State Street Correlations

STT Stock

USD 97.50 1.16 1.20%

The current 90-days correlation between State Street Corp and Northern Trust is 0.79 (i.e., Poor 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

Poor diversification

The correlation between State Street Corp and DJI is 0.63 (i.e., Poor 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.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Street Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with State Stock

0.76	V	Visa Class A	Pair Corr
0.64	DHIL	Diamond Hill Investment	Pair Corr
0.85	DIST	Distoken Acquisition	Pair Corr
0.85	AB	AllianceBernstein	Pair Corr
0.85	AC	Associated Capital	Pair Corr
0.93	BN	Brookfield Corp	Pair Corr
0.93	BX	Blackstone Group Normal Trading	Pair Corr
0.95	CG	Carlyle Group	Pair Corr
0.88	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.9	LC	LendingClub Corp	Pair Corr
0.77	LX	Lexinfintech Holdings	Pair Corr
0.9	MA	Mastercard	Pair Corr
0.78	MC	Moelis	Pair Corr
0.95	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.86	PX	P10 Inc	Pair Corr
0.86	QD	Qudian Inc	Pair Corr
0.97	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.8	TW	Tradeweb Markets Normal Trading	Pair Corr
0.83	WT	WisdomTree	Pair Corr
0.96	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.68	DUET	DUET Acquisition Corp	Pair Corr
0.74	VIRT	Virtu Financial Normal Trading	Pair Corr
0.84	DYCQ	DT Cloud Acquisition	Pair Corr
0.89	VRTS	Virtus Investment	Pair Corr

Moving against State Stock

0.6	PT	Pintec Technology	Pair Corr
0.75	XP	Xp Inc	Pair Corr
0.74	WU	Western Union	Pair Corr
0.59	RM	Regional Management Corp	Pair Corr
0.4	DMYY	dMY Squared Technology	Pair Corr
0.83	BRKHU	BurTech Acquisition Corp	Pair Corr
0.76	BRACU	Broad Capital Acquisition	Pair Corr
0.62	BRKHW	BurTech Acquisition Corp	Pair Corr
0.45	PFTAU	Portage Fintech Acqu	Pair Corr

Related Correlations Analysis

	NTRS	BEN	IVZ	TROW	BK	SEIC	PFG	AMG	JHG	AMP
NTRS		0.86	0.64	0.91	0.9	0.97	0.43	0.67	0.95	0.94	NTRS
BEN	0.86		0.7	0.94	0.79	0.87	0.41	0.63	0.9	0.84	BEN
IVZ	0.64	0.7		0.78	0.79	0.7	0.75	0.84	0.73	0.78	IVZ
TROW	0.91	0.94	0.78		0.88	0.94	0.53	0.68	0.96	0.94	TROW
BK	0.9	0.79	0.79	0.88		0.9	0.73	0.84	0.9	0.96	BK
SEIC	0.97	0.87	0.7	0.94	0.9		0.43	0.67	0.98	0.96	SEIC
PFG	0.43	0.41	0.75	0.53	0.73	0.43		0.75	0.49	0.62	PFG
AMG	0.67	0.63	0.84	0.68	0.84	0.67	0.75		0.66	0.76	AMG
JHG	0.95	0.9	0.73	0.96	0.9	0.98	0.49	0.66		0.97	JHG
AMP	0.94	0.84	0.78	0.94	0.96	0.96	0.62	0.76	0.97		AMP
	NTRS	BEN	IVZ	TROW	BK	SEIC	PFG	AMG	JHG	AMP

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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
NTRS	1.03	0.25	0.23	0.39	0.57	(1.20)	2.39	(1.40)	9.54
BEN	1.20	(0.03)	0.00	0.10	1.52	(1.17)	2.52	(2.10)	6.27
IVZ	1.39	(0.09)	(0.01)	0.07	1.52	(1.55)	2.82	(2.97)	6.84
TROW	1.09	0.00	0.03	0.12	1.20	(1.17)	2.14	(2.04)	7.96
BK	0.82	0.21	0.22	0.37	0.49	(0.99)	2.10	(1.32)	4.87
SEIC	0.80	0.18	0.17	0.34	0.61	(0.93)	1.57	(1.56)	7.23
PFG	0.98	(0.01)	0.02	0.12	1.35	(1.14)	2.17	(2.20)	9.84
AMG	1.17	(0.05)	0.01	0.09	1.92	(1.18)	2.55	(1.81)	13.03
JHG	1.12	0.15	0.17	0.22	0.95	(1.30)	2.65	(2.10)	8.21
AMP	0.98	0.23	0.24	0.26	0.69	(1.14)	2.18	(1.66)	13.90

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