State Farm Correlations

STFBX Fund

USD 99.18 0.64 0.64%

The current 90-days correlation between State Farm Balanced and State Farm International is -0.13 (i.e., Good diversification). The correlation of State Farm 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 Farm Correlation With Market

Very poor diversification

The correlation between State Farm Balanced and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Farm Balanced 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 Farm Balanced. 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 labor statistics.

Moving together with State Mutual Fund

1.0	STFGX	State Farm Growth	Pair Corr
0.88	SFBDX	State Farm Municipal	Pair Corr
0.77	SFITX	State Farm Interim	Pair Corr
0.87	SIIAX	State Farm International	Pair Corr
0.88	ABALX	American Balanced	Pair Corr
0.88	BALCX	American Balanced	Pair Corr
0.91	BALFX	American Balanced	Pair Corr
0.95	FBONX	American Funds American	Pair Corr
0.95	FBAFX	American Funds American	Pair Corr
0.91	RLBCX	American Balanced	Pair Corr
0.9	RLBBX	American Balanced	Pair Corr
0.88	CLBAX	American Balanced	Pair Corr
0.91	CLBEX	American Balanced	Pair Corr
0.91	RLBFX	American Balanced	Pair Corr
0.72	PFN	Pimco Income Strategy	Pair Corr
0.87	FGDTX	Gold Portfolio Fidelity Steady Growth	Pair Corr
0.93	JMSSX	Jpmorgan Smartretirement*	Pair Corr
0.86	FRKSX	Nuveen Kansas Municipal	Pair Corr
0.9	MIPIX	Matthews Asia Dividend	Pair Corr
0.88	DPRSX	Delaware Reit	Pair Corr
0.93	BDOAX	Blackrock Acwi Exus	Pair Corr
0.89	PFPFX	Poplar Forest Partners	Pair Corr
0.88	PRHCX	Prudential High Yield	Pair Corr
0.83	TGREX	Tcw Global Real	Pair Corr
0.92	MMNJX	Mmnjx	Pair Corr
0.82	DBLGX	Doubleline Global Bond	Pair Corr
0.95	VEVIX	Victory Sycamore Est	Pair Corr
0.92	MVIIX	Praxis Value Index	Pair Corr
0.71	VFIDX	Vanguard Intermediate	Pair Corr
0.88	ARTNX	Artisan Select Equity	Pair Corr
0.92	FLIFX	Fidelity Freedom Index	Pair Corr
0.86	HDGYX	Hartford Dividend	Pair Corr

Related Correlations Analysis

	STFGX	SFBDX	SFITX	SIIAX
STFGX		0.9	0.78	0.89	STFGX
SFBDX	0.9		0.86	0.91	SFBDX
SFITX	0.78	0.86		0.83	SFITX
SIIAX	0.89	0.91	0.83		SIIAX
	STFGX	SFBDX	SFITX	SIIAX

Risk-Adjusted Indicators

There is a big difference between State Mutual Fund performing well and State Farm 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 Farm'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
STFGX	0.53	0.14	0.16	0.35	0.29	(0.67)	1.20	(0.88)	5.97
SFBDX	0.07	0.02	(0.66)	2.47	0.00	(0.14)	0.12	(0.12)	0.49
SFITX	0.08	0.01	(0.85)	(0.21)	0.00	(0.15)	0.21	(0.10)	0.62
SIIAX	0.23	0.07	(0.16)	(1.05)	0.00	(0.29)	0.57	(0.42)	1.40

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State Farm Correlations

State Farm Correlation With Market

Very poor diversification

Moving together with State Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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