State Street Correlations

SSAFX
 Fund
  

USD 88.01  0.21  0.24%   

The correlation of State Street is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as State Street moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if State Street Aggregate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, take a look at World Market Map.
  
The ability to find closely correlated positions to State Street could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace State Street when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back State Street - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling State Street Aggregate to buy it.

Moving together with State Street

+1.0VBTIXVanguard Bond IndexPairCorr
+1.0VBTLXVanguard Total BondPairCorr
+1.0VTBSXVanguard Total BondPairCorr
+0.96VBMFXVanguard Bond IndexPairCorr
+1.0VTBIXVanguard Total BondPairCorr
+0.96VTBNXVanguard Total BondPairCorr
+0.99CFACXBond FundPairCorr
+0.99BFAFXBond FundPairCorr
+0.99ABNDXBond FundPairCorr
+0.99BFACXBond FundPairCorr
+0.75VTSNXVanguard Total InterPairCorr
+0.75VTISXVanguard Total InterPairCorr

Related Correlations

LONZ
CFORX
PFRNX
CFOAX
DFRAX
RCRFX
ZFLCX
LONZ
0.960.950.960.950.670.92
LONZ
CFORX
0.960.981.00.980.730.98
CFORX
PFRNX
0.950.980.980.990.790.98
PFRNX
CFOAX
0.961.00.980.980.730.98
CFOAX
DFRAX
0.950.980.990.980.810.98
DFRAX
RCRFX
0.670.730.790.730.810.79
RCRFX
ZFLCX
0.920.980.980.980.980.79
ZFLCX
LONZ
CFORX
PFRNX
CFOAX
DFRAX
RCRFX
ZFLCX
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CFOAXCFORX
DFRAXPFRNX
PFRNXCFORX
DFRAXCFORX
ZFLCXCFORX
CFOAXPFRNX
  

State Street Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between State Mutual Fund performing well and State Street Mutual Fund doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze State Street's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in State Street without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in State Street Aggregate?

The danger of trading State Street Aggregate is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of State Street is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than State Street. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile State Street Aggregate is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. Note that the State Street Aggregate information on this page should be used as a complementary analysis to other State Street's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for State Mutual Fund analysis

When running State Street Aggregate price analysis, check to measure State Street's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy State Street is operating at the current time. Most of State Street's value examination focuses on studying past and present price action to predict the probability of State Street's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move State Street's price. Additionally, you may evaluate how the addition of State Street to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between State Street's value and its price as these two are different measures arrived at by different means. Investors typically determine State Street value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, State Street's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.