State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSDEX Fund  USD 17.20  0.11  0.64%   
The current 90-days correlation between State Street Target and Ultra Short Term Fixed is 0.1 (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 0.77 (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 american community survey.

Moving together with State Mutual Fund

  0.87SSAHX State Street TargetPairCorr
  1.0SSAJX State Street TargetPairCorr
  0.64SSAFX State Street AggregatePairCorr
  0.88SSAOX State Street TargetPairCorr
  0.64SSAQX State Street CorePairCorr
  1.0SSAKX State Street TargetPairCorr
  0.95SSBYX State Street TargetPairCorr
  1.0SSCKX State Street TargetPairCorr
  0.95SSCQX State Street TargetPairCorr
  0.88SSAZX State Street TargetPairCorr
  0.88SSAYX State Street TargetPairCorr
  0.99SSDYX State Street TargetPairCorr
  0.83SSEYX State Street EquityPairCorr
  1.0SSDLX State Street TargetPairCorr
  0.95SSDQX State Street TargetPairCorr
  0.98SSGLX State Street GlobalPairCorr
  0.84SSGHX State Street GlobalPairCorr
  0.85SSGJX State Street GlobalPairCorr
  0.67SSFDX State Street AggregatePairCorr
  0.64SSFCX State Street AggregatePairCorr
  0.95SSFJX State Street TargetPairCorr
  0.95SSFKX State Street TargetPairCorr
  0.86SSFOX State Street TargetPairCorr
  0.78SSIQX Ssga International StockPairCorr
  0.96SSILX Ssga International StockPairCorr
  0.97SSHQX State Street HedgedPairCorr
  0.86SSMLX State Street SmallmidPairCorr
  0.84SSMHX State Street SmallmidPairCorr
  0.95SSMJX State Street SmallmidPairCorr
  0.78SSSWX State Street EquityPairCorr
  0.82SSSYX State Street EquityPairCorr
  0.76SSSVX State Street EquityPairCorr
  0.79STFAX State Street EquityPairCorr
  0.93SUSSX State Street InstituPairCorr
  0.82SUSIX State Street InstituPairCorr
  0.83SVSPX Ssga Sp 500PairCorr
  0.88SIVIX State Street InstituPairCorr

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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