State Street Correlations
| SAEXX Fund | 1.00 0.00 0.00% |
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 |
Related Correlations Analysis
| 0.75 | 0.59 | 0.54 | 0.73 | 0.75 | AFB | ||
| 0.75 | 0.83 | 0.86 | 0.98 | 0.95 | MDMTX | ||
| 0.59 | 0.83 | 0.97 | 0.86 | 0.82 | FHYVX | ||
| 0.54 | 0.86 | 0.97 | 0.88 | 0.81 | FYMNX | ||
| 0.73 | 0.98 | 0.86 | 0.88 | 0.98 | BIDPX | ||
| 0.75 | 0.95 | 0.82 | 0.81 | 0.98 | TMNIX | ||
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Risk-Adjusted Indicators
There is a big difference between State Money Market Fund performing well and State Street Money Market 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AFB | 0.51 | (0.05) | 0.00 | 0.91 | 0.00 | 0.90 | 2.79 | |||
| MDMTX | 0.18 | (0.02) | 0.00 | (0.29) | 0.00 | 0.38 | 1.33 | |||
| FHYVX | 0.17 | 0.00 | (0.22) | 0.09 | 0.27 | 0.44 | 1.88 | |||
| FYMNX | 0.14 | 0.00 | (0.30) | 0.08 | 0.22 | 0.37 | 1.40 | |||
| BIDPX | 0.15 | (0.02) | 0.00 | (0.14) | 0.00 | 0.27 | 1.36 | |||
| TMNIX | 0.15 | (0.01) | (0.22) | (0.07) | 0.25 | 0.37 | 1.65 |