State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSAJX Fund   14.87  0.02  0.13%   
The current 90-days correlation between State Street Target and American Century Etf is -0.1 (i.e., Good 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

Good diversification

The correlation between State Street Target and DJI is -0.14 (i.e., Good 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 bureau of economic analysis.

Moving together with State Mutual Fund

  0.77SSAIX Ssga International StockPairCorr
  0.83SSAOX State Street TargetPairCorr
  1.0SSAKX State Street TargetPairCorr
  0.84SSBYX State Street TargetPairCorr
  1.0SSBWX State Street TargetPairCorr
  1.0SSCKX State Street TargetPairCorr
  0.98SSCNX State Street TargetPairCorr
  0.98SSCJX State Street TargetPairCorr
  0.83SSCQX State Street TargetPairCorr
  1.0SSAWX State Street TargetPairCorr
  0.88SSASX State Street IncomePairCorr
  1.0SSAUX State Street TargetPairCorr
  0.97SSBRX State Street TargetPairCorr
  0.78SSDYX State Street TargetPairCorr
  0.8SSEYX State Street EquityPairCorr
  0.98SSDEX State Street TargetPairCorr
  0.98SSDDX State Street TargetPairCorr
  0.98SSDOX State Street TargetPairCorr
  0.98SSDJX State Street TargetPairCorr
  0.98SSDLX State Street TargetPairCorr
  1.0SSDWX State Street TargetPairCorr
  0.83SSDQX State Street TargetPairCorr
  0.97SSGLX State Street GlobalPairCorr
  0.99SSGHX State Street GlobalPairCorr
  0.97SSGJX State Street GlobalPairCorr
  0.97SSGVX State Street GlobalPairCorr
  0.91SSFDX State Street AggregatePairCorr
  0.91SSFCX State Street AggregatePairCorr
  0.98SSFJX State Street TargetPairCorr
  0.73SSFKX State Street TargetPairCorr
  0.91SSFEX State Street AggregatePairCorr
  0.96SSFRX State Street EquityPairCorr
  0.97SSFNX State Street TargetPairCorr
  0.97SSFOX State Street TargetPairCorr
  0.92SSIPX Ssga International StockPairCorr
  0.92SSIQX Ssga International StockPairCorr
  0.89SSILX Ssga International StockPairCorr
  0.91SSHQX State Street HedgedPairCorr
  0.97SSKEX 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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