State Street Correlations

Mutual Funds . USA . 
Fund . State Street Aggregate
SSAFX Fund  USD 89.68  0.11  0.12%   
The current 90-days correlation between State Street Aggregate and Aquila Three Peaks is -0.01 (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 Aggregate and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Aggregate 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 Aggregate. 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

  0.99VBTLX Vanguard Total BondPairCorr
  0.99VBMFX Vanguard Total BondPairCorr
  0.99VBTIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.99VTBIX Vanguard Total BondPairCorr
  0.99VTBNX Vanguard Total BondPairCorr
  0.99FBOFX American FundsPairCorr
  0.99FFBOX American FundsPairCorr
  0.99BFAFX Bond FundPairCorr
  0.99ABNDX Bond FundPairCorr
  0.85FTYPX Fidelity Freedom IndexPairCorr
  0.86FFBTX Fidelity Freedom BlendPairCorr
  0.86GAAVX Gmo Alternative AlloPairCorr
  0.91GABFX Gmo Asset AllocationPairCorr
  0.79GCAVX Gmo Small CapPairCorr
  0.68GQLOX Gmo Quality FundPairCorr
  0.65GHVIX Gmo High YieldPairCorr
  0.86GMCQX Gmo Equity AllocationPairCorr
  0.8ASMOX Aqr Small CapPairCorr
  0.73UPDDX Upright Growth IncomePairCorr
  0.82LMIYX Lord Abbett MicroPairCorr
  0.71JAGQX John Hancock TrustPairCorr
  0.67JNJ Johnson JohnsonPairCorr
  0.61GE GE AerospacePairCorr

Moving against State Mutual Fund

  0.65IBM International BusinessPairCorr
  0.35KO Coca ColaPairCorr
  0.31PG Procter GamblePairCorr

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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