State Farm Correlations

Mutual Funds . USA . 
Fund . State Farm Growth
STFGX Fund  USD 124.68  0.06  0.05%   
The current 90-days correlation between State Farm Growth and Vanguard Global Equity is -0.06 (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 Growth and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Farm Growth 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 Growth. 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 price.

Moving together with State Mutual Fund

  0.74STFBX State Farm BalancedPairCorr
  0.71SIIAX State Farm InternationalPairCorr
  0.74VTSAX Vanguard Total StockPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.74VTSMX Vanguard Total StockPairCorr
  0.74VITSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.75VFINX Vanguard 500 IndexPairCorr
  0.75VFFSX Vanguard 500 IndexPairCorr
  0.75VINIX Vanguard InstitutionalPairCorr
  0.75VIIIX Vanguard InstitutionalPairCorr
  0.65PFD Flaherty CrumrinePairCorr
  0.7UTG Reaves Utility IfPairCorr
  0.74FIFRX Franklin GrowthPairCorr
  0.74DOPIX Dreyfus OpportunisticPairCorr
  0.73ISGAX Voya Solution BalancedPairCorr
  0.74GSPQX Goldman Sachs EquityPairCorr
  0.7GEMZX Emerging Markets EquityPairCorr
  0.74HRNRX Hood River New Steady GrowthPairCorr
  0.73RBITX American Funds 2050PairCorr
  0.71TEDTX Tiaa Cref EmergingPairCorr
  0.71LSIRX Clearbridge Mid CapPairCorr
  0.74FLMFX Muirfield Fund RetailPairCorr
  0.67MECZX Amg Managers CadencePairCorr
  0.7SMHYX Aim Counselor SeriesPairCorr
  0.69MIFIX Miller Intermediate BondPairCorr
  0.65SMGAX Saat Servative StrategyPairCorr
  0.88GOPCX Aberdeen China OpptyPairCorr
  0.71OAAIX Oppenheimer AggrssvPairCorr
  0.71MAANX Mutual Of AmericaPairCorr
  1.0FBKFX Fidelity BalancedPairCorr

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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