State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSDOX Fund  USD 18.27  0.12  0.65%   
The current 90-days correlation between State Street Target and Goldman Sachs Clean is 0.54 (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

Almost no diversification

The correlation between State Street Target and DJI is 0.91 (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 various price indices.

Moving together with State Mutual Fund

  0.92SSAIX Ssga International StockPairCorr
  0.99SSBWX State Street TargetPairCorr
  0.99SSCNX State Street TargetPairCorr
  0.97VFFVX Vanguard Target RetiPairCorr
  0.97FAJTX American Funds 2055PairCorr
  0.98AAMTX American Funds 2055PairCorr
  0.97CCJTX American Funds 2055PairCorr
  0.97FDEWX Fidelity Freedom IndexPairCorr
  0.97FFLDX Fidelity Freedom IndexPairCorr
  0.98FDEEX Fidelity Freedom 2055PairCorr
  0.98FCTKX Fidelity Freedom 2055PairCorr
  0.98TRRNX T Rowe PricePairCorr
  0.85EKWDX Wells Fargo AdvantagePairCorr
  0.88PMPIX Precious Metals UltrPairCorr
  0.88PMPSX Precious Metals UltrPairCorr
  0.97LICQX Lord Abbett InternationalPairCorr
  0.88VITPX Vanguard InstitutionalPairCorr
  0.73FRNJX Franklin New JerseyPairCorr
  0.92LIAGX Lord Abbett InternationalPairCorr
  0.81RMFFX American MutualPairCorr
  0.76JDAEX James Alpha ManagedPairCorr
  0.97VTPSX Vanguard Total InterPairCorr
  0.83SCNSX Wells Fargo MonPairCorr
  0.8BCSKX Blackrock CommodityPairCorr
  0.94VSMAX Vanguard Small CapPairCorr
  0.95DHICX Wells Fargo AdvantagePairCorr
  0.8IHSUX Hartford SmallPairCorr
  0.9AMPFX Amcap Fund ClassPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.85MAALX Mfs Aggressive GrowthPairCorr
  0.73STAFX Wells Fargo LargePairCorr
  0.73JENHX Johnson Enhanced ReturnPairCorr
  0.87OSCYX Oppenheimer Main StreetPairCorr
  0.79VSQSX Invesco Global ResponsPairCorr
  0.86NSRSX Neuberger Berman SmallPairCorr
  0.96ETADX Eventide Global DividendPairCorr
  0.82XSIAX Ing Senior IncmPairCorr

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.

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