State Street Correlations

SSAZX Fund

14.07 0.03 0.21%

The current 90-days correlation between State Street Target and Scout E Bond is 0.08 (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

Average diversification

The correlation between State Street Target and DJI is 0.1 (i.e., Average 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 nation.

Moving together with State Mutual Fund

0.87	VTTHX	Vanguard Target Reti	Pair Corr
0.84	AAFTX	American Funds 2035	Pair Corr
0.84	FAQTX	American Funds 2035	Pair Corr
0.83	CCFTX	American Funds 2035	Pair Corr
0.84	FFTHX	Fidelity Freedom 2035	Pair Corr
0.84	FWTKX	Fidelity Freedom 2035	Pair Corr
0.84	FSNUX	Fidelity Freedom 2035	Pair Corr
0.78	TRFJX	T Rowe Price	Pair Corr
0.82	FNIPX	Fidelity Freedom Index	Pair Corr
0.61	VFFSX	Vanguard 500 Index	Pair Corr
0.61	VFIAX	Vanguard 500 Index	Pair Corr

Moving against State Mutual Fund

0.54

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	SCCIX	DLTNX	PRVBX	MBSAX	LTXFX	GANPX
SCCIX		0.99	0.93	0.97	0.89	0.88	SCCIX
DLTNX	0.99		0.96	0.97	0.9	0.91	DLTNX
PRVBX	0.93	0.96		0.96	0.92	0.94	PRVBX
MBSAX	0.97	0.97	0.96		0.93	0.92	MBSAX
LTXFX	0.89	0.9	0.92	0.93		0.98	LTXFX
GANPX	0.88	0.91	0.94	0.92	0.98		GANPX
	SCCIX	DLTNX	PRVBX	MBSAX	LTXFX	GANPX

Click cells to compare fundamentals

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SCCIX	0.25	0.02	0.26	0.41	0.22	(0.31)	0.57	(0.38)	1.44
DLTNX	0.22	0.03	0.32	0.78	0.13	(0.31)	0.57	(0.34)	1.40
PRVBX	0.10	0.01	0.68	0.24	0.00	(0.13)	0.23	(0.17)	0.53
MBSAX	0.18	0.02	0.29	0.16	0.19	(0.21)	0.36	(0.30)	1.34
LTXFX	0.10	0.00	0.32	(0.10)	0.11	(0.14)	0.26	(0.20)	0.65
GANPX	0.06	0.00	0.42	0.03	0.00	(0.12)	0.10	(0.10)	0.48

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