State Street Correlations

SSBOX Fund  USD 11.59  0.05  0.43%   
The current 90-days correlation between State Street Target and Fidelity Freedom Index is 0.95 (i.e., Almost no 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

Significant diversification

The correlation between State Street Target and DJI is 0.08 (i.e., Significant 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 persons.

Moving together with State Mutual Fund

  0.98SSAHX State Street TargetPairCorr
  0.86SSAJX State Street TargetPairCorr
  0.9SSADX State Street TargetPairCorr
  0.78SSAOX State Street TargetPairCorr
  0.82SSAKX State Street TargetPairCorr
  0.86SSBYX State Street TargetPairCorr
  0.86SSBWX State Street TargetPairCorr
  0.84SSCKX State Street TargetPairCorr
  0.81SSCNX State Street TargetPairCorr
  0.84SSCJX State Street TargetPairCorr
  0.81SSCQX State Street TargetPairCorr
  0.85SSAZX State Street TargetPairCorr
  0.75SSAUX State Street TargetPairCorr
  0.97SSBRX State Street TargetPairCorr
  0.97SSBSX State Street TargetPairCorr
  0.9SSBNX State Street TargetPairCorr
  0.73SSDYX State Street TargetPairCorr
  0.78SSDEX State Street TargetPairCorr
  0.78SSDDX State Street TargetPairCorr
  0.73SSDOX State Street TargetPairCorr
  0.75SSDJX State Street TargetPairCorr
  0.74SSDLX State Street TargetPairCorr
  0.73SSDWX State Street TargetPairCorr
  0.73SSDQX State Street TargetPairCorr
  0.73SSFJX State Street TargetPairCorr
  0.73SSFKX State Street TargetPairCorr
  0.9SSFNX State Street TargetPairCorr

Related Correlations Analysis

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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   
FXIFXFQIFX
FLIFXFQIFX
FLIFXFXIFX
IPSHXSCRYY
APAAXFLIFX
APAAXFQIFX
  
High negative correlations   
AQUIAAVXF
IPSHX444859BR2
BRRAYFXIFX
BRRAYFQIFX
SCRYY444859BR2
BRRAYAPAAX

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FQIFX  0.31  0.00 (0.26) 0.24  0.38 
 0.67 
 1.81 
FXIFX  0.34  0.01 (0.23) 0.52  0.41 
 0.76 
 1.97 
FLIFX  0.24 (0.03)(0.38) 0.00  0.28 
 0.47 
 1.40 
AAVXF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
444859BR2  1.35 (0.09) 0.00 (0.14) 0.00 
 5.93 
 16.62 
SCRYY  2.09  0.30  0.05 (0.60) 2.04 
 5.61 
 12.99 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
IPSHX  0.55  0.03  0.02  0.15  0.45 
 1.13 
 3.97 
APAAX  0.13  0.00 (0.39) 0.09  0.16 
 0.31 
 1.13 
BRRAY  1.27 (0.13) 0.00  0.01  0.00 
 0.00 
 34.02