State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSBYX Fund  USD 14.05  -0.08  -0.57%   
Current 90-days correlation between State Street Target and Fidelity Freedom 2010 is 0.94 (i.e., Almost no 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.

Market Correlation for State Street

Poor diversification
For the present investment horizon, the measured correlation between SSBYX and DJI stands at 0.67, or Poor diversification. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
  
Use World Market Map to better understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. The allocation includes a position in State Street Target across the allocation. 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 manufacturing.

Moving together with State Mutual Fund

  0.92SSAHX State Street TargetPairCorr
  0.91SSAJX State Street TargetPairCorr
  0.83SSAFX State Street AggregatePairCorr
  0.93SSAOX State Street TargetPairCorr
  0.92SSCKX State Street TargetPairCorr
  0.99SSCQX State Street TargetPairCorr
  0.96SSAWX State Street TargetPairCorr
  0.92SSAZX State Street TargetPairCorr
  0.8SSASX State Street IncomePairCorr
  0.94SSAUX State Street TargetPairCorr
  0.92SSBSX State Street TargetPairCorr
  0.97SSDYX State Street TargetPairCorr
  0.94SSDLX State Street TargetPairCorr
  0.99SSDQX State Street TargetPairCorr
  0.98SSGLX State Street GlobalPairCorr
  0.98SSGHX State Street GlobalPairCorr
  0.83SSFDX State Street AggregatePairCorr
  0.82SSFCX State Street AggregatePairCorr
  0.99SSFJX State Street TargetPairCorr
  0.99SSFKX State Street TargetPairCorr
  0.96SSFPX State Street TargetPairCorr
  0.93SSFOX State Street TargetPairCorr
  0.96SSIQX Ssga International StockPairCorr
  0.96SSHQX State Street HedgedPairCorr
  0.96SSKEX State Street EmergingPairCorr
  0.8SSMLX State Street SmallmidPairCorr
  0.8SSMKX State Street SmallmidPairCorr
  0.79SSMJX State Street SmallmidPairCorr

Related Correlations Analysis


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

FHAPX
+ 1.0
SSCQX
JRBYX
+ 1.0
SSCQX
SSDQX
+ 1.0
SSCQX
SSDQX
+ 1.0
FHAPX
MACFX
+ 0.99
SSCQX
CCFAX
+ 0.99
SSCQX
  

High negative correlations

FFFCX
- 0.04
JCNCX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY