State Street Correlations

SSASX Fund

USD 9.96 0.02 0.20%

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, 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 various price indices.

Moving together with State Mutual Fund

0.66	VBTLX	Vanguard Total Bond	Pair Corr
0.67	VBMFX	Vanguard Total Bond	Pair Corr
0.94	VBTIX	Vanguard Total Bond	Pair Corr
0.93	VTBSX	Vanguard Total Bond	Pair Corr
0.95	VTBIX	Vanguard Total Bond	Pair Corr
0.65	VTBNX	Vanguard Total Bond	Pair Corr
0.96	ABNDX	Bond Fund	Pair Corr
0.97	BFACX	Bond Fund	Pair Corr
0.63	FBOFX	American Funds	Pair Corr
0.69	GABFX	Gmo Asset Allocation	Pair Corr
0.9	TCPAX	Touchstone Total Return	Pair Corr

Related Correlations Analysis

	STPXX	IVMXX	SMAAX	PFCXX	0P000070L2
STPXX		0.0	0.0	0.0	0.0	STPXX
IVMXX	0.0		0.0	0.0	0.0	IVMXX
SMAAX	0.0	0.0		0.0	0.78	SMAAX
PFCXX	0.0	0.0	0.0		0.0	PFCXX
0P000070L2	0.0	0.0	0.78	0.0		0P000070L2
	STPXX	IVMXX	SMAAX	PFCXX	0P000070L2

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

0P000070L2	+ 0.78	SMAAX
IVMXX	+ 0.0	STPXX
SMAAX	+ 0.0	STPXX
PFCXX	+ 0.0	STPXX
0P000070L2	+ 0.0	STPXX
SMAAX	+ 0.0	IVMXX

High negative correlations

0P000070L2	- 0.0	PFCXX
PFCXX	- 0.0	SMAAX
0P000070L2	- 0.0	IVMXX
PFCXX	- 0.0	IVMXX
SMAAX	- 0.0	IVMXX
0P000070L2	- 0.0	STPXX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
STPXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMAAX	0.06	0.01	(0.37)	2.76	(0.13)	0.19	(0.10)	0.39
PFCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
0P000070L2	0.03	0.01	0.00	(0.39)	0.00	0.00	0.00	0.40

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