State Farm Correlations

SFITX Fund

USD 9.73 0.01 0.10%

The current 90-days correlation between State Farm Interim and Financials Ultrasector Profund is 0.11 (i.e., Average diversification). The correlation of State Farm 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 Farm Correlation With Market

Poor diversification

The correlation between State Farm Interim and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Farm Interim 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 Farm Interim. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with State Mutual Fund

0.74	STFGX	State Farm Growth	Pair Corr
0.76	STFBX	State Farm Balanced	Pair Corr
0.71	SFBDX	State Farm Municipal	Pair Corr
0.79	SIIAX	State Farm International	Pair Corr
0.98	VFIRX	Vanguard Short Term	Pair Corr
0.98	VFISX	Vanguard Short Term	Pair Corr
0.9	VSBIX	Vanguard Short Term	Pair Corr
0.97	VSGBX	Vanguard Short Term	Pair Corr
0.96	VSGDX	Vanguard Short Term	Pair Corr
0.98	FUMBX	Fidelity Short Term	Pair Corr
0.89	ECLDX	Eaton Vance Short	Pair Corr
0.9	EALDX	Eaton Vance Short	Pair Corr
0.89	EILDX	Eaton Vance Short	Pair Corr
0.9	EASDX	Eaton Vance Short	Pair Corr
0.77	LBDRX	Legg Mason Bw	Pair Corr
0.79	MINVX	Madison Investors	Pair Corr
0.78	CDVZX	Columbia Diversified	Pair Corr
0.86	DEBTX	Shelton Tactical Credit	Pair Corr
0.63	VVIIX	Voya Vacs Index	Pair Corr
0.7	IVINX	Ivy Global Growth	Pair Corr
0.74	SCUIX	Hartford Schroders Small	Pair Corr
0.72	FSOPX	Fidelity Series Small	Pair Corr
0.82	MUNDX	Mundoval Fund Mundoval	Pair Corr
0.72	ETORX	Eaton Vance Oregon	Pair Corr
0.65	SVPIX	Small Cap Value	Pair Corr
0.68	SGICX	Summit Global Investments	Pair Corr
0.61	MOEIX	Mainstay Growth Etf	Pair Corr
0.72	FDMLX	Fidelity Series Intrinsic	Pair Corr
0.81	ICTTX	Icon Information Tec	Pair Corr
0.76	LBWCX	Legg Mason Bw	Pair Corr

Related Correlations Analysis

	HILFX	FIKBX	MCBXX	PRISX	RMBLX	FNPIX
HILFX		0.89	0.0	0.92	0.88	0.9	HILFX
FIKBX	0.89		0.0	0.97	0.93	0.84	FIKBX
MCBXX	0.0	0.0		0.0	0.0	0.0	MCBXX
PRISX	0.92	0.97	0.0		0.95	0.87	PRISX
RMBLX	0.88	0.93	0.0	0.95		0.75	RMBLX
FNPIX	0.9	0.84	0.0	0.87	0.75		FNPIX
	HILFX	FIKBX	MCBXX	PRISX	RMBLX	FNPIX

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

PRISX	+ 0.97	FIKBX
RMBLX	+ 0.95	PRISX
RMBLX	+ 0.93	FIKBX
PRISX	+ 0.92	HILFX
FNPIX	+ 0.9	HILFX
FIKBX	+ 0.89	HILFX

High negative correlations

FNPIX	- 0.0	MCBXX
RMBLX	- 0.0	MCBXX
PRISX	- 0.0	MCBXX
MCBXX	- 0.0	FIKBX
MCBXX	- 0.0	HILFX

Risk-Adjusted Indicators

There is a big difference between State Mutual Fund performing well and State Farm Mutual 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 Farm'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
HILFX	1.08	0.07	0.07	0.13	1.08	(1.32)	2.07	(2.06)	12.15
FIKBX	0.75	0.10	0.10	0.17	0.73	(0.82)	1.70	(1.63)	8.31
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRISX	0.80	0.11	0.10	0.18	0.81	(0.86)	1.66	(1.67)	8.41
RMBLX	1.00	0.25	0.21	0.35	0.75	(1.20)	3.09	(1.19)	8.69
FNPIX	1.02	(0.09)	(0.04)	0.01	1.48	(0.93)	1.85	(2.56)	6.55

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