Southern States Correlations

SSBK Stock

USD 37.42 0.58 1.53%

The current 90-days correlation between Southern States Banc and HMN Financial is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Southern States moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southern States Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Southern States Correlation With Market

Good diversification

The correlation between Southern States Bancshares and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Southern States 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 Southern States 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 bureau of labor statistics.

Moving together with Southern Stock

0.95	AX	Axos Financial	Pair Corr
0.94	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.94	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.9	RF	Regions Financial Sell-off Trend	Pair Corr
0.83	VBNK	VersaBank Fiscal Year End 11th of December 2024	Pair Corr
0.84	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.71	TECTP	Tectonic Financial	Pair Corr
0.65	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.87	EBTC	Enterprise Bancorp	Pair Corr
0.93	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.83	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.93	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.65	WAFD	Washington Federal	Pair Corr
0.84	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.75	BANC-PF	Banc of California	Pair Corr
0.89	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.66	ESSA	ESSA Bancorp	Pair Corr
0.72	EVBN	Evans Bancorp	Pair Corr
0.62	WSBCP	WesBanco	Pair Corr
0.77	WMPN	William Penn Bancorp	Pair Corr

Moving against Southern Stock

0.7	CFG-PE	Citizens Financial	Pair Corr
0.63	TFC-PR	Truist Financial	Pair Corr
0.62	TFC-PO	Truist Financial	Pair Corr
0.33	WF	Woori Financial Group	Pair Corr
0.56	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	OFED	HMNF	HFBL	CIZN	HVBC	OVLY	MNSB	CULL	CHMG	FCCO
OFED		-0.34	-0.27	0.72	-0.25	-0.6	-0.35	0.36	-0.55	-0.71	OFED
HMNF	-0.34		-0.16	-0.62	0.4	0.57	0.34	-0.5	0.59	0.6	HMNF
HFBL	-0.27	-0.16		-0.06	0.08	0.09	0.13	0.09	0.11	0.07	HFBL
CIZN	0.72	-0.62	-0.06		-0.33	-0.6	-0.23	0.39	-0.6	-0.71	CIZN
HVBC	-0.25	0.4	0.08	-0.33		0.47	0.55	-0.54	0.51	0.28	HVBC
OVLY	-0.6	0.57	0.09	-0.6	0.47		0.38	-0.47	0.94	0.91	OVLY
MNSB	-0.35	0.34	0.13	-0.23	0.55	0.38		-0.44	0.44	0.28	MNSB
CULL	0.36	-0.5	0.09	0.39	-0.54	-0.47	-0.44		-0.4	-0.49	CULL
CHMG	-0.55	0.59	0.11	-0.6	0.51	0.94	0.44	-0.4		0.86	CHMG
FCCO	-0.71	0.6	0.07	-0.71	0.28	0.91	0.28	-0.49	0.86		FCCO
	OFED	HMNF	HFBL	CIZN	HVBC	OVLY	MNSB	CULL	CHMG	FCCO

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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

CHMG	+ 0.94	OVLY
FCCO	+ 0.91	OVLY
FCCO	+ 0.86	CHMG
CIZN	+ 0.72	OFED
FCCO	+ 0.6	HMNF
CHMG	+ 0.59	HMNF

High negative correlations

FCCO	- 0.71	CIZN
FCCO	- 0.71	OFED
CIZN	- 0.62	HMNF
CHMG	- 0.6	CIZN
OVLY	- 0.6	CIZN
OVLY	- 0.6	OFED

Risk-Adjusted Indicators

There is a big difference between Southern Stock performing well and Southern States 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 Southern States' 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
OFED	2.13	(0.20)	0.00	0.69	0.00	0.00	3.48	(5.28)	12.66
HMNF	1.88	0.36	0.12	1.37	1.85	(2.37)	4.29	(3.19)	13.15
HFBL	1.56	(0.16)	0.00	(0.27)	0.00	0.00	3.75	(4.31)	17.43
CIZN	0.88	(0.08)	0.00	1.74	0.00	0.00	3.00	(2.14)	6.16
HVBC	1.51	0.33	0.08	2.99	2.03	(1.59)	2.68	(4.11)	18.63
OVLY	1.67	0.06	0.08	0.15	1.53	(2.10)	4.78	(2.77)	11.90
MNSB	1.56	0.02	0.03	0.13	1.98	(1.69)	2.89	(3.21)	19.63
CULL	0.51	(0.12)	0.00	39.32	0.00	0.00	1.18	(1.64)	4.73
CHMG	0.79	0.03	0.05	0.14	0.64	(0.95)	2.06	(1.09)	9.94
FCCO	1.24	0.17	0.12	0.30	1.00	(1.43)	3.05	(2.20)	10.76

Southern States Corporate Management

Gregory Smith	Senior Officer	Profile
Jason Alderman	AL County	Profile
Mark Chambers	Pres Director	Profile
Kelly Parkinson	Corporate Secretary	Profile
Garnet Reynolds	GA Counties	Profile

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