State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSBWX Fund  USD 14.45  0.06  0.42%   
The current 90-days correlation between State Street Target and Ssga International Stock is 0.44 (i.e., Very 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

Very poor diversification

The correlation between State Street Target and DJI is 0.89 (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 private.

Moving together with State Mutual Fund

  0.92SSAIX Ssga International StockPairCorr
  1.0SSCNX State Street TargetPairCorr
  1.0SSCJX State Street TargetPairCorr
  1.0SSBRX State Street TargetPairCorr
  1.0SSDDX State Street TargetPairCorr
  0.99SSDOX State Street TargetPairCorr
  1.0SSDJX State Street TargetPairCorr
  0.99SSDWX State Street TargetPairCorr
  0.99SSFNX State Street TargetPairCorr
  0.96SSIPX Ssga International StockPairCorr
  0.95VTHRX Vanguard Target RetiPairCorr
  0.96AAETX American Funds 2030PairCorr
  0.95CCETX American Funds 2030PairCorr
  0.95FAETX American Funds 2030PairCorr
  0.96FFFEX Fidelity Freedom 2030PairCorr
  0.96FGTKX Fidelity Freedom 2030PairCorr
  0.98FSNQX Fidelity Freedom 2030PairCorr
  0.95TRRCX T Rowe PricePairCorr
  0.96TRFHX T Rowe PricePairCorr
  0.92NHS Neuberger Berman HighPairCorr
  0.85GCEAX Ab Global EPairCorr
  0.91EMLKX Mfs Emerging MarketsPairCorr
  0.94FSPSX Fidelity InternationalPairCorr
  0.95AAAIX Strategic Allocation:PairCorr
  0.86AAMAX Absolute Capital AssetPairCorr
  0.95FQIFX Fidelity Freedom IndexPairCorr
  0.75QCBMPX Cref Core BondPairCorr
  0.9FGDIX Fidelity Advisor Gold Steady GrowthPairCorr
  0.88USCGX Capital GrowthPairCorr
  0.93MEIKX Mfs Value FundPairCorr
  0.73DCACX Dreyfus California AmtPairCorr
  0.77GCFUX Goldman Sachs EPairCorr
  0.9RNPFX New PerspectivePairCorr
  0.63PGKCX Pgim Jennison TechnologyPairCorr
  0.74JDJAX Jhancock DiversifiedPairCorr
  0.93MEIIX Mfs Value FundPairCorr
  0.72VFIDX Vanguard IntermediatePairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.94VGSTX Vanguard StarPairCorr

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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