State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSAZX Fund   16.00  0.02  0.13%   
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 poor diversification

The correlation between State Street Target and DJI is 0.8 (i.e., Very poor 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 nation.

Moving together with State Mutual Fund

  0.98SSAHX State Street TargetPairCorr
  0.96SSAJX State Street TargetPairCorr
  0.94SSAIX Ssga International StockPairCorr
  0.94SSAFX State Street AggregatePairCorr
  0.96SSAOX State Street TargetPairCorr
  0.94SSAQX State Street CorePairCorr
  0.98SSAKX State Street TargetPairCorr
  0.98SSBYX State Street TargetPairCorr
  0.98SSBWX State Street TargetPairCorr
  0.98SSCKX State Street TargetPairCorr
  0.98SSCNX State Street TargetPairCorr
  0.98SSCJX State Street TargetPairCorr
  1.0SSAWX State Street TargetPairCorr
  0.98SSAYX State Street TargetPairCorr
  0.91SSASX State Street IncomePairCorr
  0.98SSAUX State Street TargetPairCorr
  0.98SSBRX State Street TargetPairCorr
  0.98SSBSX State Street TargetPairCorr
  1.0SSDYX State Street TargetPairCorr
  0.96SSEYX State Street EquityPairCorr
  0.98SSDEX State Street TargetPairCorr
  0.98SSDDX State Street TargetPairCorr
  1.0SSDOX State Street TargetPairCorr
  0.98SSDJX State Street TargetPairCorr
  0.98SSDLX State Street TargetPairCorr
  0.98SSDWX State Street TargetPairCorr
  0.98SSDQX State Street TargetPairCorr
  0.96SSGLX State Street GlobalPairCorr
  0.96SSGHX State Street GlobalPairCorr
  0.96SSGJX State Street GlobalPairCorr
  0.98SSGVX State Street GlobalPairCorr
  0.94SSFDX State Street AggregatePairCorr
  0.94SSFCX State Street AggregatePairCorr
  0.98SSFJX State Street TargetPairCorr
  0.98SSFKX State Street TargetPairCorr
  0.94SSFEX State Street AggregatePairCorr

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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