State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSDJX Fund  USD 16.10  0.07  0.43%   
The current 90-days correlation between State Street Target and Touchstone International Equity is 0.39 (i.e., 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

Average diversification

The correlation between State Street Target and DJI is 0.11 (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 inflation.

Moving together with State Mutual Fund

  0.91SSAHX State Street TargetPairCorr
  0.95SSAJX State Street TargetPairCorr
  0.77SSADX State Street TargetPairCorr
  1.0SSAOX State Street TargetPairCorr
  0.82SSAQX State Street CorePairCorr
  0.99SSAKX State Street TargetPairCorr
  0.86SSBYX State Street TargetPairCorr
  0.86SSBWX State Street TargetPairCorr
  0.88SSCKX State Street TargetPairCorr
  0.97SSCJX State Street TargetPairCorr
  0.9SSCQX State Street TargetPairCorr
  0.92SSAWX State Street TargetPairCorr
  0.91SSBRX State Street TargetPairCorr
  0.82SSBSX State Street TargetPairCorr
  0.8SSBNX State Street TargetPairCorr
  0.7SSBOX State Street TargetPairCorr
  0.82SSEYX State Street EquityPairCorr
  0.92SSDEX State Street TargetPairCorr
  1.0SSDDX State Street TargetPairCorr
  0.93SSDOX State Street TargetPairCorr
  1.0SSFJX State Street TargetPairCorr
  1.0SSFKX State Street TargetPairCorr
  0.81SSFRX State Street EquityPairCorr
  0.78SSFNX State Street TargetPairCorr
  0.68SSFOX State Street TargetPairCorr
  0.75SSHQX State Street HedgedPairCorr
  0.74SSMKX State Street SmallmidPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
DODFX
+ 0.89
TOIIX
FBMPX
+ 0.85
CGEOX
FBMPX
+ 0.84
HULEX
HULEX
+ 0.79
CGEOX
  
High negative correlations   
DODFX
- 0.54
HULEX
HULEX
- 0.5
TOIIX
DODFX
- 0.35
FBMPX
FBMPX
- 0.35
TOIIX
CGEOX
- 0.26
TOIIX
DODFX
- 0.23
CGEOX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY