State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSDDX Fund  USD 16.71  0.07  0.42%   
The current 90-days correlation between State Street Target and Omni Small Cap Value is 0.02 (i.e., Significant 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 Target and DJI is -0.17 (i.e., Good 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 interest.

Moving together with State Mutual Fund

  0.79SSAHX State Street TargetPairCorr
  0.79SSAJX State Street TargetPairCorr
  0.81SSAIX Ssga International StockPairCorr
  0.79SSAFX State Street AggregatePairCorr
  0.88SSAOX State Street TargetPairCorr
  0.99SSAQX State Street CorePairCorr
  0.79SSAKX State Street TargetPairCorr
  1.0SSBYX State Street TargetPairCorr
  1.0SSBWX State Street TargetPairCorr
  1.0SSCKX State Street TargetPairCorr
  0.81SSCNX State Street TargetPairCorr
  1.0SSCJX State Street TargetPairCorr
  0.81SSCQX State Street TargetPairCorr
  0.81SSAWX State Street TargetPairCorr
  0.81SSAZX State Street TargetPairCorr
  0.81SSAYX State Street TargetPairCorr
  0.72SSASX State Street IncomePairCorr
  0.79SSAUX State Street TargetPairCorr
  0.81SSBRX State Street TargetPairCorr
  0.81SSBSX State Street TargetPairCorr
  0.81SSDYX State Street TargetPairCorr
  0.81SSEYX State Street EquityPairCorr
  1.0SSDEX State Street TargetPairCorr
  0.81SSDOX State Street TargetPairCorr
  0.81SSDJX State Street TargetPairCorr
  0.81SSDLX State Street TargetPairCorr
  0.81SSDWX State Street TargetPairCorr
  1.0SSDQX State Street TargetPairCorr
  0.79SSGLX State Street GlobalPairCorr
  0.78SSGHX State Street GlobalPairCorr
  0.79SSGJX State Street GlobalPairCorr
  0.79SSGVX State Street GlobalPairCorr
  0.74SSFDX State Street AggregatePairCorr
  0.73SSFCX State Street AggregatePairCorr
  0.81SSFJX State Street TargetPairCorr
  0.81SSFKX State Street TargetPairCorr
  0.74SSFEX 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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