Southern States Bancshares, Inc. Common (SSBK) Correlation Distribution
Across 6,804 rolling correlation observations between Southern States Bancshares, Inc. Common (SSBK) and other NASDAQ-listed stocks, 35.9% are positive and 64.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.141, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.8% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,804
- Mean correlation
- -0.141
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.9%
- Strong positive (≥0.7)
- 7.8%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 195 | 2.9% | |
| -0.8 to -0.7 | 195 | 2.9% | |
| -0.7 to -0.6 | 981 | 14.4% | |
| -0.6 to -0.5 | 981 | 14.4% | |
| -0.5 to -0.4 | 568 | 8.3% | |
| -0.4 to -0.3 | 567 | 8.3% | |
| -0.3 to -0.2 | 317 | 4.7% | |
| -0.2 to -0.1 | 316 | 4.6% | |
| -0.1 to 0.0 | 243 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 260 | 3.8% | |
| 0.2 to 0.3 | 260 | 3.8% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 259 | 3.8% | |
| 0.5 to 0.6 | 315 | 4.6% | |
| 0.6 to 0.7 | 315 | 4.6% | |
| 0.7 to 0.8 | 262 | 3.9% | |
| 0.8 to 0.9 | 261 | 3.8% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of SSBK?
Southern States Bancshares, Inc. Common (SSBK) has an average correlation of about -0.141 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is SSBK positively correlated with other stocks?
Not predominantly — 35.9% of pairs are positive and 64.1% are negative. Strong positive correlations (≥0.7) make up 7.8%.
What is the most common correlation range for SSBK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for SSBK.
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