State Street Correlations

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.

Check out World Market Map to better understand how to build diversified portfolios. 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 bureau of economic analysis.

Moving together with State Mutual Fund

0.66	SSAHX	State Street Target	Pair Corr
0.8	SSAJX	State Street Target	Pair Corr
0.97	SSAOX	State Street Target	Pair Corr
0.97	SSAKX	State Street Target	Pair Corr
0.73	SSBYX	State Street Target	Pair Corr
0.73	SSBWX	State Street Target	Pair Corr
0.73	SSCKX	State Street Target	Pair Corr
0.79	SSCNX	State Street Target	Pair Corr
0.72	SSCJX	State Street Target	Pair Corr
0.97	SSCQX	State Street Target	Pair Corr
0.96	SSAWX	State Street Target	Pair Corr
0.94	SSBSX	State Street Target	Pair Corr
0.91	SSEYX	State Street Equity	Pair Corr
0.72	SSDOX	State Street Target	Pair Corr
0.62	SSGJX	State Street Global	Pair Corr
0.72	SSFJX	State Street Target	Pair Corr
0.96	SSFKX	State Street Target	Pair Corr
0.63	SSHQX	State Street Hedged	Pair Corr
0.71	SSKEX	State Street Emerging	Pair Corr
0.91	SSSWX	State Street Equity	Pair Corr
0.74	SSSYX	State Street Equity	Pair Corr
0.66	STFAX	State Street Equity	Pair Corr
0.9	SUSSX	State Street Institu	Pair Corr
0.91	SVSPX	Ssga Sp 500	Pair Corr
0.74	ELDFX	Elfun Diversified	Pair Corr
0.72	ELFNX	Elfun Trusts Elfun	Pair Corr
0.73	VGTSX	Vanguard Total Inter	Pair Corr
0.74	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	HGHYX	LHCCX	AHSCX	RAGHX	FHCCX	BHSRX	PJHRX
HGHYX		0.99	0.96	0.99	0.98	1.0	0.99	HGHYX
LHCCX	0.99		0.98	0.98	0.98	0.99	0.99	LHCCX
AHSCX	0.96	0.98		0.95	0.94	0.97	0.95	AHSCX
RAGHX	0.99	0.98	0.95		0.96	0.99	0.98	RAGHX
FHCCX	0.98	0.98	0.94	0.96		0.98	0.98	FHCCX
BHSRX	1.0	0.99	0.97	0.99	0.98		0.99	BHSRX
PJHRX	0.99	0.99	0.95	0.98	0.98	0.99		PJHRX
	HGHYX	LHCCX	AHSCX	RAGHX	FHCCX	BHSRX	PJHRX

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
HGHYX	0.67	0.25	0.22	(6.79)	0.38	(0.77)	2.24	(1.24)	4.47
LHCCX	0.72	0.23	0.18	(2.89)	0.62	(0.81)	1.80	(1.26)	4.51
AHSCX	0.77	0.24	0.16	(9.30)	0.69	(0.86)	1.85	(1.53)	5.46
RAGHX	0.71	0.18	0.14	(3.58)	0.53	(0.87)	2.07	(1.20)	4.55
FHCCX	0.75	0.15	0.13	0.28	0.69	(0.85)	1.67	(1.39)	5.11
BHSRX	0.58	0.19	0.16	(4.58)	0.37	(0.65)	1.82	(1.23)	3.72
PJHRX	0.82	0.30	0.25	(1.79)	0.55	(0.95)	2.07	(1.27)	4.68

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State Street Correlations

Moving together with State Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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