CoastalSouth Bancshares, Inc. (COSO) — Stock Correlations & Overview
Over the past year, COSO has moved most closely with SMBK, AVBH, IBCP. Explore the stocks most correlated and inversely correlated with COSO below, along with its price, financials, and company profile.
Stocks correlated with COSO
Correlation of daily returns. Higher positive values move with COSO; negative values move opposite it. Informational only, not investment advice.
Most correlated with COSO
| Symbol | Company | Correlation |
|---|---|---|
| SMBK | SmartFinancial, Inc.NATIONAL COMMERCIAL BANKS | 0.57 |
| AVBH | Avidbank Holdings, Inc. Common stockSTATE COMMERCIAL BANKS | 0.55 |
| IBCP | Independent Bank Corp.STATE COMMERCIAL BANKS | 0.54 |
| FCCO | First Community CorpSTATE COMMERCIAL BANKS | 0.54 |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.54 |
Most inversely correlated with COSO
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.51 |
| SDD | ProShares UltraShort SmallCap600 | -0.36 |
| SBB | ProShares Short SmallCap600 | -0.35 |
| COMT | iShares U.S. ETF Trust iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.35 |
| JETD | MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.34 |
Frequently asked questions about COSO correlations
- Which stocks are most correlated with COSO?
- Based on one year of daily returns, the stocks most correlated with CoastalSouth Bancshares, Inc. (COSO) are SMBK (0.57), AVBH (0.55) and IBCP (0.54). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with COSO?
- Over the past year, the stocks most inversely correlated with CoastalSouth Bancshares, Inc. (COSO) are SKRE (-0.51), SDD (-0.36) and SBB (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these COSO correlations calculated?
- We compute the correlation of daily returns between COSO and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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