State Street Correlations

Mutual Funds USA . 
Fund . State Street Aggregate
SSFDX Fund  USD 88.35  0.02  0.02%   
The current 90-days correlation between State Street Aggregate and State Street Target is 0.14 (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

Very weak diversification

The correlation between State Street Aggregate and DJI is 0.56 (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 Aggregate 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 Aggregate. 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 small area income & poverty estimates.

Moving together with State Mutual Fund

  0.7SSAHX State Street TargetPairCorr
  0.68SSAJX State Street TargetPairCorr
  1.0SSAFX State Street AggregatePairCorr
  0.67SSAOX State Street TargetPairCorr
  0.67SSAKX State Street TargetPairCorr
  0.75SSBYX State Street TargetPairCorr
  0.68SSCKX State Street TargetPairCorr
  0.73SSCQX State Street TargetPairCorr
  0.68SSAWX State Street TargetPairCorr
  0.67SSAZX State Street TargetPairCorr
  0.69SSAYX State Street TargetPairCorr
  0.98SSASX State Street IncomePairCorr
  0.67SSAUX State Street TargetPairCorr
  0.7SSBSX State Street TargetPairCorr
  0.69SSDYX State Street TargetPairCorr
  0.67SSDEX State Street TargetPairCorr
  0.67SSDLX State Street TargetPairCorr
  0.71SSDQX State Street TargetPairCorr
  0.76SSGLX State Street GlobalPairCorr
  0.76SSGHX State Street GlobalPairCorr
  0.76SSGJX State Street GlobalPairCorr
  0.77SSGVX State Street GlobalPairCorr
  0.99SSFCX State Street AggregatePairCorr
  0.71SSFJX State Street TargetPairCorr
  0.68SSFKX State Street TargetPairCorr
  1.0SSFEX State Street AggregatePairCorr
  0.66SSFPX State Street TargetPairCorr
  0.74SSFOX State Street TargetPairCorr
  0.76SSIQX Ssga International StockPairCorr
  0.75SSILX Ssga International StockPairCorr
  0.78SSHQX State Street HedgedPairCorr
  0.76SSKEX State Street EmergingPairCorr

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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