SouthState Bank Corporation (SSB) — Stock Correlations & Overview
Over the past year, SSB has moved most closely with KRE, DPST, KBE. Explore the stocks most correlated and inversely correlated with SSB below, along with its price, financials, and company profile.
Stocks correlated with SSB
Correlation of daily returns. Higher positive values move with SSB; negative values move opposite it. Informational only, not investment advice.
Most correlated with SSB
| Symbol | Company | Correlation |
|---|---|---|
| KRE | State Street SPDR S&P Regional Banking ETF | 0.91 |
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.90 |
| KBE | State Street SPDR S&P Bank ETF | 0.90 |
| AUB | Atlantic Union Bankshares CorporationSTATE COMMERCIAL BANKS | 0.87 |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.87 |
Most inversely correlated with SSB
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.90 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.66 |
| SEF | ProShares Short Financials | -0.65 |
| SKF | ProShares UltraShort Financials | -0.65 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.63 |
Frequently asked questions about SSB correlations
- Which stocks are most correlated with SSB?
- Based on one year of daily returns, the stocks most correlated with SouthState Bank Corporation (SSB) are KRE (0.91), DPST (0.90) and KBE (0.90). 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 SSB?
- Over the past year, the stocks most inversely correlated with SouthState Bank Corporation (SSB) are SKRE (-0.90), FAZ (-0.66) and SEF (-0.65). 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 SSB correlations calculated?
- We compute the correlation of daily returns between SSB 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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