State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSDJX Fund  USD 17.29  0.17  0.99%   
The current 90-days correlation between State Street Target and Ssga International Stock is 0.64 (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

Poor diversification

The correlation between State Street Target and DJI is 0.61 (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 bureau of economic analysis.

Moving together with State Mutual Fund

  0.86SSAIX Ssga International StockPairCorr
  0.97SSBWX State Street TargetPairCorr
  1.0SSCNX State Street TargetPairCorr
  0.97SSCJX State Street TargetPairCorr
  1.0SSBRX State Street TargetPairCorr
  0.97SSDDX State Street TargetPairCorr
  1.0SSDOX State Street TargetPairCorr
  0.96SSDWX State Street TargetPairCorr
  0.99SSFNX State Street TargetPairCorr
  0.92SSIPX Ssga International StockPairCorr
  0.94VFIFX Vanguard Target RetiPairCorr
  0.92AALTX American Funds 2050PairCorr
  0.92CCITX American Funds 2050PairCorr
  0.94FAITX American Funds 2050PairCorr
  0.94FIPFX Fidelity Freedom IndexPairCorr
  0.94FFOPX Fidelity Freedom IndexPairCorr
  0.96FFFHX Fidelity Freedom 2050PairCorr
  0.96FZTKX Fidelity Freedom 2050PairCorr
  0.96TRRMX T Rowe PricePairCorr
  0.71CII Blackrock EnhancedPairCorr
  0.79ETV Eaton Vance TaxPairCorr
  0.89CLM Cornerstone StrategicPairCorr
  0.93CRF Cornerstone Total ReturnPairCorr
  0.88USA Liberty All StarPairCorr
  0.93NFJ Virtus Dividend InterestPairCorr
  0.94ALVAX American Beacon LargePairCorr
  0.88ANDRX Aqr InternationalPairCorr
  0.78LUBAX Lord Abbett UltraPairCorr
  0.83GCMAX Goldman Sachs MidPairCorr
  0.92MEIFX Meridian Equity IncomePairCorr
  0.95PDAMX Pgim Target DatePairCorr
  0.93FQIFX Fidelity Freedom IndexPairCorr
  0.87TLVIX Thrivent Large CapPairCorr
  0.84ASXDX Short Duration StrategicPairCorr
  0.91DHICX Wells Fargo AdvantagePairCorr

Moving against State Mutual Fund

  0.51IFN India ClosedPairCorr
  0.38IIF Morgan Stanley IndiaPairCorr

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
SSAIX  0.54  0.10  0.10  0.25  0.43 
(0.65)
 1.19 
(1.06)
 3.51 
SSBWX  0.36  0.08 (0.02) 1.25  0.22 
(0.46)
 0.69 
(0.67)
 4.20 
SSCNX  0.48  0.07  0.05  0.24  0.35 
(0.56)
 0.90 
(0.87)
 5.95 
SSCJX  0.43  0.09  0.01  1.12  0.34 
(0.52)
 0.79 
(0.83)
 4.58 
SSBRX  0.27  0.04 (0.07) 0.23  0.02 
(0.34)
 0.55 
(0.49)
 3.21 
SSDDX  0.49  0.10  0.02  1.11  0.40 
(0.56)
 0.90 
(0.88)
 4.66 
SSDOX  0.52  0.04  0.02  0.16  0.51 
(0.59)
 1.06 
(1.01)
 4.01 
SSDJX  0.52  0.06  0.04  0.19  0.44 
(0.60)
 1.01 
(0.98)
 5.15 
SSDWX  0.50  0.07 (0.02) 0.71  0.52 
(0.54)
 1.01 
(1.02)
 2.69 
SSFNX  0.21  0.02 (0.17) 0.18  0.00 
(0.28)
 0.44 
(0.36)
 1.77 

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY