State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSBYX Fund  USD 14.43  0.05  0.35%   
The current 90-days correlation between State Street Target and Fidelity Freedom 2010 is 0.93 (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

Almost no diversification

The correlation between State Street Target and DJI is 0.94 (i.e., Almost no 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 services.

Moving together with State Mutual Fund

  1.0SSCQX State Street TargetPairCorr
  0.93SSEYX State Street EquityPairCorr
  1.0SSDQX State Street TargetPairCorr
  0.64SSFDX State Street AggregatePairCorr
  0.93SSSYX State Street EquityPairCorr
  0.94SSSVX State Street EquityPairCorr
  0.93SVSPX Ssga Sp 500PairCorr
  0.93SIVIX State Street InstituPairCorr
  0.9EGLBX Elfun InternationalPairCorr
  0.92ELDFX Elfun DiversifiedPairCorr
  0.82ELFTX Elfun Tax ExemptPairCorr
  1.0VTHRX Vanguard Target RetiPairCorr
  0.9AAETX American Funds 2030PairCorr
  0.95CCETX American Funds 2030PairCorr
  0.99FAETX American Funds 2030PairCorr
  1.0FFFEX Fidelity Freedom 2030PairCorr
  1.0FGTKX Fidelity Freedom 2030PairCorr
  0.97FSNQX Fidelity Freedom 2030PairCorr
  0.99TRFHX T Rowe PricePairCorr
  0.67RYMEX Commodities StrategyPairCorr
  0.7RYMJX Commodities StrategyPairCorr
  0.71RYMBX Commodities StrategyPairCorr
  0.87BRUFX Bruce Fund BrucePairCorr
  0.84SPGSX State Street PremierPairCorr
  0.89KF Korea ClosedPairCorr
  1.0RRTPX T Rowe PricePairCorr
  0.97TCIWX Tiaa Cref InternationalPairCorr
  0.95CLBRX Columbia Capital AllPairCorr
  0.77WQAIX Westwood Quality AllcapPairCorr
  0.91TLWPX Tiaa Cref LifecyclePairCorr
  0.83MFLMX Blackrock S TPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.73DLRHX Delaware HealthcarePairCorr
  0.9RPIHX T Rowe PricePairCorr
  0.95SCUPX Strategic Asset ManaPairCorr
  0.92RIGFX International Growth AndPairCorr
  0.78VSTRX Voya Short TermPairCorr

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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