State Street Correlations
| SAMXX 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.
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Related Correlations Analysis
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACIWX | 0.75 | (0.14) | 0.00 | 0.38 | 0.00 | 1.45 | 5.11 | |||
| RRRZX | 0.88 | (0.03) | 0.00 | (0.16) | 0.00 | 1.63 | 4.71 | |||
| MRASX | 0.90 | (0.01) | 0.00 | (0.13) | 0.00 | 1.67 | 4.49 | |||
| PNDIX | 0.04 | 0.02 | 0.00 | 2.08 | 0.00 | 0.10 | 0.10 | |||
| VREQX | 0.85 | (0.14) | 0.00 | 0.44 | 0.00 | 1.43 | 4.60 | |||
| PJEAX | 0.85 | (0.03) | 0.00 | (0.16) | 0.00 | 1.61 | 4.95 | |||
| CREYX | 0.87 | (0.03) | 0.00 | (0.16) | 0.00 | 1.63 | 4.69 |