State Street Correlations
| SSCKX Fund | USD 15.84 1.09 0.19% |
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 |
Moving together with State Mutual Fund
Moving against State Mutual Fund
Related Correlations Analysis
| 0.85 | 0.83 | 0.53 | 0.84 | 0.92 | DEDCX | ||
| 0.85 | 0.96 | 0.86 | 0.83 | 0.79 | PCEMX | ||
| 0.83 | 0.96 | 0.85 | 0.84 | 0.82 | JOEAX | ||
| 0.53 | 0.86 | 0.85 | 0.68 | 0.51 | TEOJX | ||
| 0.84 | 0.83 | 0.84 | 0.68 | 0.86 | SYMAX | ||
| 0.92 | 0.79 | 0.82 | 0.51 | 0.86 | EMDQX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DEDCX | 0.07 | 0.01 | (0.42) | 0.56 | 0.00 | 0.13 | 0.39 | |||
| PCEMX | 0.66 | 0.17 | 0.19 | 0.41 | 0.40 | 1.62 | 3.92 | |||
| JOEAX | 0.74 | 0.15 | 0.16 | 0.30 | 0.50 | 1.78 | 3.76 | |||
| TEOJX | 0.69 | 0.08 | 0.05 | 0.20 | 0.62 | 1.45 | 4.50 | |||
| SYMAX | 0.59 | 0.07 | 0.06 | 0.17 | 0.56 | 1.18 | 2.96 | |||
| EMDQX | 0.18 | 0.03 | (0.13) | 0.33 | 0.00 | 0.41 | 1.02 |