State Street Correlations

SSBSX Fund

USD 12.17 0.02 0.16%

The current 90-days correlation between State Street Target and Fisher All Foreign is -0.13 (i.e., Good 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 -0.04 (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 state.

Moving together with State Mutual Fund

0.88	AADTX	American Funds 2025	Pair Corr
0.88	CCDTX	American Funds 2025	Pair Corr
0.88	FAPTX	American Funds 2025	Pair Corr
0.83	FSNPX	Fidelity Freedom 2025	Pair Corr
0.76	FFTWX	Fidelity Freedom 2025	Pair Corr
0.83	FDTKX	Fidelity Freedom 2025	Pair Corr
0.73	TREHX	T Rowe Price	Pair Corr
0.73	PARJX	T Rowe Price	Pair Corr
0.7	FCFWX	American Funds Retirement	Pair Corr

Moving against State Mutual Fund

0.52

MRK

Merck Company

Pair Corr

Related Correlations Analysis

	IAFEX	DODFX	MRCZX	ARTNX	MRVNX	JSEAX
IAFEX		0.96	0.88	0.85	0.98	0.98	IAFEX
DODFX	0.96		0.87	0.79	0.94	0.97	DODFX
MRCZX	0.88	0.87		0.84	0.92	0.89	MRCZX
ARTNX	0.85	0.79	0.84		0.84	0.8	ARTNX
MRVNX	0.98	0.94	0.92	0.84		0.98	MRVNX
JSEAX	0.98	0.97	0.89	0.8	0.98		JSEAX
	IAFEX	DODFX	MRCZX	ARTNX	MRVNX	JSEAX

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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
IAFEX	0.73	0.15	0.21	0.24	0.77	(0.79)	1.77	(1.25)	5.53
DODFX	0.67	0.12	0.21	(0.97)	0.72	(0.69)	1.30	(1.32)	4.77
MRCZX	0.24	0.01	0.17	(0.04)	0.32	(0.26)	0.44	(0.44)	1.45
ARTNX	0.64	0.02	0.11	(0.24)	0.84	(0.67)	1.23	(1.48)	3.96
MRVNX	0.72	0.11	0.13	0.10	0.93	(0.75)	1.67	(1.60)	4.81
JSEAX	0.65	0.15	0.19	0.19	0.77	(0.68)	1.49	(1.22)	4.60

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