State Street Correlations
| 0L9G Stock | 98.55 0.11 0.11% |
The current 90-days correlation between State Street Corp and Coor Service Management is -0.05 (i.e., Good 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
Very weak diversification
The correlation between State Street Corp and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Corp and DJI in the same portfolio, assuming nothing else is changed.
State |
The ability to find closely correlated positions to State Street could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace State Street when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back State Street - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling State Street Corp to buy it.
Moving together with State Stock
| 0.71 | 0K7U | News Corp Cl | PairCorr |
| 0.9 | 0I9F | Digital Realty Trust | PairCorr |
| 0.77 | DEC | Diversified Energy | PairCorr |
Moving against State Stock
Related Correlations Analysis
| -0.75 | -0.93 | 0.23 | 0.76 | -0.77 | 0R8Q | ||
| -0.75 | 0.74 | -0.06 | -0.68 | 0.74 | 0NIS | ||
| -0.93 | 0.74 | -0.17 | -0.84 | 0.88 | 0YTR | ||
| 0.23 | -0.06 | -0.17 | 0.01 | -0.02 | ELLA | ||
| 0.76 | -0.68 | -0.84 | 0.01 | -0.86 | LIO | ||
| -0.77 | 0.74 | 0.88 | -0.02 | -0.86 | 0MKO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between State Stock performing well and State Street Company 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0R8Q | 1.30 | (0.38) | 0.00 | (0.79) | 0.00 | 1.95 | 20.00 | |||
| 0NIS | 1.16 | (0.01) | (0.06) | 0.08 | 1.51 | 2.22 | 11.12 | |||
| 0YTR | 1.12 | 0.33 | 0.26 | 0.79 | 0.72 | 2.72 | 12.36 | |||
| ELLA | 0.42 | (0.03) | 0.00 | 2.63 | 0.00 | 1.11 | 6.87 | |||
| LIO | 1.65 | (0.44) | 0.00 | 3.41 | 0.00 | 2.99 | 11.70 | |||
| 0MKO | 0.82 | 0.06 | (0.04) | 1.76 | 1.10 | 1.57 | 5.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in State Street without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Positions Ratings Now
Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
State Street Corporate Management
Elected by the shareholders, the State Street's board of directors comprises two types of representatives: State Street inside directors who are chosen from within the company, and outside directors, selected externally and held independent of State. The board's role is to monitor State Street's management team and ensure that shareholders' interests are well served. State Street's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, State Street's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Elizabeth Schaefer | Deputy VP | Profile | |
| Wei Hu | Executive Officer | Profile | |
| Francisco Silva | Exec Advisor | Profile | |
| Theodore Gekas | HeadActive Macro | Profile | |
| Giovanni Caricati | Chief Italy | Profile | |
| Pankaj Vaish | Executive Treasury | Profile | |
| Oliver Berger | Senior MENA | Profile |