State Street Correlations

Mutual Funds . USA . 
Fund . State Street Target
SSBRX Fund  USD 12.36  0.01  0.08%   
The current 90-days correlation between State Street Target and Retirement Living Through is 0.02 (i.e., Significant 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

Significant diversification

The correlation between State Street Target 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 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 metropolitan statistical area.

Moving together with State Mutual Fund

  0.97SSAHX State Street TargetPairCorr
  0.97SSAJX State Street TargetPairCorr
  0.88SSAIX Ssga International StockPairCorr
  0.9SSAOX State Street TargetPairCorr
  0.96SSAQX State Street CorePairCorr
  0.97SSAKX State Street TargetPairCorr
  0.97SSBYX State Street TargetPairCorr
  1.0SSBWX State Street TargetPairCorr
  0.91SSCKX State Street TargetPairCorr
  0.9SSCNX State Street TargetPairCorr
  1.0SSCJX State Street TargetPairCorr
  1.0SSCQX State Street TargetPairCorr
  0.9SSAWX State Street TargetPairCorr
  0.91SSAZX State Street TargetPairCorr
  1.0SSAYX State Street TargetPairCorr
  0.9SSAUX State Street TargetPairCorr
  0.97SSBSX State Street TargetPairCorr
  0.97SSDYX State Street TargetPairCorr
  0.98SSEYX State Street EquityPairCorr
  1.0SSDEX State Street TargetPairCorr
  1.0SSDDX State Street TargetPairCorr
  0.9SSDOX State Street TargetPairCorr
  1.0SSDJX State Street TargetPairCorr
  1.0SSDLX State Street TargetPairCorr
  1.0SSDWX State Street TargetPairCorr
  0.9SSDQX State Street TargetPairCorr
  0.91SSGLX State Street GlobalPairCorr
  0.92SSGHX State Street GlobalPairCorr
  0.88SSGJX State Street GlobalPairCorr
  0.97SSGVX State Street GlobalPairCorr
  0.9SSFJX State Street TargetPairCorr
  1.0SSFKX State Street TargetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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