SSgA Correlations

SPLGDelisted Etf

USD 80.00 0.45 0.56%

The current 90-days correlation between SSgA and Vanguard Primecap Fund is 0.08 (i.e., Significant diversification). The correlation of SSgA 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.

SSgA Correlation With Market

Poor diversification

The correlation between SSgA and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSgA and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with SSgA Etf

0.65	VTI	Vanguard Total Stock	Pair Corr
0.61	SPY	SPDR SP 500	Pair Corr
0.61	IVV	iShares Core SP	Pair Corr
0.81	VIG	Vanguard Dividend	Pair Corr
0.91	RSP	Invesco SP 500	Pair Corr
0.86	DFAC	Dimensional Core Equity	Pair Corr
0.68	USD	ProShares Ultra Semi Downward Rally	Pair Corr
0.92	SMH	VanEck Semiconductor ETF Potential Growth	Pair Corr
0.92	SOXX	iShares Semiconductor ETF	Pair Corr
0.92	PSI	Invesco Dynamic Semi	Pair Corr
0.61	NJUL	Innovator Nasdaq 100	Pair Corr
0.92	DISV	Dimensional ETF Trust	Pair Corr
0.93	BSMS	Invesco BulletShares 2028	Pair Corr
0.89	NAPR	Innovator Nasdaq 100	Pair Corr
0.88	FNDA	Schwab Fundamental Small	Pair Corr
0.93	DWM	WisdomTree International	Pair Corr
0.91	VYMI	Vanguard International	Pair Corr
0.63	BDEC	Innovator SP 500	Pair Corr
0.88	QTAP	Innovator Growth 100	Pair Corr
0.83	EMIF	iShares Emerging Markets	Pair Corr
0.78	SLV	iShares Silver Trust Buyout Trend	Pair Corr
0.82	ERET	iShares Environmentally	Pair Corr
0.86	KNGZ	First Trust Exchange	Pair Corr
0.67	PDEC	Innovator SP 500	Pair Corr
0.9	VLU	SPDR SP 1500	Pair Corr
0.88	DXJ	WisdomTree Japan Hedged	Pair Corr
0.94	CCNR	CoreCommodity Natural	Pair Corr
0.95	HEEM	iShares Currency Hedged	Pair Corr
0.9	JEPI	JPMorgan Equity Premium	Pair Corr
0.93	DFIC	Dimensional International	Pair Corr

Moving against SSgA Etf

0.58	GBTC	Grayscale Bitcoin Trust	Pair Corr
0.68	ENTR	EntrepreneurShares	Pair Corr

Related Correlations Analysis

	XLK	IJR	VHYAX	VXF	VYM	ITOT	SPYG	IJH	VIEIX	VPMAX
XLK		-0.02	-0.2	0.44	-0.2	0.6	0.78	-0.03	0.45	0.1	XLK
IJR	-0.02		0.94	0.85	0.94	0.74	-0.1	0.99	0.85	0.79	IJR
VHYAX	-0.2	0.94		0.67	1.0	0.6	-0.25	0.95	0.67	0.71	VHYAX
VXF	0.44	0.85	0.67		0.67	0.92	0.28	0.84	1.0	0.75	VXF
VYM	-0.2	0.94	1.0	0.67		0.6	-0.25	0.95	0.67	0.71	VYM
ITOT	0.6	0.74	0.6	0.92	0.6		0.47	0.74	0.92	0.74	ITOT
SPYG	0.78	-0.1	-0.25	0.28	-0.25	0.47		-0.13	0.28	0.07	SPYG
IJH	-0.03	0.99	0.95	0.84	0.95	0.74	-0.13		0.84	0.82	IJH
VIEIX	0.45	0.85	0.67	1.0	0.67	0.92	0.28	0.84		0.75	VIEIX
VPMAX	0.1	0.79	0.71	0.75	0.71	0.74	0.07	0.82	0.75		VPMAX
	XLK	IJR	VHYAX	VXF	VYM	ITOT	SPYG	IJH	VIEIX	VPMAX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VYM	+ 1.0	VHYAX
VIEIX	+ 1.0	VXF
IJH	+ 0.99	IJR
IJH	+ 0.95	VHYAX
IJH	+ 0.95	VYM
VHYAX	+ 0.94	IJR

High negative correlations

SPYG	- 0.25	VYM
SPYG	- 0.25	VHYAX
VYM	- 0.2	XLK
VHYAX	- 0.2	XLK
IJH	- 0.13	SPYG
SPYG	- 0.1	IJR

SSgA Constituents Risk-Adjusted Indicators

There is a big difference between SSgA Etf performing well and SSgA ETF 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 SSgA'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XLK	0.99	(0.06)	(0.03)	0.05	1.58	(0.85)	1.92	(2.60)	6.69
IJR	0.79	0.11	0.15	0.21	0.52	(0.93)	2.57	(1.40)	5.16
VHYAX	0.51	0.08	0.08	0.22	0.40	(0.57)	1.18	(1.17)	3.50
VXF	0.79	0.04	0.06	0.15	0.71	(0.94)	1.65	(1.64)	5.46
VYM	0.51	0.08	0.09	0.22	0.39	(0.57)	1.21	(1.13)	3.51
ITOT	0.55	0.00	(0.03)	0.11	0.62	(0.62)	1.09	(1.13)	3.72
SPYG	0.74	0.04	(0.08)	(0.21)	1.07	(0.70)	1.29	(1.76)	5.81
IJH	0.69	0.11	0.15	0.21	0.40	(0.80)	1.87	(1.30)	4.88
VIEIX	0.80	0.04	0.06	0.15	0.75	(0.95)	1.69	(1.62)	5.53
VPMAX	1.05	0.37	0.48	0.53	0.00	(1.44)	1.82	(1.29)	21.95

Delisting Warning - SPLG

SSgA was delisted

The entity SSgA with a symbol SPLG was delisted from NASDAQ Exchange. Please try State Street SPDR with a symbol SPYM from now on. Check all delisted instruments accross multiple markets.

Still Interested in SSgA?

Investing in delisted delisted etfs can be risky, as the etf is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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