State Street Correlations

SSCNX Fund

USD 15.96 0.07 0.44%

The current 90-days correlation between State Street Target and One Choice In is 0.45 (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 weak diversification

The correlation between State Street Target and DJI is 0.55 (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 employment.

Moving together with State Mutual Fund

0.61	SSAIX	Ssga International Stock	Pair Corr
0.99	SSBWX	State Street Target	Pair Corr
1.0	SSCJX	State Street Target	Pair Corr
0.98	SSBRX	State Street Target	Pair Corr
0.82	SSDDX	State Street Target	Pair Corr
0.89	SSDOX	State Street Target	Pair Corr
0.97	SSDJX	State Street Target	Pair Corr
0.85	SSDWX	State Street Target	Pair Corr
0.98	SSFNX	State Street Target	Pair Corr
0.62	SSIPX	Ssga International Stock	Pair Corr
0.78	CCGTX	American Funds 2040	Pair Corr

Moving against State Mutual Fund

0.31	TRRDX	T Rowe Price	Pair Corr
0.4	TLFIX	Tiaa Cref Lifecycle	Pair Corr
0.39	SMPSX	Semiconductor Ultrasector	Pair Corr
0.33	KDHIX	Deutsche Croci Equity	Pair Corr

Related Correlations Analysis

	ARSRX	JIBBX	PARKX	DRIWX	SXMAX	TRRJX
ARSRX		0.91	0.95	0.91	0.93	0.99	ARSRX
JIBBX	0.91		0.88	0.84	0.75	0.93	JIBBX
PARKX	0.95	0.88		0.86	0.85	0.96	PARKX
DRIWX	0.91	0.84	0.86		0.89	0.89	DRIWX
SXMAX	0.93	0.75	0.85	0.89		0.9	SXMAX
TRRJX	0.99	0.93	0.96	0.89	0.9		TRRJX
	ARSRX	JIBBX	PARKX	DRIWX	SXMAX	TRRJX

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
ARSRX	0.29	0.03	(0.06)	0.16	0.16	(0.35)	0.58	(0.50)	2.86
JIBBX	0.25	0.00	(0.14)	0.09	0.23	(0.30)	0.51	(0.50)	1.33
PARKX	0.47	0.07	0.00	0.50	0.44	(0.51)	0.95	(0.85)	3.83
DRIWX	0.34	0.04	(0.04)	0.22	0.16	(0.46)	0.61	(0.59)	3.93
SXMAX	0.53	0.14	0.16	0.41	0.16	(0.72)	0.56	(0.56)	14.63
TRRJX	0.48	0.04	0.03	0.15	0.44	(0.52)	0.96	(0.89)	3.80

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC