State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSBRX Fund  USD 12.94  0.01  0.08%   
The current 90-days correlation between State Street Target and Small Cap Equity is -0.12 (i.e., Good 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

Very poor diversification

The correlation between State Street Target and DJI is 0.87 (i.e., Very 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 real.

Moving together with State Mutual Fund

  0.93SSAIX Ssga International StockPairCorr
  1.0SSBWX State Street TargetPairCorr
  1.0SSCNX State Street TargetPairCorr
  1.0SSCJX State Street TargetPairCorr
  0.8SSDDX State Street TargetPairCorr
  0.99SSDOX State Street TargetPairCorr
  1.0SSDJX State Street TargetPairCorr
  0.99SSDWX State Street TargetPairCorr
  1.0SSFNX State Street TargetPairCorr
  0.97SSIPX Ssga International StockPairCorr
  0.96VTTVX Vanguard Target RetiPairCorr
  0.97AADTX American Funds 2025PairCorr
  0.66CCDTX American Funds 2025PairCorr
  0.66FAPTX American Funds 2025PairCorr
  0.99FSNPX Fidelity Freedom 2025PairCorr
  0.99FDTKX Fidelity Freedom 2025PairCorr
  0.97FFTWX Fidelity Freedom 2025PairCorr
  0.94TREHX T Rowe PricePairCorr
  0.94PARJX T Rowe PricePairCorr
  0.84LIIAX Columbia Porate IncomePairCorr
  0.79SRINX Columbia Porate IncomePairCorr
  0.79WRHIX Ivy High IncomePairCorr
  0.81WHIAX Ivy High IncomePairCorr
  0.82IHIFX Ivy High IncomePairCorr
  0.82IVHIX Ivy High IncomePairCorr
  0.98SWGRX Schwab Target 2015PairCorr
  0.93PSFAX Short Term FundPairCorr
  0.91FESCX First Eagle SmallPairCorr
  0.74RPFDX T Rowe PricePairCorr
  0.71SSPIX Simt Sp 500PairCorr
  0.87ACSDX Invesco ComstockPairCorr
  0.71JORRX Janus Global SelectPairCorr
  0.86TAFTX Tax Exempt FundPairCorr
  0.83GSWPX Goldman Sachs SmallmidPairCorr
  0.95IMOYX Pioneer SolutionsPairCorr
  0.96GEBNX Goldman Sachs EsgPairCorr
  1.0NDCRX American Funds RetirementPairCorr

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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