State Street Correlations

Mutual Funds USA . 
Fund . State Street Target
The current 90-days correlation between State Street Target and Omni Small Cap Value is 0.73 (i.e., Poor 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 -0.12 (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. 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 board of governors.

Moving together with State Mutual Fund

  0.66SSAHX State Street TargetPairCorr
  0.68SSAJX State Street TargetPairCorr
  0.85SSAIX Ssga International StockPairCorr
  0.83SSAFX State Street AggregatePairCorr
  0.68SSAOX State Street TargetPairCorr
  0.98SSAQX State Street CorePairCorr
  1.0SSAKX State Street TargetPairCorr
  1.0SSBYX State Street TargetPairCorr
  1.0SSBWX State Street TargetPairCorr
  0.9SSCKX State Street TargetPairCorr
  0.68SSCNX State Street TargetPairCorr
  0.68SSCJX State Street TargetPairCorr
  0.9SSCQX State Street TargetPairCorr
  0.65SSAWX State Street TargetPairCorr
  0.63SSAZX State Street TargetPairCorr
  0.68SSAYX State Street TargetPairCorr
  0.65SSAUX State Street TargetPairCorr
  0.67SSBRX State Street TargetPairCorr
  0.68SSBSX State Street TargetPairCorr
  0.68SSDYX State Street TargetPairCorr
  0.66SSEYX State Street EquityPairCorr
  0.9SSDEX State Street TargetPairCorr
  0.68SSDDX State Street TargetPairCorr
  0.68SSDQX State Street TargetPairCorr
  0.7SSGLX State Street GlobalPairCorr
  0.62SSGHX State Street GlobalPairCorr
  0.65SSGJX State Street GlobalPairCorr
  0.68SSFJX State Street TargetPairCorr
  0.68SSFKX State Street TargetPairCorr
  0.63SSFRX State Street EquityPairCorr
  0.67SSFNX State Street TargetPairCorr
  0.98SSFOX State Street TargetPairCorr
  0.73SSIPX Ssga International StockPairCorr

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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