBK	HBCP	FCCO	FNWB	HFBL	HMNF	GSBC
FNWD		-0.32	0.64	-0.2	-0.27	-0.44	-0.15	-0.22	-0.42	-0.33	FNWD
CWBC	-0.32		-0.18	0.84	0.82	0.88	0.65	-0.01	0.27	0.9	CWBC
FFNW	0.64	-0.18		-0.03	-0.11	-0.29	0.28	-0.35	-0.59	-0.25	FFNW
NFBK	-0.2	0.84	-0.03		0.9	0.83	0.55	-0.14	0.26	0.9	NFBK
HBCP	-0.27	0.82	-0.11	0.9		0.92	0.38	-0.12	0.28	0.89	HBCP
FCCO	-0.44	0.88	-0.29	0.83	0.92		0.4	-0.02	0.38	0.91	FCCO
FNWB	-0.15	0.65	0.28	0.55	0.38	0.4		-0.03	-0.16	0.42	FNWB
HFBL	-0.22	-0.01	-0.35	-0.14	-0.12	-0.02	-0.03		0.12	-0.01	HFBL
HMNF	-0.42	0.27	-0.59	0.26	0.28	0.38	-0.16	0.12		0.44	HMNF
GSBC	-0.33	0.9	-0.25	0.9	0.89	0.91	0.42	-0.01	0.44		GSBC
	FNWD	CWBC	FFNW	NFBK	HBCP	FCCO	FNWB	HFBL	HMNF	GSBC

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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

FCCO	+ 0.92	HBCP
GSBC	+ 0.91	FCCO
GSBC	+ 0.9	CWBC
HBCP	+ 0.9	NFBK
GSBC	+ 0.9	NFBK
GSBC	+ 0.89	HBCP

High negative correlations

HMNF	- 0.59	FFNW
FCCO	- 0.44	FNWD
HMNF	- 0.42	FNWD
HFBL	- 0.35	FFNW
GSBC	- 0.33	FNWD
CWBC	- 0.32	FNWD

Risk-Adjusted Indicators

There is a big difference between Southside Stock performing well and Southside Bancshares, 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 Southside Bancshares,'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
FNWD	0.83	(0.13)	0.00	(0.36)	0.00	0.00	2.10	(2.04)	6.41
CWBC	1.01	(0.04)	(0.02)	0.01	1.26	(1.13)	2.53	(2.16)	11.26
FFNW	0.67	(0.11)	0.00	(0.20)	0.00	0.00	1.36	(1.33)	4.32
NFBK	1.96	(0.06)	0.00	0.01	2.19	(2.44)	4.14	(3.40)	23.58
HBCP	1.49	0.07	0.05	0.07	1.88	(1.78)	3.35	(2.15)	14.40
FCCO	1.14	0.14	0.08	0.17	1.41	(1.19)	2.69	(2.20)	14.28
FNWB	1.55	(0.08)	0.00	(0.06)	0.00	0.00	3.17	(2.82)	14.21
HFBL	1.65	0.07	0.02	0.15	2.39	(2.46)	4.70	(4.49)	17.43
HMNF	1.88	0.40	0.15	(4.88)	1.85	(2.37)	4.29	(3.19)	13.15
GSBC	1.51	0.02	0.03	0.04	1.98	(1.57)	3.30	(3.40)	19.09

Southside Bancshares, Corporate Management

Brian McCabe	Executive VP and Secretary	Profile
CPA CPA	Chief Officer	Profile
Erin Byers	Senior Officer	Profile
Timothy Alexander	Chief Lending Officer	Profile
Lindsey CPA	VP Officer	Profile
Brooke Mott	Senior Officer	Profile

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