KXIN vs SSBI: Correlation
Kaixin Holdings (KXIN) and Summit State Bank (SSBI) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KXIN and SSBI?
Over the past 3 years, KXIN and SSBI moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.24). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -2464.5 %².
SSBI is close to the least connected end of KXIN's tracked universe, ranking #14 of 15. Their recent paths diverged sharply: over the last 12 months SSBI outperformed by 106.3 percentage points (-99.5% for KXIN against +6.8% for SSBI). Risk is not evenly split, since KXIN carries 7.3 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.
KXIN vs SSBI: side by side
| KXIN (Kaixin Holdings) | SSBI (Summit State Bank) | |
|---|---|---|
| 1-year return | -99.5% | +6.8% |
| 5-year return | -100.0% | -2.9% |
| Volatility (ann.) | 272.9% | 37.6% |
| Beta vs S&P 500 | 2.71 | 0.24 |
| Max drawdown (3Y) | -100.0% | -60.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 39.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KXIN | SSBI |
|---|---|---|
| 2022 | -74.3% | +5.2% |
| 2023 | -80.0% | -19.6% |
| 2024 | -97.1% | -35.9% |
| 2025 | -88.6% | +52.0% |
| 2026 | -98.1% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KXIN and SSBI good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between KXIN and SSBI?
The KXIN/SSBI correlation stands at -0.24 on a 3-year window (1 year: -0.01, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is SSBI a good diversifier for KXIN?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
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Related comparisons
Hubs: KXIN correlations · SSBI correlations
