CMT vs SSBI: Correlation
Measured on weekly returns over the past three years, Core Molding Technologies Inc (CMT) and Summit State Bank (SSBI) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMT and SSBI?
On 3 years of weekly data the CMT/SSBI correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.19, and annualized covariance runs at 482.0 %².
By 3-year correlation, SSBI places #8 of the 13 assets tracked against CMT. Their recent paths diverged sharply: over the last 12 months CMT outperformed by 23.7 percentage points (+30.5% for CMT against +6.8% for SSBI).
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.
CMT vs SSBI: side by side
| CMT (Core Molding Technologies Inc) | SSBI (Summit State Bank) | |
|---|---|---|
| 1-year return | +30.5% | +6.8% |
| 5-year return | +80.4% | -2.9% |
| Volatility (ann.) | 40.3% | 37.6% |
| Beta vs S&P 500 | 0.39 | 0.24 |
| Max drawdown (3Y) | -56.0% | -60.6% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 29.8 | 39.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMT | SSBI |
|---|---|---|
| 2022 | +52.6% | +5.2% |
| 2023 | +42.6% | -19.6% |
| 2024 | -10.7% | -35.9% |
| 2025 | +21.2% | +52.0% |
| 2026 | +24.7% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMT and SSBI good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMT and SSBI?
The CMT/SSBI correlation stands at 0.32 on a 3-year window (1 year: 0.41, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is SSBI a good diversifier for CMT?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmt-vs-ssbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmt-vs-ssbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CMT correlations · SSBI correlations
