State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSBWX Fund  USD 14.25  0.06  0.42%   
The current 90-days correlation between State Street Target and Small Midcap Dividend Income is 0.11 (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

Poor diversification

The correlation between State Street Target and DJI is 0.76 (i.e., 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
  0.87SSDOX State Street TargetPairCorr
  1.0SSDJX State Street TargetPairCorr
  0.87SSDWX State Street TargetPairCorr
  0.96SSIPX Ssga International StockPairCorr
  0.94VTHRX Vanguard Target RetiPairCorr
  0.97AAETX American Funds 2030PairCorr
  0.94CCETX American Funds 2030PairCorr
  0.94FAETX American Funds 2030PairCorr
  0.96FFFEX Fidelity Freedom 2030PairCorr
  0.96FGTKX Fidelity Freedom 2030PairCorr
  0.98FSNQX Fidelity Freedom 2030PairCorr
  0.95TRFHX T Rowe PricePairCorr
  0.85SMPIX Semiconductor UltrasectorPairCorr
  0.83SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.72RSNRX Victory Global NaturalPairCorr
  0.72RSNYX Victory Global NaturalPairCorr
  0.72RGNCX Victory Global NaturalPairCorr
  0.76MLPLX Oppenheimer Steelpath MlpPairCorr
  0.68PMPIX Precious Metals UltrPairCorr
  0.8FELIX Fidelity Advisor SemPairCorr
  0.76MLPMX Oppenheimer Steelpath MlpPairCorr
  0.82UPMMX Precious Metals And Steady GrowthPairCorr
  0.8OCRDX Oppenheimer RisingPairCorr
  0.99SRGCX Stringer GrowthPairCorr
  0.84NUGIX Nuveen Santa BarbaraPairCorr
  0.79QFVRX Pear Tree PolarisPairCorr
  0.98SPGSX State Street PremierPairCorr
  0.92DBIVX Deutsche Global MacroPairCorr
  0.89GABTX Gamco Global TelecomPairCorr
  0.67APHMX Artisan Mid CapPairCorr
  0.81MGINX Deutsche Global MacroPairCorr

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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