Summit Bancshares Correlations

SMAL Stock

USD 43.87 0.16 0.37%

The current 90-days correlation between Summit Bancshares and Territorial Bancorp is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Summit Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Summit Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Summit Bancshares Correlation With Market

Average diversification

The correlation between Summit Bancshares and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Summit Bancshares and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Summit Pink Sheet

0.74	PNC	PNC Financial Services Sell-off Trend	Pair Corr
0.75	AAC	Ares Acquisition	Pair Corr
0.82	ARTE	Artemis Strategic	Pair Corr
0.73	TRCA	Twin Ridge Capital	Pair Corr
0.7	APAC	Stonebridge Acquisition Symbol Change	Pair Corr
0.61	WMT	Walmart Aggressive Push	Pair Corr
0.73	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.66	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.64	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.7	DIS	Walt Disney Sell-off Trend	Pair Corr
0.64	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.68	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr

Moving against Summit Pink Sheet

0.69	BBAS3	Banco do Brasil	Pair Corr
0.64	BBDC4	Banco Bradesco SA	Pair Corr
0.62	BNPQY	BNP Paribas SA	Pair Corr
0.44	CVI	CVR Energy	Pair Corr
0.8	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	FHB	CPF	TBNK	CMA	BOH-PA	LYG	ZION	KEY	ITUB	FITB
FHB		0.83	0.54	0.91	-0.77	-0.8	0.97	0.96	-0.78	0.93	FHB
CPF	0.83		0.75	0.89	-0.51	-0.5	0.87	0.91	-0.71	0.94	CPF
TBNK	0.54	0.75		0.75	-0.14	-0.23	0.66	0.7	-0.63	0.75	TBNK
CMA	0.91	0.89	0.75		-0.63	-0.68	0.95	0.95	-0.84	0.97	CMA
BOH-PA	-0.77	-0.51	-0.14	-0.63		0.67	-0.76	-0.68	0.67	-0.65	BOH-PA
LYG	-0.8	-0.5	-0.23	-0.68	0.67		-0.75	-0.71	0.67	-0.64	LYG
ZION	0.97	0.87	0.66	0.95	-0.76	-0.75		0.98	-0.85	0.97	ZION
KEY	0.96	0.91	0.7	0.95	-0.68	-0.71	0.98		-0.8	0.97	KEY
ITUB	-0.78	-0.71	-0.63	-0.84	0.67	0.67	-0.85	-0.8		-0.84	ITUB
FITB	0.93	0.94	0.75	0.97	-0.65	-0.64	0.97	0.97	-0.84		FITB
	FHB	CPF	TBNK	CMA	BOH-PA	LYG	ZION	KEY	ITUB	FITB

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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

KEY	+ 0.98	ZION
ZION	+ 0.97	FHB
FITB	+ 0.97	CMA
FITB	+ 0.97	ZION
FITB	+ 0.97	KEY
KEY	+ 0.96	FHB

High negative correlations

ITUB	- 0.85	ZION
FITB	- 0.84	ITUB
ITUB	- 0.84	CMA
ITUB	- 0.8	KEY
LYG	- 0.8	FHB
ITUB	- 0.78	FHB

Risk-Adjusted Indicators

There is a big difference between Summit Pink Sheet performing well and Summit 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 Summit Bancshares' 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
FHB	1.32	(0.01)	0.07	0.12	1.40	(1.55)	2.72	(2.66)	16.01
CPF	1.75	0.00	0.06	0.13	2.07	(2.07)	3.31	(3.42)	17.89
TBNK	1.81	(0.07)	0.02	0.09	2.00	(2.11)	4.63	(2.88)	15.39
CMA	1.43	0.15	0.16	0.21	1.33	(1.62)	3.23	(2.64)	14.10
BOH-PA	0.86	(0.08)	0.00	(0.31)	0.00	0.00	1.33	(1.98)	4.53
LYG	1.41	(0.26)	0.00	(0.23)	0.00	0.00	2.54	(3.10)	12.01
ZION	1.63	0.02	0.12	0.13	1.47	(1.91)	3.51	(2.89)	20.65
KEY	1.41	(0.06)	0.08	0.10	1.37	(1.61)	2.99	(2.54)	19.76
ITUB	1.24	(0.36)	0.00	(1.48)	0.00	0.00	2.28	(2.96)	7.63
FITB	1.05	0.00	0.07	0.13	0.99	(1.17)	2.23	(2.01)	10.60

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Our tools can tell you how much better you can do entering a position in Summit Bancshares 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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Summit Bancshares Corporate Management

Steven Nelson	Pres COO	Profile
Denise Dodini	Ex Officer	Profile
Yong Bai	VP Mang	Profile
Mani Ganesamurthy	VP CFO	Profile
Krystle Johnson	Compliance VP	Profile
Shirley Nelson	Chairman CEO	Profile

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