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
0.44 | 0.98 | 0.98 | 0.46 | 0.49 | 0.5 | TDIFX | ||
0.44 | 0.42 | 0.43 | 1.0 | 0.99 | 1.0 | TWSMX | ||
0.98 | 0.42 | 0.99 | 0.44 | 0.45 | 0.48 | TSIMX | ||
0.98 | 0.43 | 0.99 | 0.45 | 0.47 | 0.49 | USCRX | ||
0.46 | 1.0 | 0.44 | 0.45 | 0.98 | 0.99 | QCGLRX | ||
0.49 | 0.99 | 0.45 | 0.47 | 0.98 | 0.99 | RRPPX | ||
0.5 | 1.0 | 0.48 | 0.49 | 0.99 | 0.99 | SAWMX | ||
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TDIFX | 0.14 | 0.07 | (0.68) | (2.06) | 0.00 | 0.44 | 1.05 | |||
TWSMX | 0.33 | 0.14 | (0.17) | (9.30) | 0.04 | 0.90 | 2.61 | |||
TSIMX | 0.35 | 0.19 | (0.13) | (2.01) | 0.00 | 1.21 | 2.35 | |||
USCRX | 0.33 | 0.05 | (0.18) | 0.35 | 0.00 | 1.06 | 2.09 | |||
QCGLRX | 0.48 | 0.24 | (0.01) | (5.49) | 0.00 | 1.39 | 3.95 | |||
RRPPX | 0.24 | 0.11 | (0.34) | (13.60) | 0.00 | 0.68 | 1.64 | |||
SAWMX | 0.30 | 0.13 | (0.22) | (14.28) | 0.00 | 0.75 | 2.13 |