State Street Correlations
| SSASX Fund | USD 9.79 0.03 0.31% |
The current 90-days correlation between State Street Income and Blackrock Global Longshort is 0.26 (i.e., Modest 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 |
Moving together with State Mutual Fund
| 0.63 | SSAHX | State Street Target | PairCorr |
| 0.61 | SSAJX | State Street Target | PairCorr |
| 0.99 | SSAFX | State Street Aggregate | PairCorr |
| 0.62 | SSBYX | State Street Target | PairCorr |
| 0.62 | SSBWX | State Street Target | PairCorr |
| 0.61 | SSCKX | State Street Target | PairCorr |
| 0.61 | SSCJX | State Street Target | PairCorr |
| 0.64 | SSBRX | State Street Target | PairCorr |
| 0.63 | SSBSX | State Street Target | PairCorr |
| 0.89 | SSFDX | State Street Aggregate | PairCorr |
| 0.99 | SSFCX | State Street Aggregate | PairCorr |
| 0.89 | SSFEX | State Street Aggregate | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BDMKX | 0.09 | 0.05 | (1.00) | (2.72) | 0.00 | 0.22 | 0.44 | |||
| LSYIX | 0.15 | 0.06 | (0.38) | 0.54 | 0.00 | 0.74 | 1.38 | |||
| BSBIX | 0.07 | 0.01 | (1.11) | (1.38) | 0.00 | 0.11 | 0.42 | |||
| CRLSX | 0.55 | 0.14 | 0.08 | 0.44 | 0.08 | 1.57 | 3.99 | |||
| DMBAX | 0.05 | 0.02 | (1.48) | (14.25) | 0.00 | 0.16 | 0.32 | |||
| HCSBX | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.42 | |||
| TSDUX | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 |