State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSCQX Fund  USD 16.45  0.07  0.43%   
The current 90-days correlation between State Street Target and T Rowe Price is 0.71 (i.e., Poor 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 0.95 (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 real.

Moving together with State Mutual Fund

  0.92SSAHX State Street TargetPairCorr
  0.92SSAJX State Street TargetPairCorr
  0.94SSAOX State Street TargetPairCorr
  0.67SSAQX State Street CorePairCorr
  0.93SSAKX State Street TargetPairCorr
  1.0SSBYX State Street TargetPairCorr
  0.93SSCKX State Street TargetPairCorr
  0.97SSAWX State Street TargetPairCorr
  0.93SSAZX State Street TargetPairCorr
  0.97SSAYX State Street TargetPairCorr
  0.95SSAUX State Street TargetPairCorr
  0.92SSBSX State Street TargetPairCorr
  0.97SSDYX State Street TargetPairCorr
  0.93SSEYX State Street EquityPairCorr
  0.94SSDEX State Street TargetPairCorr
  0.95SSDLX State Street TargetPairCorr
  1.0SSDQX State Street TargetPairCorr
  0.96SSGLX State Street GlobalPairCorr
  0.92SSGHX State Street GlobalPairCorr
  0.96SSGJX State Street GlobalPairCorr
  0.97SSGVX State Street GlobalPairCorr
  1.0SSFJX State Street TargetPairCorr
  1.0SSFKX State Street TargetPairCorr
  0.93SSFRX State Street EquityPairCorr
  0.94SSFOX State Street TargetPairCorr
  0.9SSIQX Ssga International StockPairCorr
  0.87SSILX Ssga International StockPairCorr
  0.95SSHQX State Street HedgedPairCorr
  0.88SSKEX State Street EmergingPairCorr
  0.97SSMLX State Street SmallmidPairCorr
  0.97SSMKX State Street SmallmidPairCorr
  0.96SSMHX State Street SmallmidPairCorr
  0.95SSMJX State Street SmallmidPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SSBYX  0.31  0.01 (0.06) 0.09  0.36 
(0.33)
 0.66 
(0.71)
 1.98 
MACFX  0.37  0.02 (0.05) 0.51  0.82 
(0.39)
 0.54 
(0.54)
 9.34 
JRBYX  0.32  0.01 (0.06) 0.09  0.33 
(0.33)
 0.67 
(0.63)
 1.90 
CCFAX  0.36  0.03 (0.06) 0.38  0.41 
(0.41)
 0.72 
(0.75)
 2.12 
FFFCX  0.19  0.00 (0.18) 0.09  0.14 
(0.21)
 0.41 
(0.41)
 0.95 
SSDQX  0.48  0.02  0.00  0.10  0.54 
(0.51)
 1.00 
(1.01)
 2.84 
NBSRX  0.67  0.10  0.11  0.22  0.53 
(0.71)
 1.35 
(0.94)
 6.89 
FHAPX  0.51  0.03  0.02  0.12  0.62 
(0.52)
 1.04 
(1.16)
 2.80 
FHCIX  0.71  0.08  0.05  0.24  0.63 
(0.87)
 1.72 
(1.10)
 5.13 
TRRAX  0.29  0.05  0.02  0.20  0.00 
(0.36)
 0.59 
(0.52)
 3.84 

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