CHSN vs SSBI: Correlation
How closely do Chanson International Holding - Class A (CHSN) and Summit State Bank (SSBI) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHSN and SSBI?
On 3 years of weekly data the CHSN/SSBI correlation comes out at -0.39, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.39 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -4713.9 %².
SSBI is close to the least connected end of CHSN's tracked universe, ranking #18 of 18. Their recent paths diverged sharply: over the last 12 months SSBI outperformed by 106.2 percentage points (-99.4% for CHSN against +6.8% for SSBI). Risk is not evenly split, since CHSN carries 8.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CHSN vs SSBI: side by side
| CHSN (Chanson International Holding - Class A) | SSBI (Summit State Bank) | |
|---|---|---|
| 1-year return | -99.4% | +6.8% |
| 5-year return | n/a | -2.9% |
| Volatility (ann.) | 320.2% | 37.6% |
| Beta vs S&P 500 | 0.54 | 0.24 |
| Max drawdown (3Y) | -100.0% | -60.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.4 | 39.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHSN | SSBI |
|---|---|---|
| 2022 | – | +5.2% |
| 2023 | – | -19.6% |
| 2024 | +318.9% | -35.9% |
| 2025 | -99.5% | +52.0% |
| 2026 | -99.5% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHSN and SSBI good diversifiers for each other?
Yes. With a correlation of -0.39, CHSN and SSBI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHSN and SSBI?
The CHSN/SSBI correlation stands at -0.39 on a 3-year window (1 year: -0.03, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SSBI a good diversifier for CHSN?
Yes. With a correlation of -0.39, CHSN and SSBI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.39 mean?
A reading of -0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CHSN correlations · SSBI correlations
