State Street Correlations
| STT-PG Preferred Stock | USD 24.04 0.21 0.88% |
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 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 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.
Very weak diversification
The correlation between State Street and NYA is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street and NYA in the same portfolio, assuming nothing else is changed.
State |
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 to buy it.
Moving together with State Preferred Stock
| 0.65 | HPH | Highest Performances Symbol Change | PairCorr |
| 0.83 | PFG | Principal Financial Earnings Call This Week | PairCorr |
| 0.78 | OAK-PA | Oaktree Capital Group | PairCorr |
| 0.74 | OAK-PB | Oaktree Capital Group | PairCorr |
Moving against State Preferred Stock
| 0.59 | SOHL | Southern Trust Securities | PairCorr |
| 0.42 | GLAE | Glassbridge Enterprises | PairCorr |
| 0.42 | SVVC | Firsthand Technology | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between State Preferred 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GAB-PG | 0.49 | (0.04) | 0.00 | (0.14) | 0.00 | 1.00 | 3.04 | |||
| GGT-PE | 0.40 | (0.04) | 0.00 | (0.08) | 0.00 | 0.80 | 3.27 | |||
| GAB-PH | 0.34 | (0.03) | 0.00 | (0.09) | 0.00 | 0.71 | 2.56 | |||
| NCV-PA | 0.59 | 0.10 | 0.02 | 0.91 | 0.89 | 1.24 | 6.76 | |||
| CBH | 0.29 | 0.03 | (0.10) | 0.27 | 0.27 | 0.58 | 1.96 | |||
| CXH | 0.37 | (0.04) | 0.00 | (0.04) | 0.00 | 0.67 | 2.42 | |||
| EOT | 0.37 | (0.02) | (0.13) | 0.02 | 0.52 | 0.79 | 2.57 | |||
| FNCSF | 2.17 | 0.21 | 0.03 | 0.33 | 3.19 | 6.10 | 18.24 | |||
| DDWWF | 0.87 | 0.00 | (0.01) | 0.07 | 1.75 | 2.49 | 17.35 | |||
| LGGNY | 0.87 | (0.02) | 0.00 | (0.37) | 0.00 | 1.83 | 5.36 |
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.Did you try this?
Run Watchlist Optimization Now
Watchlist OptimizationOptimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
| All Next | Launch Module |
State Street Corporate Management
Elected by the shareholders, the State Street's board of directors comprises two types of representatives: State Street inside directors who are chosen from within the company, and outside directors, selected externally and held independent of State. The board's role is to monitor State Street's management team and ensure that shareholders' interests are well served. State Street's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, State Street's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Francisco Silva | Exec Advisor | Profile | |
| Brian Franz | Chief VP | Profile | |
| Aunoy Banerjee | Head VP | Profile | |
| Michael Richards | Exec Officer | Profile | |
| Andrew Erickson | Chief VP | Profile | |
| Ronald OHanley | Chairman CEO | Profile | |
| Andrew Zitney | Ex Services | Profile |
Already Invested in State Street?
The danger of trading State Street is mainly related to its market volatility and Company 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 Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile State Street 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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in State Street. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for State Preferred Stock analysis
When running State Street's 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 the 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.
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Global Correlations Find global opportunities by holding instruments from different markets |