State Street Correlations
SSBNX Fund | USD 10.62 0.00 0.00% |
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.
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Related Correlations Analysis
0.97 | 1.0 | 0.96 | 0.96 | 0.97 | IAXAX | ||
0.97 | 0.97 | 0.97 | 0.99 | 0.97 | HIIDX | ||
1.0 | 0.97 | 0.96 | 0.96 | 0.97 | PRDMX | ||
0.96 | 0.97 | 0.96 | 0.95 | 0.98 | EKBDX | ||
0.96 | 0.99 | 0.96 | 0.95 | 0.94 | FZABX | ||
0.97 | 0.97 | 0.97 | 0.98 | 0.94 | WDIAX | ||
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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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
IAXAX | 0.89 | 0.39 | 0.12 | (1.05) | 0.65 | 2.54 | 5.94 | |||
HIIDX | 0.49 | 0.14 | 0.04 | 0.49 | 0.14 | 1.29 | 3.13 | |||
PRDMX | 0.88 | 0.39 | 0.12 | (1.07) | 0.67 | 2.59 | 5.92 | |||
EKBDX | 0.63 | 0.18 | 0.17 | 0.44 | 0.00 | 1.96 | 4.51 | |||
FZABX | 0.54 | 0.10 | 0.00 | 0.41 | 0.31 | 1.41 | 3.36 | |||
WDIAX | 0.53 | 0.22 | (0.02) | (1.26) | 0.42 | 1.52 | 3.90 |