CSTM vs SSBI: Correlation
Measured on weekly returns over the past three years, Constellium SE (CSTM) and Summit State Bank (SSBI) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSTM and SSBI?
Over the past 3 years, CSTM and SSBI moved with a correlation of 0.34, which is moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.34 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 529.0 %².
Out of 11 assets tracked against CSTM, SSBI lands near the bottom at #8. The last year tells two different stories: CSTM led by 80.9 percentage points, +87.7% for CSTM 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.
CSTM vs SSBI: side by side
| CSTM (Constellium SE) | SSBI (Summit State Bank) | |
|---|---|---|
| 1-year return | +87.7% | +6.8% |
| 5-year return | +38.2% | -2.9% |
| Volatility (ann.) | 41.2% | 37.6% |
| Beta vs S&P 500 | 1.25 | 0.24 |
| Max drawdown (3Y) | -66.3% | -60.6% |
| Market cap | $3.7B | $0.1B |
| P/E (trailing) | 7.0 | 39.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CSTM | SSBI |
|---|---|---|
| 2022 | -33.9% | +5.2% |
| 2023 | +68.7% | -19.6% |
| 2024 | -48.5% | -35.9% |
| 2025 | +83.5% | +52.0% |
| 2026 | +45.4% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSTM and SSBI good diversifiers for each other?
Reasonably. At 0.34, CSTM and SSBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CSTM and SSBI?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.34 over the last year and 0.30 over 5 years.
Is SSBI a good diversifier for CSTM?
Reasonably. At 0.34, CSTM and SSBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: CSTM correlations · SSBI correlations
