State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSAZX Fund   14.27  0.11  0.78%   
The current 90-days correlation between State Street Target and T Rowe Price is 0.1 (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

Good diversification

The correlation between State Street Target and DJI is -0.18 (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 nation.

Moving together with State Mutual Fund

  0.98SSAHX State Street TargetPairCorr
  0.99SSAJX State Street TargetPairCorr
  0.95SSADX State Street TargetPairCorr
  0.62SSAFX State Street AggregatePairCorr
  1.0SSAOX State Street TargetPairCorr
  0.78SSAQX State Street CorePairCorr
  1.0SSAKX State Street TargetPairCorr
  0.88SSBYX State Street TargetPairCorr
  0.87SSBWX State Street TargetPairCorr
  0.87SSCKX State Street TargetPairCorr
  0.86SSCNX State Street TargetPairCorr
  0.87SSCJX State Street TargetPairCorr
  0.86SSCQX State Street TargetPairCorr
  0.98SSAWX State Street TargetPairCorr
  0.92SSAYX State Street TargetPairCorr
  0.99SSAUX State Street TargetPairCorr
  0.87SSBRX State Street TargetPairCorr
  0.87SSBSX State Street TargetPairCorr
  0.86SSBNX State Street TargetPairCorr
  0.86SSBOX State Street TargetPairCorr
  0.82SSDYX State Street TargetPairCorr
  0.86SSDEX State Street TargetPairCorr
  0.86SSDDX State Street TargetPairCorr
  0.84SSDOX State Street TargetPairCorr
  0.85SSDJX State Street TargetPairCorr
  0.84SSDLX State Street TargetPairCorr
  0.82SSDWX State Street TargetPairCorr
  0.84SSDQX State Street TargetPairCorr
  0.62SSFCX State Street AggregatePairCorr
  0.69SSFKX State Street TargetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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