SouthState Correlations

SSB Stock

USD 90.48 0.03 0.03%

Current 90-days correlation between SouthState and Comerica Incorporated is 0.14 (i.e., Average diversification).The statistical correlation between SouthState and related instruments captures the linear component of their co-movement; nonlinear tail dependence may require additional analysis.

Correlation to Market: SouthState

Very poor diversification

Across the chosen horizon, SSB and DJI show a correlation of 0.81 and fall into the Very poor diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with SouthState Stock

SouthState has a market cap of 9.22 B, operating margin of 51.08%, ROE of 10.69%. World Market Map can help frame allocation decisions. The allocation includes a position in SouthState within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To understand the process of investing in SouthState Stock, visit our How to Invest in SouthState guide.

Moving together with SouthState Stock

0.88	FBNC	First Bancorp	Pair Corr
0.96	MTB	MT Bank	Pair Corr
0.89	TFC	Truist Financial Corp	Pair Corr
0.75	BZI	Santander Bank Polska	Pair Corr
0.75	BBDO	Banco Bradesco SA	Pair Corr
0.81	BUSE	First Busey Corp	Pair Corr
0.67	RYSKF	Reysas Tasimacilik	Pair Corr
0.68	BTI	British American Tobacco	Pair Corr
0.76	HLIO	Helios Technologies	Pair Corr
0.63	MRK	Merck Company Sell-off Trend	Pair Corr
0.67	PG	Procter Gamble	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.64	BA	Boeing	Pair Corr
0.65	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against SouthState Stock

0.6

HPQ

HP Inc

Pair Corr

Related Correlations Analysis

	CMA	WBS	FHN	UMBF	ONB	WTFC	WAL	CFR	CFG
CMA		0.76	0.09	0.35	0.45	0.4	-0.11	0.76	0.51	CMA
WBS	0.76		0.43	0.54	0.69	0.67	0.21	0.82	0.7	WBS
FHN	0.09	0.43		0.79	0.85	0.91	0.83	0.59	0.85	FHN
UMBF	0.35	0.54	0.79		0.88	0.87	0.77	0.73	0.89	UMBF
ONB	0.45	0.69	0.85	0.88		0.96	0.76	0.79	0.94	ONB
WTFC	0.4	0.67	0.91	0.87	0.96		0.8	0.83	0.95	WTFC
WAL	-0.11	0.21	0.83	0.77	0.76	0.8		0.45	0.69	WAL
CFR	0.76	0.82	0.59	0.73	0.79	0.83	0.45		0.87	CFR
CFG	0.51	0.7	0.85	0.89	0.94	0.95	0.69	0.87		CFG
	CMA	WBS	FHN	UMBF	ONB	WTFC	WAL	CFR	CFG

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

WTFC	+ 0.96	ONB
CFG	+ 0.95	WTFC
CFG	+ 0.94	ONB
WTFC	+ 0.91	FHN
CFG	+ 0.89	UMBF
ONB	+ 0.88	UMBF

High negative correlations

WAL

- 0.11

CMA

Risk-Adjusted Indicators

There is a big difference between SouthState Stock performing well and SouthState 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 SouthState'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
CMA	1.11	0.22	0.18	1.39	1.27	-1.25	2.60	-2.15	9.13
WBS	1.10	0.18	0.14	0.15	1.22	-1.21	1.95	-1.78	12.70
FHN	1.18	0.03	0.00	-0.02	0.00	0.00	1.82	-2.88	9.14
UMBF	1.27	-0.03	0.00	-0.43	0.00	0.00	2.35	-2.40	11.18
ONB	1.28	0.04	0.00	-0.02	0.00	0.00	1.98	-2.58	11.09
WTFC	1.33	0.01	0.00	-0.04	0.00	0.00	2.14	-3.52	10.04
WAL	1.83	-0.21	0.00	-0.15	0.00	0.00	2.88	-4.27	16.61
CFR	0.94	0.13	0.12	0.09	1.07	-1.13	2.62	-1.58	7.75
CFG	1.31	0.14	0.06	0.04	1.79	-1.34	2.78	-2.68	12.85

SouthState Corporate Management

Stephen Young	Senior Officer	Profile
Sara Arana	Senior Officer	Profile
Jonathan Kivett	Chief Credit Officer	Profile
John Corbett	CEO Director	Profile

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