State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSFOX Fund  USD 11.63  0.03  0.26%   
The current 90-days correlation between State Street Target and State Street Target is 0.94 (i.e., Almost no 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 0.9 (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 employment.

Moving together with State Mutual Fund

  1.0SSAHX State Street TargetPairCorr
  0.99SSAJX State Street TargetPairCorr
  0.62SSAFX State Street AggregatePairCorr
  1.0SSAOX State Street TargetPairCorr
  0.99SSAKX State Street TargetPairCorr
  0.97SSBYX State Street TargetPairCorr
  1.0SSCKX State Street TargetPairCorr
  0.97SSCQX State Street TargetPairCorr
  1.0SSAWX State Street TargetPairCorr
  0.99SSAZX State Street TargetPairCorr
  0.99SSAYX State Street TargetPairCorr
  1.0SSAUX State Street TargetPairCorr
  1.0SSBSX State Street TargetPairCorr
  0.99SSDYX State Street TargetPairCorr
  0.8SSEYX State Street EquityPairCorr
  1.0SSDEX State Street TargetPairCorr
  1.0SSDLX State Street TargetPairCorr
  0.97SSDQX State Street TargetPairCorr
  0.98SSGLX State Street GlobalPairCorr
  0.97SSGHX State Street GlobalPairCorr
  0.98SSGJX State Street GlobalPairCorr
  0.97SSGVX State Street GlobalPairCorr
  0.68SSFDX State Street AggregatePairCorr
  0.64SSFCX State Street AggregatePairCorr
  0.97SSFJX State Street TargetPairCorr
  0.95SSFKX State Street TargetPairCorr
  0.68SSFEX State Street AggregatePairCorr
  0.81SSFRX State Street EquityPairCorr
  0.98SSIQX Ssga International StockPairCorr
  0.97SSILX Ssga International StockPairCorr
  0.95SSHQX State Street HedgedPairCorr
  0.95SSKEX State Street EmergingPairCorr
  0.93SSMLX State Street SmallmidPairCorr
  0.93SSMKX State Street SmallmidPairCorr
  0.93SSMHX State Street SmallmidPairCorr
  0.93SSMJX 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
SSAHX  0.29  0.06  0.03  0.28  0.00 
(0.35)
 0.54 
(0.49)
 3.33 
SSAJX  0.38  0.09  0.08  0.29  0.14 
(0.45)
 0.71 
(0.66)
 4.86 
SSAFX  0.15  0.01 (0.31) 0.68  0.14 
(0.16)
 0.31 
(0.29)
 0.94 
SSAOX  0.52  0.10  0.10  0.24  0.41 
(0.61)
 1.03 
(1.05)
 5.60 
SSAQX  0.80  0.12  0.14  0.18  0.63 
(0.94)
 1.44 
(1.35)
 16.13 
SSAKX  0.50  0.10  0.11  0.26  0.36 
(0.60)
 0.93 
(0.92)
 5.91 
SSBYX  0.32  0.03 (0.03) 0.13  0.32 
(0.37)
 0.71 
(0.71)
 1.98 
SSCKX  0.46  0.10  0.10  0.27  0.28 
(0.55)
 0.91 
(0.83)
 5.34 
SSCQX  0.43  0.03  0.00  0.12  0.43 
(0.50)
 0.93 
(0.92)
 2.38 
SSAWX  0.54  0.08  0.07  0.19  0.49 
(0.61)
 1.14 
(1.14)
 4.09 

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