State Street Correlations

SPGSX Fund

USD 108.31 0.16 0.15%

The current 90-days correlation between State Street Premier and Vest Large Cap is 0.07 (i.e., Significant diversification). The correlation of State Street is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

State Street Correlation With Market

Good diversification

The correlation between State Street Premier and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Premier and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Street Premier. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with State Mutual Fund

0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.87	VFIAX	Vanguard 500 Index	Pair Corr
0.87	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VITSX	Vanguard Total Stock	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.87	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VFINX	Vanguard 500 Index	Pair Corr
0.87	VFFSX	Vanguard 500 Index	Pair Corr
0.62	NHS	Neuberger Berman High	Pair Corr
0.83	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.61	PFE	Pfizer Inc	Pair Corr
0.8	DIS	Walt Disney Aggressive Push	Pair Corr
0.75	DD	Dupont De Nemours	Pair Corr
0.83	AXP	American Express	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.65	BA	Boeing	Pair Corr
0.71	GE	GE Aerospace	Pair Corr
0.61	WMT	Walmart	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.63	MSFT	Microsoft	Pair Corr
0.83	BAC	Bank of America Aggressive Push	Pair Corr
0.62	MMM	3M Company	Pair Corr

Moving against State Mutual Fund

0.45	T	ATT Inc	Pair Corr
0.42	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	ENGRX	WTMVX	CBLSX	TALCX	DOXGX	AMONX	PAFDX
ENGRX		0.92	0.88	0.89	0.85	0.92	0.82	ENGRX
WTMVX	0.92		0.93	0.93	0.87	0.98	0.83	WTMVX
CBLSX	0.88	0.93		0.98	0.97	0.89	0.97	CBLSX
TALCX	0.89	0.93	0.98		0.98	0.92	0.97	TALCX
DOXGX	0.85	0.87	0.97	0.98		0.87	0.98	DOXGX
AMONX	0.92	0.98	0.89	0.92	0.87		0.82	AMONX
PAFDX	0.82	0.83	0.97	0.97	0.98	0.82		PAFDX
	ENGRX	WTMVX	CBLSX	TALCX	DOXGX	AMONX	PAFDX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between State Mutual Fund performing well and State Street Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze State Street's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ENGRX	0.73	0.02	(0.07)	1.57	(2.06)	7.42
WTMVX	1.09	0.06	(0.06)	2.02	(2.71)	11.23
CBLSX	0.94	0.06	(0.05)	1.58	(1.72)	9.67
TALCX	0.97	0.03	(0.09)	1.61	(2.07)	10.40
DOXGX	1.00	0.02	(0.10)	1.63	(1.92)	10.68
AMONX	1.52	0.06	(0.08)	2.70	(3.70)	14.39
PAFDX	0.94	0.06	(0.06)	1.62	(2.08)	9.68

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