State Farm Correlations

Mutual Funds . USA . 
Fund . State Farm Interim
SFITX Fund  USD 9.68  0.01  0.10%   
The current 90-days correlation between State Farm Interim and State Farm Growth is -0.12 (i.e., Good diversification). The correlation of State Farm 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 Farm Correlation With Market

Good diversification

The correlation between State Farm Interim and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Farm Interim 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 Farm Interim. 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 estimate.

Moving together with State Mutual Fund

  0.64STFGX State Farm GrowthPairCorr
  0.67STFBX State Farm BalancedPairCorr
  0.74SFBDX State Farm MunicipalPairCorr
  0.62SIIAX State Farm InternationalPairCorr
  0.93EASDX Eaton Vance ShortPairCorr
  0.99VFIRX Vanguard Short TermPairCorr
  0.99VFISX Vanguard Short TermPairCorr
  0.98VSGBX Vanguard Short TermPairCorr
  0.96VSBIX Vanguard Short TermPairCorr
  0.97VSGDX Vanguard Short TermPairCorr
  0.99FUMBX Fidelity Short TermPairCorr
  0.94ECLDX Eaton Vance ShortPairCorr
  0.94EALDX Eaton Vance ShortPairCorr
  0.93EILDX Eaton Vance ShortPairCorr
  0.65SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.66SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.61RSNRX Victory Global NaturalPairCorr
  0.66THYAX High Yield FundPairCorr
  0.63RIFYX Victory Rs SciencePairCorr
  0.61PCM Pcm FundPairCorr
  0.61BDAUX Baron Durable AdvantagePairCorr
  0.62GQESX Gmo Quality FundPairCorr
  0.9OAYCX Oakmark BondPairCorr
  0.64RYELX Electronics Fund ClassPairCorr
  0.68SBQAX Americafirst Large CapPairCorr
  0.61EIDIX Eaton Vance TaxPairCorr
  0.63RSLCX Smallcap WorldPairCorr
  0.62PDSIX Prudential Qma StockPairCorr
  0.86ASIEX Strategic IncomePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between State Mutual Fund performing well and State Farm 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 Farm'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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