State Street Correlations

Mutual Funds . USA . 
Fund . State Street Emerging
SSKEX Fund  USD 91.06  1.17  1.30%   
The current 90-days correlation between State Street Emerging and Mutual Of America is 0.34 (i.e., Weak 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 Emerging and DJI is 0.52 (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 Emerging 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 Emerging. 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

  0.92SSAHX State Street TargetPairCorr
  0.92SSAJX State Street TargetPairCorr
  0.92SSAOX State Street TargetPairCorr
  0.93SSAKX State Street TargetPairCorr
  0.88SSBYX State Street TargetPairCorr
  0.91SSCKX State Street TargetPairCorr
  0.86SSCQX State Street TargetPairCorr
  0.7SSAWX State Street TargetPairCorr
  0.92SSAZX State Street TargetPairCorr
  0.91SSAYX State Street TargetPairCorr
  0.93SSAUX State Street TargetPairCorr
  0.91SSBSX State Street TargetPairCorr
  0.91SSDYX State Street TargetPairCorr
  0.71SSEYX State Street EquityPairCorr
  0.91SSDEX State Street TargetPairCorr
  0.92SSDLX State Street TargetPairCorr
  0.89SSDQX State Street TargetPairCorr
  0.94SSGLX State Street GlobalPairCorr
  0.94SSGHX State Street GlobalPairCorr
  0.92SSGJX State Street GlobalPairCorr
  0.9SSGVX State Street GlobalPairCorr
  0.89SSFJX State Street TargetPairCorr
  0.89SSFKX State Street TargetPairCorr
  0.73SSFRX State Street EquityPairCorr
  0.91SSFOX State Street TargetPairCorr
  0.84SSIQX Ssga International StockPairCorr
  0.83SSILX Ssga International StockPairCorr
  0.88SSHQX State Street HedgedPairCorr
  0.71SSMLX State Street SmallmidPairCorr
  0.88SSMKX State Street SmallmidPairCorr
  0.87SSMHX State Street SmallmidPairCorr
  0.88SSMJX 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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