State Street Correlations

SSCJX Fund

USD 15.16 0.06 0.40%

The current 90-days correlation between State Street Target and Virtus Seix Government is 0.04 (i.e., Significant 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 weak diversification

The correlation between State Street Target and DJI is 0.53 (i.e., Very 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 bureau of economic analysis.

Moving together with State Mutual Fund

0.61	SSAIX	Ssga International Stock	Pair Corr
0.99	SSBWX	State Street Target	Pair Corr
1.0	SSCNX	State Street Target	Pair Corr
0.98	SSBRX	State Street Target	Pair Corr
0.99	SSDDX	State Street Target	Pair Corr
0.92	SSDOX	State Street Target	Pair Corr
0.97	SSDJX	State Street Target	Pair Corr
0.89	SSDWX	State Street Target	Pair Corr
0.98	SSFNX	State Street Target	Pair Corr
0.61	SSIPX	Ssga International Stock	Pair Corr
0.76	CCFTX	American Funds 2035	Pair Corr
0.61	FFTHX	Fidelity Freedom 2035	Pair Corr
0.63	FWTKX	Fidelity Freedom 2035	Pair Corr
0.64	FIHFX	Fidelity Freedom Index	Pair Corr
0.64	FFEZX	Fidelity Freedom Index	Pair Corr

Related Correlations Analysis

	SSAGX	TWACX	SGVDX	BIGBX	SNGYX	GVTFX	USGFX
SSAGX		0.92	0.39	0.83	0.74	0.58	0.59	SSAGX
TWACX	0.92		0.59	0.88	0.86	0.76	0.76	TWACX
SGVDX	0.39	0.59		0.7	0.85	0.94	0.95	SGVDX
BIGBX	0.83	0.88	0.7		0.89	0.82	0.83	BIGBX
SNGYX	0.74	0.86	0.85	0.89		0.91	0.92	SNGYX
GVTFX	0.58	0.76	0.94	0.82	0.91		1.0	GVTFX
USGFX	0.59	0.76	0.95	0.83	0.92	1.0		USGFX
	SSAGX	TWACX	SGVDX	BIGBX	SNGYX	GVTFX	USGFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SSAGX	0.04	0.01	0.00	0.95	0.00	0.00	0.10	(0.10)	0.51
TWACX	0.05	0.00	(0.44)	(0.20)	0.00	(0.13)	0.11	(0.11)	0.33
SGVDX	0.14	0.00	(0.25)	(0.02)	0.16	(0.16)	0.30	(0.30)	0.91
BIGBX	0.10	0.00	(0.34)	0.05	0.00	(0.15)	0.20	(0.20)	0.60
SNGYX	0.13	0.00	(0.30)	(1.03)	0.05	(0.18)	0.29	(0.29)	0.87
GVTFX	0.14	0.00	(0.28)	0.13	0.11	(0.17)	0.33	(0.25)	0.91
USGFX	0.14	0.00	(0.28)	0.12	0.12	(0.17)	0.33	(0.25)	0.91

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State Street Correlations

State Street Correlation With Market

Very weak diversification

Moving together with State Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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