State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSAHX Fund   13.05  0.04  0.31%   
The current 90-days correlation between State Street Target and Dodge Global Stock is 0.38 (i.e., Weak diversification). 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 Street Correlation With Market

Poor diversification

The correlation between State Street Target and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Target 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 Street Target. 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 rate.

Moving together with State Mutual Fund

  1.0SSAJX State Street TargetPairCorr
  0.62SSAFX State Street AggregatePairCorr
  0.93SSAOX State Street TargetPairCorr
  1.0SSAKX State Street TargetPairCorr
  0.78SSBYX State Street TargetPairCorr
  0.8SSCKX State Street TargetPairCorr
  0.77SSCQX State Street TargetPairCorr
  0.97SSAWX State Street TargetPairCorr
  0.8SSAZX State Street TargetPairCorr
  0.8SSAYX State Street TargetPairCorr
  1.0SSAUX State Street TargetPairCorr
  0.8SSBSX State Street TargetPairCorr
  0.8SSDYX State Street TargetPairCorr
  0.61SSEYX State Street EquityPairCorr
  0.8SSDEX State Street TargetPairCorr
  0.8SSDLX State Street TargetPairCorr
  0.77SSDQX State Street TargetPairCorr
  0.77SSGLX State Street GlobalPairCorr
  0.75SSGHX State Street GlobalPairCorr
  0.97SSGJX State Street GlobalPairCorr
  0.88SSGVX State Street GlobalPairCorr
  0.67SSFDX State Street AggregatePairCorr
  0.62SSFCX State Street AggregatePairCorr
  0.93SSFJX State Street TargetPairCorr
  0.77SSFKX State Street TargetPairCorr
  0.65SSFEX State Street AggregatePairCorr
  0.79SSFRX State Street EquityPairCorr
  1.0SSFOX State Street TargetPairCorr
  0.65SSIQX Ssga International StockPairCorr
  0.64SSILX Ssga International StockPairCorr
  0.95SSHQX State Street HedgedPairCorr
  0.72SSKEX State Street EmergingPairCorr
  0.93SSMLX State Street SmallmidPairCorr
  0.91SSMKX State Street SmallmidPairCorr
  0.77SSMHX State Street SmallmidPairCorr
  0.79SSMJX State Street SmallmidPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between State Mutual Fund performing well and State Street 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 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.

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