Correlation Between SSB Bancorp and Quaint Oak
Can any of the company-specific risk be diversified away by investing in both SSB Bancorp and Quaint Oak at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining SSB Bancorp and Quaint Oak into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between SSB Bancorp and Quaint Oak Bancorp, you can compare the effects of market volatilities on SSB Bancorp and Quaint Oak and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in SSB Bancorp with a short position of Quaint Oak. Check out your portfolio center. Please also check ongoing floating volatility patterns of SSB Bancorp and Quaint Oak.
Diversification Opportunities for SSB Bancorp and Quaint Oak
-0.47 | Correlation Coefficient |
Very good diversification
The 3 months correlation between SSB and Quaint is -0.47. Overlapping area represents the amount of risk that can be diversified away by holding SSB Bancorp and Quaint Oak Bancorp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Quaint Oak Bancorp and SSB Bancorp is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on SSB Bancorp are associated (or correlated) with Quaint Oak. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Quaint Oak Bancorp has no effect on the direction of SSB Bancorp i.e., SSB Bancorp and Quaint Oak go up and down completely randomly.
Pair Corralation between SSB Bancorp and Quaint Oak
Given the investment horizon of 90 days SSB Bancorp is expected to generate 0.93 times more return on investment than Quaint Oak. However, SSB Bancorp is 1.07 times less risky than Quaint Oak. It trades about 0.05 of its potential returns per unit of risk. Quaint Oak Bancorp is currently generating about -0.02 per unit of risk. If you would invest 800.00 in SSB Bancorp on August 13, 2025 and sell it today you would earn a total of 324.00 from holding SSB Bancorp or generate 40.5% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 76.27% |
| Values | Daily Returns |
SSB Bancorp vs. Quaint Oak Bancorp
Performance |
| Timeline |
| SSB Bancorp |
| Quaint Oak Bancorp |
SSB Bancorp and Quaint Oak Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with SSB Bancorp and Quaint Oak
The main advantage of trading using opposite SSB Bancorp and Quaint Oak positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if SSB Bancorp position performs unexpectedly, Quaint Oak can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Quaint Oak will offset losses from the drop in Quaint Oak's long position.| SSB Bancorp vs. Quaint Oak Bancorp | SSB Bancorp vs. Enterprise Financial Services | SSB Bancorp vs. Apollo Bancorp | SSB Bancorp vs. Commercial National Financial |
| Quaint Oak vs. SSB Bancorp | Quaint Oak vs. Enterprise Financial Services | Quaint Oak vs. Huron Valley Bancorp | Quaint Oak vs. Apollo Bancorp |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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