State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSAOX Fund   17.35  0.02  0.12%   
The current 90-days correlation between State Street Target and Saat Moderate Strategy is 0.61 (i.e., Poor 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

Almost no diversification

The correlation between State Street Target and DJI is 0.9 (i.e., Almost no 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 employment.

Moving together with State Mutual Fund

  1.0SSAHX State Street TargetPairCorr
  1.0SSAJX State Street TargetPairCorr
  0.67SSAFX State Street AggregatePairCorr
  1.0SSAKX State Street TargetPairCorr
  0.96SSBYX State Street TargetPairCorr
  1.0SSCKX State Street TargetPairCorr
  0.96SSCQX State Street TargetPairCorr
  1.0SSAWX State Street TargetPairCorr
  1.0SSAZX State Street TargetPairCorr
  0.99SSAYX State Street TargetPairCorr
  0.63SSASX State Street IncomePairCorr
  1.0SSAUX State Street TargetPairCorr
  1.0SSBSX State Street TargetPairCorr
  0.99SSDYX State Street TargetPairCorr
  0.79SSEYX State Street EquityPairCorr
  1.0SSDEX State Street TargetPairCorr
  1.0SSDLX State Street TargetPairCorr
  0.96SSDQX State Street TargetPairCorr
  0.97SSGLX State Street GlobalPairCorr
  0.97SSGHX State Street GlobalPairCorr
  0.97SSGJX State Street GlobalPairCorr
  0.96SSGVX State Street GlobalPairCorr
  0.69SSFDX State Street AggregatePairCorr
  0.65SSFCX State Street AggregatePairCorr
  0.96SSFJX State Street TargetPairCorr
  0.96SSFKX State Street TargetPairCorr
  0.69SSFEX State Street AggregatePairCorr
  0.8SSFRX State Street EquityPairCorr
  0.91SSFPX State Street TargetPairCorr
  0.99SSFOX State Street TargetPairCorr
  0.96SSIQX Ssga International StockPairCorr
  0.96SSILX Ssga International StockPairCorr
  0.96SSHQX State Street HedgedPairCorr
  0.94SSKEX State Street EmergingPairCorr
  0.94SSMLX State Street SmallmidPairCorr
  0.94SSMKX State Street SmallmidPairCorr
  0.93SSMHX State Street SmallmidPairCorr
  0.94SSMJX 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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