State Street Correlations

Mutual Funds . USA . 
Fund . State Street Income
SSASX Fund  USD 9.72  0.02  0.21%   
The current 90-days correlation between State Street Income and Vanguard Total Bond is 0.98 (i.e., Almost no 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

Significant diversification

The correlation between State Street Income and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Income and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Street Income. 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 state.

Moving together with State Mutual Fund

  0.68SSAIX Ssga International StockPairCorr
  0.97SSAFX State Street AggregatePairCorr
  0.97SSFDX State Street AggregatePairCorr
  0.97SSFCX State Street AggregatePairCorr
  0.97SSFEX State Street AggregatePairCorr

Moving against State Mutual Fund

  0.71SSEYX State Street EquityPairCorr
  0.69SSAQX State Street CorePairCorr
  0.35SSDYX State Street TargetPairCorr
  0.35SSDOX State Street TargetPairCorr
  0.32SSAUX State Street TargetPairCorr
  0.76SSMHX State Street SmallmidPairCorr
  0.75SSMLX State Street SmallmidPairCorr
  0.75SSMKX State Street SmallmidPairCorr
  0.75SSMJX State Street SmallmidPairCorr
  0.71SSFRX State Street EquityPairCorr
  0.71SSSWX State Street EquityPairCorr
  0.62SSQSX State Street InstituPairCorr
  0.36SSFKX State Street TargetPairCorr
  0.35SSDWX State Street TargetPairCorr
  0.35SSDQX State Street TargetPairCorr
  0.35SSFJX State Street TargetPairCorr
  0.33SSDJX State Street TargetPairCorr
  0.33SSDLX State Street TargetPairCorr

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VBTLX  0.22 (0.04) 0.00 (0.87) 0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VBMFX  0.22 (0.04) 0.00 (0.91) 0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VBTIX  0.22 (0.04) 0.00 (0.87) 0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VTBSX  0.22 (0.04) 0.00 (0.91) 0.00 
 0.00 
 0.42 
(0.62)
 1.36 
VTBIX  0.22 (0.03) 0.00  0.50  0.00 
 0.00 
 0.42 
(0.53)
 1.27 
VTBNX  0.22 (0.03) 0.00  0.50  0.00 
 0.00 
 0.42 
(0.53)
 1.27 
BFAFX  0.22 (0.04) 0.00  0.66  0.00 
 0.00 
 0.44 
(0.53)
 1.30 
ABNDX  0.22 (0.04) 0.00  0.66  0.00 
 0.00 
 0.44 
(0.53)
 1.30 
BFACX  0.22 (0.04) 0.00  0.71  0.00 
 0.00 
 0.44 
(0.53)
 1.30 
FFBOX  0.23 (0.04) 0.00 (0.77) 0.00 
 0.00 
 0.44 
(0.53)
 1.30 

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