SRI vs SSBI: Correlation
How closely do Stoneridge, Inc. (SRI) and Summit State Bank (SSBI) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRI and SSBI?
On 3 years of weekly data the SRI/SSBI correlation comes out at 0.31, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 698.1 %².
Out of 14 assets tracked against SRI, SSBI lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with SSBI ahead by 24.2 points (-17.4% versus +6.8%). One caveat on sizing: SRI is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
SRI vs SSBI: side by side
| SRI (Stoneridge, Inc.) | SSBI (Summit State Bank) | |
|---|---|---|
| 1-year return | -17.4% | +6.8% |
| 5-year return | -69.5% | -2.9% |
| Volatility (ann.) | 59.7% | 37.6% |
| Beta vs S&P 500 | 1.79 | 0.24 |
| Max drawdown (3Y) | -82.9% | -60.6% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | 39.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRI | SSBI |
|---|---|---|
| 2022 | +9.2% | +5.2% |
| 2023 | -9.2% | -19.6% |
| 2024 | -68.0% | -35.9% |
| 2025 | -7.7% | +52.0% |
| 2026 | +22.6% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRI and SSBI good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SRI and SSBI?
As of 2026-08-27, the correlation of weekly returns between SRI and SSBI is 0.31 over 3 years, 0.27 over 1 year and 0.27 over 5 years.
Is SSBI a good diversifier for SRI?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 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: SRI correlations · SSBI correlations
