State Street Correlations

SSBWX Fund  USD 13.16  0.05  0.38%   
The current 90-days correlation between State Street Target and Qs Growth Fund is 0.17 (i.e., Average 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

Weak diversification

The correlation between State Street Target and DJI is 0.39 (i.e., Weak 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 housing.

Moving together with State Mutual Fund

  0.86SSAHX State Street TargetPairCorr
  0.94SSAJX State Street TargetPairCorr
  0.9SSADX State Street TargetPairCorr
  0.83SSAFX State Street AggregatePairCorr
  0.87SSAOX State Street TargetPairCorr
  0.88SSAQX State Street CorePairCorr
  0.87SSAKX State Street TargetPairCorr
  1.0SSBYX State Street TargetPairCorr
  0.94SSCKX State Street TargetPairCorr
  0.99SSCNX State Street TargetPairCorr
  0.99SSCJX State Street TargetPairCorr
  0.98SSCQX State Street TargetPairCorr
  0.92SSAWX State Street TargetPairCorr
  0.88SSAZX State Street TargetPairCorr
  0.95SSAYX State Street TargetPairCorr
  0.82SSASX State Street IncomePairCorr
  0.92SSAUX State Street TargetPairCorr
  1.0SSBRX State Street TargetPairCorr
  1.0SSBSX State Street TargetPairCorr
  0.99SSBNX State Street TargetPairCorr
  0.99SSBOX State Street TargetPairCorr
  0.94SSDYX State Street TargetPairCorr
  0.98SSDEX State Street TargetPairCorr
  0.98SSDDX State Street TargetPairCorr
  0.96SSDOX State Street TargetPairCorr
  0.97SSDJX State Street TargetPairCorr
  0.97SSDLX State Street TargetPairCorr
  0.94SSDWX State Street TargetPairCorr
  0.96SSDQX State Street TargetPairCorr
  0.78SSGLX State Street GlobalPairCorr
  0.79SSGHX State Street GlobalPairCorr
  0.79SSGJX State Street GlobalPairCorr
  0.62SSGVX State Street GlobalPairCorr
  0.81SSFDX State Street AggregatePairCorr
  0.84SSFCX State Street AggregatePairCorr
  0.69SSFJX State Street TargetPairCorr
  0.79SSFKX State Street TargetPairCorr

Related Correlations Analysis

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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.