State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSCJX Fund  USD 15.56  0.06  0.39%   
The current 90-days correlation between State Street Target and Litman Gregory Masters is 0.16 (i.e., Average 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

Poor diversification

The correlation between State Street Target and DJI is 0.6 (i.e., 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 bureau of economic analysis.

Moving together with State Mutual Fund

  0.81SSAIX Ssga International StockPairCorr
  0.94SSBWX State Street TargetPairCorr
  0.77SSCNX State Street TargetPairCorr
  1.0SSBRX State Street TargetPairCorr
  1.0SSDDX State Street TargetPairCorr
  0.94SSDOX State Street TargetPairCorr
  1.0SSDJX State Street TargetPairCorr
  0.93SSDWX State Street TargetPairCorr
  0.99SSFNX State Street TargetPairCorr
  0.95SSIPX Ssga International StockPairCorr
  0.73VTTHX Vanguard Target RetiPairCorr
  0.74AAFTX American Funds 2035PairCorr
  0.73FAQTX American Funds 2035PairCorr
  0.93CCFTX American Funds 2035PairCorr
  0.9FFTHX Fidelity Freedom 2035PairCorr
  0.98FWTKX Fidelity Freedom 2035PairCorr
  0.74FIHFX Fidelity Freedom IndexPairCorr
  0.75FFEZX Fidelity Freedom IndexPairCorr
  0.69TRRJX T Rowe PricePairCorr
  0.68RYMEX Commodities StrategyPairCorr
  0.67RYMJX Commodities StrategyPairCorr
  0.9BRUFX Bruce Fund BrucePairCorr
  0.91SPGSX State Street PremierPairCorr
  0.69KF Korea ClosedPairCorr
  0.83OCGCX Jpmorgan InvestorPairCorr
  0.93MIDBX Mfs International NewPairCorr
  0.89CFJAX Calvert Large CapPairCorr
  0.75VIMAX Vanguard Mid CapPairCorr
  0.88FEBCX First Eagle GlobalPairCorr
  0.82FBCVX Fidelity Blue ChipPairCorr
  0.76IARYX Invesco Real EstatePairCorr
  0.82GRMSX Nationwide Sp 500PairCorr
  0.72TASZX Third Avenue SmallPairCorr
  0.78VMCPX Vanguard Mid CapPairCorr
  0.77MNNYX Victory Munder MultiPairCorr
  0.68SROCX Calamos AntetokounmpoPairCorr

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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