State Farm Correlations

Mutual Funds USA . 
Fund . State Farm International
SIIAX Fund  USD 16.36  0.03  0.18%   
The current 90-days correlation between State Farm International and Franklin Small Cap is 0.06 (i.e., Significant 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

Significant diversification

The correlation between State Farm International and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Farm International 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 International. 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 nation.

Moving together with State Mutual Fund

  0.63STFGX State Farm GrowthPairCorr
  0.61FIKVX Fidelity Asset ManagerPairCorr
  0.61PFIPX Strategic Asset ManaPairCorr
  0.63VTSAX Vanguard Total StockPairCorr
  0.63VFIAX Vanguard 500 IndexPairCorr
  0.63VTSMX Vanguard Total StockPairCorr
  0.63VSMPX Vanguard Total StockPairCorr
  0.63VSTSX Vanguard Total StockPairCorr
  0.63VITSX Vanguard Total StockPairCorr
  0.63VFINX Vanguard 500 IndexPairCorr
  0.63VFFSX Vanguard 500 IndexPairCorr
  0.63JDVFX John Hancock DisciplinedPairCorr
  0.66JAFSX John Hancock VariablePairCorr
  0.65HSPCX Emerald GrowthPairCorr
  0.62ECSTX Eaton Vance LargePairCorr
  0.61PGODX Putnam Growth OpportPairCorr
  0.62DMAGX Driehaus Multi AssetPairCorr
  0.61ESBLX Eaton Vance FloatingPairCorr

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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