State Street Correlations

SSBRX Fund

USD 13.28 0.03 0.23%

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

Average diversification

The correlation between State Street Target and DJI is 0.13 (i.e., Average 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 real.

Moving together with State Mutual Fund

0.7	SSAIX	Ssga International Stock	Pair Corr
0.99	SSBWX	State Street Target	Pair Corr
0.83	SSCNX	State Street Target	Pair Corr
0.84	SSCJX	State Street Target	Pair Corr
0.97	SSDDX	State Street Target	Pair Corr
0.96	SSDOX	State Street Target	Pair Corr
0.81	SSDJX	State Street Target	Pair Corr
0.81	SSDWX	State Street Target	Pair Corr
0.99	SSFNX	State Street Target	Pair Corr
0.7	SSIPX	Ssga International Stock	Pair Corr
0.87	VTTVX	Vanguard Target Reti	Pair Corr
0.74	AADTX	American Funds 2025	Pair Corr
0.73	CCDTX	American Funds 2025	Pair Corr
0.87	FAPTX	American Funds 2025	Pair Corr
0.86	FSNPX	Fidelity Freedom 2025	Pair Corr
0.86	FFTWX	Fidelity Freedom 2025	Pair Corr
0.86	FDTKX	Fidelity Freedom 2025	Pair Corr
0.86	TREHX	T Rowe Price	Pair Corr
0.85	PARJX	T Rowe Price	Pair Corr
0.66	IVHIX	Ivy High Income	Pair Corr
0.67	IHIFX	Ivy High Income	Pair Corr
0.61	WHIYX	Ivy High Income	Pair Corr
0.63	GVIZX	Guidestone Value Equity	Pair Corr
0.63	FTOTX	First Investors Tax	Pair Corr
0.68	DMOCX	Delaware Tax Free	Pair Corr
0.74	CRATX	Community Reinvestment	Pair Corr
0.66	GQJPX	Gqg Partners Interna	Pair Corr
0.68	MXFDX	Great West E	Pair Corr
0.83	MXAUX	Great West Lifetime	Pair Corr
0.73	VWELX	Vanguard Wellington	Pair Corr
0.71	PDINX	Putnam Diversified Income	Pair Corr
0.72	MEDBX	Mfs Emerging Markets	Pair Corr

Related Correlations Analysis

	FZDXX	PFCXX	PBMXX	JHMXX	HUCXX	IVMXX	JRSXX
FZDXX		0.0	0.0	0.0	0.0	0.0	0.0	FZDXX
PFCXX	0.0		0.0	0.0	0.0	0.0	0.0	PFCXX
PBMXX	0.0	0.0		0.0	0.0	0.0	0.0	PBMXX
JHMXX	0.0	0.0	0.0		0.0	0.0	0.0	JHMXX
HUCXX	0.0	0.0	0.0	0.0		0.0	0.0	HUCXX
IVMXX	0.0	0.0	0.0	0.0	0.0		0.0	IVMXX
JRSXX	0.0	0.0	0.0	0.0	0.0	0.0		JRSXX
	FZDXX	PFCXX	PBMXX	JHMXX	HUCXX	IVMXX	JRSXX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PFCXX	+ 0.0	FZDXX
PBMXX	+ 0.0	FZDXX
JHMXX	+ 0.0	FZDXX
HUCXX	+ 0.0	FZDXX
IVMXX	+ 0.0	FZDXX
JRSXX	+ 0.0	FZDXX

High negative correlations

JRSXX	- 0.0	IVMXX
JRSXX	- 0.0	HUCXX
IVMXX	- 0.0	HUCXX
JRSXX	- 0.0	JHMXX
IVMXX	- 0.0	JHMXX
HUCXX	- 0.0	JHMXX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FZDXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PFCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JRSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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