Elfun Diversified Correlations

Mutual Funds . USA . 
Fund . Elfun Diversified Fund
ELDFX Fund  USD 21.14  0.06  0.28%   
The current 90-days correlation between Elfun Diversified and Multisector Bond Sma is 0.6 (i.e., Poor diversification). The correlation of Elfun Diversified 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.

Elfun Diversified Correlation With Market

Almost no diversification

The correlation between Elfun Diversified Fund and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elfun Diversified Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elfun Diversified Fund. 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 census.

Moving together with ELFUN Mutual Fund

  1.0SSAHX State Street TargetPairCorr
  1.0SSAJX State Street TargetPairCorr
  0.64SSAIX Ssga International StockPairCorr
  1.0SSAOX State Street TargetPairCorr
  0.93SSAQX State Street CorePairCorr
  1.0SSAKX State Street TargetPairCorr
  1.0SSBYX State Street TargetPairCorr
  1.0SSBWX State Street TargetPairCorr
  1.0SSCKX State Street TargetPairCorr
  1.0SSCNX State Street TargetPairCorr
  1.0SSCJX State Street TargetPairCorr
  1.0SSCQX State Street TargetPairCorr
  0.99SSAWX State Street TargetPairCorr
  1.0SSAZX State Street TargetPairCorr
  0.99SSAYX State Street TargetPairCorr
  0.99SSAUX State Street TargetPairCorr
  1.0SSBRX State Street TargetPairCorr
  1.0SSBSX State Street TargetPairCorr
  0.99SSDYX State Street TargetPairCorr
  0.93SSEYX State Street EquityPairCorr
  1.0SSDEX State Street TargetPairCorr
  1.0SSDDX State Street TargetPairCorr
  0.99SSDOX State Street TargetPairCorr
  0.99SSDJX State Street TargetPairCorr
  0.99SSDLX State Street TargetPairCorr
  0.99SSDWX State Street TargetPairCorr
  0.99SSDQX State Street TargetPairCorr
  0.83SSGLX State Street GlobalPairCorr
  0.84SSGHX State Street GlobalPairCorr
  0.84SSGJX State Street GlobalPairCorr
  0.83SSGVX State Street GlobalPairCorr
  0.99SSFJX State Street TargetPairCorr
  0.99SSFKX State Street TargetPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between ELFUN Mutual Fund performing well and Elfun Diversified 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 Elfun Diversified'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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