SSgA Correlations

Summary

SPLGDelisted Etf

USD 80.00 0.45 0.56%

The current 90-days correlation between SSgA and Technology Select Sector is -0.07 (i.e., Good 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

Average diversification

The correlation between SSgA and DJI is 0.13 (i.e., Average 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 industry.

Moving together with SSgA Etf

0.62	VIG	Vanguard Dividend	Pair Corr
0.74	OIH	VanEck Oil Services	Pair Corr
0.75	WTMF	WisdomTree Managed	Pair Corr
0.67	EWC	iShares MSCI Canada	Pair Corr
0.8	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.84	MRK	Merck Company Aggressive Push	Pair Corr
0.91	DD	Dupont De Nemours	Pair Corr
0.69	TRV	The Travelers Companies	Pair Corr
0.84	CAT	Caterpillar	Pair Corr
0.74	IBM	International Business	Pair Corr
0.81	KO	Coca Cola	Pair Corr
0.71	BAC	Bank of America	Pair Corr

Moving against SSgA Etf

0.77	ARKW	ARK Next Generation	Pair Corr
0.74	MSFT	Microsoft	Pair Corr
0.4	HUM	Humana Inc	Pair Corr
0.86	HD	Home Depot	Pair Corr
0.78	HPQ	HP Inc	Pair Corr
0.66	PG	Procter Gamble	Pair Corr
0.58	CVX	Chevron Corp	Pair Corr
0.43	DIS	Walt Disney	Pair Corr
0.34	VZ	Verizon Communications Sell-off Trend	Pair Corr

Related Correlations Analysis

	XLK	IJR	VHYAX	VXF	VYM	ITOT	SPYG	IJH	VIEIX	VPMAX
XLK		0.37	0.29	0.56	0.3	0.81	0.89	0.37	0.56	0.42	XLK
IJR	0.37		0.86	0.84	0.88	0.77	0.55	0.98	0.83	0.15	IJR
VHYAX	0.29	0.86		0.56	0.99	0.75	0.54	0.85	0.57	0.42	VHYAX
VXF	0.56	0.84	0.56		0.58	0.72	0.6	0.86	1.0	0.06	VXF
VYM	0.3	0.88	0.99	0.58		0.77	0.55	0.87	0.58	0.38	VYM
ITOT	0.81	0.77	0.75	0.72	0.77		0.93	0.77	0.72	0.46	ITOT
SPYG	0.89	0.55	0.54	0.6	0.55	0.93		0.56	0.6	0.51	SPYG
IJH	0.37	0.98	0.85	0.86	0.87	0.77	0.56		0.86	0.12	IJH
VIEIX	0.56	0.83	0.57	1.0	0.58	0.72	0.6	0.86		0.09	VIEIX
VPMAX	0.42	0.15	0.42	0.06	0.38	0.46	0.51	0.12	0.09		VPMAX
	XLK	IJR	VHYAX	VXF	VYM	ITOT	SPYG	IJH	VIEIX	VPMAX

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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	1.01	0.00	0.00	0.05	1.68	(0.85)	2.16	(2.64)	5.83
IJR	0.84	(0.02)	0.00	0.04	1.06	(0.85)	1.97	(1.78)	4.22
VHYAX	0.53	(0.01)	(0.04)	0.04	0.61	(0.61)	1.20	(1.14)	2.82
VXF	0.90	(0.05)	(0.03)	0.02	1.22	(0.91)	1.65	(2.00)	5.05
VYM	0.53	(0.01)	(0.02)	0.05	0.60	(0.60)	1.21	(1.04)	2.72
ITOT	0.61	(0.01)	(0.02)	0.04	0.91	(0.57)	1.13	(1.26)	3.41
SPYG	0.77	(0.02)	(0.02)	0.03	1.13	(0.73)	1.57	(1.82)	5.29
IJH	0.75	(0.02)	(0.01)	0.04	0.99	(0.74)	1.87	(1.65)	3.85
VIEIX	0.90	(0.06)	(0.03)	0.01	1.20	(0.90)	1.69	(1.92)	4.93
VPMAX	1.01	(0.13)	0.00	(0.04)	0.00	0.00	1.75	(1.77)	17.69

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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