State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSDLX Fund  USD 15.33  0.15  0.97%   
The current 90-days correlation between State Street Target and Siit Emerging Markets is 0.45 (i.e., Very 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

Very weak diversification

The correlation between State Street Target and DJI is 0.54 (i.e., Very weak 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 bureau of economic analysis.

Moving together with State Mutual Fund

  0.78SSAHX State Street TargetPairCorr
  0.81SSAJX State Street TargetPairCorr
  0.73SSADX State Street TargetPairCorr
  0.67SSAFX State Street AggregatePairCorr
  0.87SSAOX State Street TargetPairCorr
  0.86SSAKX State Street TargetPairCorr
  0.97SSBYX State Street TargetPairCorr
  0.97SSBWX State Street TargetPairCorr
  0.99SSCKX State Street TargetPairCorr
  1.0SSCNX State Street TargetPairCorr
  0.99SSCJX State Street TargetPairCorr
  1.0SSCQX State Street TargetPairCorr
  0.88SSAWX State Street TargetPairCorr
  0.84SSAZX State Street TargetPairCorr
  0.92SSAYX State Street TargetPairCorr
  0.67SSASX State Street IncomePairCorr
  0.87SSAUX State Street TargetPairCorr
  0.94SSBRX State Street TargetPairCorr
  0.94SSBSX State Street TargetPairCorr
  0.9SSBNX State Street TargetPairCorr
  0.91SSBOX State Street TargetPairCorr
  1.0SSDYX State Street TargetPairCorr
  0.81SSEYX State Street EquityPairCorr
  1.0SSDEX State Street TargetPairCorr
  1.0SSDDX State Street TargetPairCorr
  1.0SSDOX State Street TargetPairCorr
  1.0SSDJX State Street TargetPairCorr
  1.0SSDWX State Street TargetPairCorr
  1.0SSDQX State Street TargetPairCorr
  0.74SSGLX State Street GlobalPairCorr
  0.75SSGHX State Street GlobalPairCorr
  0.75SSGJX State Street GlobalPairCorr
  0.64SSFDX State Street AggregatePairCorr
  0.67SSFCX State Street AggregatePairCorr
  0.84SSFJX State Street TargetPairCorr
  0.91SSFKX State Street TargetPairCorr

Related Correlations Analysis

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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.

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