State Farm Correlations

Mutual Funds . USA . 
Fund . State Farm Growth
STFGX Fund  USD 139.98  3.22  2.35%   
The current 90-days correlation between State Farm Growth and Calamos Dynamic Convertible is 0.47 (i.e., Very weak 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

Almost no diversification

The correlation between State Farm Growth 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 Farm Growth 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 Growth. 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 price.

Moving together with State Mutual Fund

  1.0STFBX State Farm BalancedPairCorr
  0.89SFBDX State Farm MunicipalPairCorr
  0.73SFITX State Farm InterimPairCorr
  0.92SIIAX State Farm InternationalPairCorr
  0.83VTSAX Vanguard Total StockPairCorr
  0.81VFIAX Vanguard 500 IndexPairCorr
  0.83VTSMX Vanguard Total StockPairCorr
  0.83VITSX Vanguard Total StockPairCorr
  0.83VSMPX Vanguard Total StockPairCorr
  0.83VSTSX Vanguard Total StockPairCorr
  0.82VFINX Vanguard 500 IndexPairCorr
  0.82VFFSX Vanguard 500 IndexPairCorr
  0.81VINIX Vanguard InstitutionalPairCorr
  0.81VIIIX Vanguard InstitutionalPairCorr
  0.94VTSNX Vanguard Total InterPairCorr
  0.94VTISX Vanguard Total InterPairCorr
  0.94VTPSX Vanguard Total InterPairCorr
  0.87TILRX Tiaa-cref Large-capPairCorr
  0.96MCNAX Madison ConservativePairCorr
  0.93JHOAX Jhancock 2070 LifetimePairCorr
  0.96KCSSX Knights Of UmbusPairCorr
  0.88ERASX Eaton Vance AtlantaPairCorr
  0.95RXRPX American Funds RetirementPairCorr
  0.96UIVCX Mfs Intrinsic ValuePairCorr
  0.93RITAX American High IncomePairCorr
  0.94MMMMX Victory IntegrityPairCorr
  0.92MRCGX Meridian GrowthPairCorr
  0.93RMFGX American MutualPairCorr
  0.86EMWLX Lord Abbett TrustPairCorr
  0.93FIPFX Fidelity Freedom IndexPairCorr
  0.97PICOX Putnam InternationalPairCorr
  0.98SPGTX Symmetry Panoramic TaxPairCorr
  0.96CSQCX Credit Suisse MultiaPairCorr
  0.73PRPAX Prudential Jennison MlpPairCorr
  0.93IENRX Ivy Energy FundPairCorr
  0.83WFBFX Capital World BondPairCorr
  0.82DIAMX Diamond Hill LongPairCorr
  0.94MOWIX Moerus Worldwide ValuePairCorr

Related Correlations Analysis


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.

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