State Street Correlations

Mutual Funds . USA . 
Fund . State Street Aggregate
SSFEX Fund  USD 87.36  0.06  0.07%   
The current 90-days correlation between State Street Aggregate and Dreyfus Natural Resources is 0.21 (i.e., Modest 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

Very weak diversification

The correlation between State Street Aggregate and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Aggregate 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 Aggregate. 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 american community survey.

Moving together with State Mutual Fund

  0.64SSAJX State Street TargetPairCorr
  0.99SSAFX State Street AggregatePairCorr
  0.64SSAOX State Street TargetPairCorr
  0.66SSAQX State Street CorePairCorr
  0.64SSAKX State Street TargetPairCorr
  0.68SSBYX State Street TargetPairCorr
  0.64SSCKX State Street TargetPairCorr
  0.66SSCQX State Street TargetPairCorr
  0.64SSAWX State Street TargetPairCorr
  0.64SSAZX State Street TargetPairCorr
  0.64SSAYX State Street TargetPairCorr
  0.71SSASX State Street IncomePairCorr
  0.64SSAUX State Street TargetPairCorr
  0.66SSBSX State Street TargetPairCorr
  0.65SSDYX State Street TargetPairCorr
  0.62SSEYX State Street EquityPairCorr
  0.64SSDEX State Street TargetPairCorr
  0.64SSDLX State Street TargetPairCorr
  0.65SSDQX State Street TargetPairCorr
  1.0SSFDX State Street AggregatePairCorr
  0.79SSFCX State Street AggregatePairCorr
  0.64SSFJX State Street TargetPairCorr
  0.64SSFKX State Street TargetPairCorr
  0.63SSFRX State Street EquityPairCorr
  0.68SSFOX State Street TargetPairCorr
  0.61SSIQX Ssga International StockPairCorr
  0.61SSHQX State Street HedgedPairCorr
  0.64SSMLX State Street SmallmidPairCorr
  0.64SSMKX State Street SmallmidPairCorr
  0.63SSMHX State Street SmallmidPairCorr

Related Correlations Analysis


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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