OPCH vs SSBI: Correlation
How closely do Option Care Health, Inc. (OPCH) and Summit State Bank (SSBI) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPCH and SSBI?
Across a 3-year window, the weekly returns of OPCH and SSBI correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.32 over 3. Stretching to 5 years gives 0.23, with an annualized covariance of 440.0 %².
Within OPCH's tracked universe of 15 assets, SSBI comes in at #7 by 3-year correlation. The last year tells two different stories: SSBI led by 22.9 percentage points, -16.1% for OPCH 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.
OPCH vs SSBI: side by side
| OPCH (Option Care Health, Inc.) | SSBI (Summit State Bank) | |
|---|---|---|
| 1-year return | -16.1% | +6.8% |
| 5-year return | -8.7% | -2.9% |
| Volatility (ann.) | 37.1% | 37.6% |
| Beta vs S&P 500 | 0.56 | 0.24 |
| Max drawdown (3Y) | -46.7% | -60.6% |
| Market cap | $3.6B | $0.1B |
| P/E (trailing) | 18.2 | 39.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPCH | SSBI |
|---|---|---|
| 2022 | +5.8% | +5.2% |
| 2023 | +12.0% | -19.6% |
| 2024 | -31.1% | -35.9% |
| 2025 | +37.3% | +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 OPCH and SSBI good diversifiers for each other?
Reasonably. At 0.32, OPCH and SSBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OPCH and SSBI?
As of 2026-08-27, the correlation of weekly returns between OPCH and SSBI is 0.32 over 3 years, 0.26 over 1 year and 0.23 over 5 years.
Is SSBI a good diversifier for OPCH?
Reasonably. At 0.32, OPCH and SSBI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: OPCH correlations · SSBI correlations
