State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSDEX Fund  USD 17.15  0.01  0.06%   
The current 90-days correlation between State Street Target and Franklin Emerging Market is 0.42 (i.e., Very weak 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

Very poor diversification

The correlation between State Street Target and DJI is 0.88 (i.e., Very 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 american community survey.

Moving together with State Mutual Fund

  1.0SSAHX State Street TargetPairCorr
  1.0SSAJX State Street TargetPairCorr
  1.0SSAOX State Street TargetPairCorr
  0.63SSAQX State Street CorePairCorr
  1.0SSAKX State Street TargetPairCorr
  0.93SSBYX State Street TargetPairCorr
  1.0SSCKX State Street TargetPairCorr
  0.93SSCQX State Street TargetPairCorr
  0.99SSAWX State Street TargetPairCorr
  1.0SSAZX State Street TargetPairCorr
  1.0SSAUX State Street TargetPairCorr
  1.0SSBSX State Street TargetPairCorr
  0.99SSDYX State Street TargetPairCorr
  0.78SSEYX State Street EquityPairCorr
  1.0SSDLX State Street TargetPairCorr
  0.93SSDQX State Street TargetPairCorr
  0.98SSGLX State Street GlobalPairCorr
  0.96SSGHX State Street GlobalPairCorr
  0.98SSGJX State Street GlobalPairCorr
  0.97SSGVX State Street GlobalPairCorr
  0.93SSFJX State Street TargetPairCorr
  0.93SSFKX State Street TargetPairCorr
  0.8SSFRX State Street EquityPairCorr
  1.0SSFOX State Street TargetPairCorr
  0.93SSIQX Ssga International StockPairCorr
  0.91SSILX Ssga International StockPairCorr
  0.96SSHQX State Street HedgedPairCorr
  0.92SSKEX State Street EmergingPairCorr
  0.95SSMLX State Street SmallmidPairCorr
  0.95SSMKX State Street SmallmidPairCorr
  0.94SSMHX State Street SmallmidPairCorr
  0.94SSMJX State Street SmallmidPairCorr
  0.81SSSWX State Street EquityPairCorr

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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