State Street Correlations

Mutual Funds . USA . 
Fund . State Street Smallmid
SSMHX Fund  USD 348.36  0.60  0.17%   
The current 90-days correlation between State Street Smallmid and Federated Muni And is 0.7 (i.e., Poor 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

Almost no diversification

The correlation between State Street Smallmid and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Smallmid 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 Smallmid. 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 rate.

Moving together with State Mutual Fund

  0.94SSAHX State Street TargetPairCorr
  0.94SSAJX State Street TargetPairCorr
  0.95SSAOX State Street TargetPairCorr
  0.7SSAQX State Street CorePairCorr
  0.94SSAKX State Street TargetPairCorr
  0.96SSBYX State Street TargetPairCorr
  0.94SSCKX State Street TargetPairCorr
  0.96SSCQX State Street TargetPairCorr
  0.96SSAWX State Street TargetPairCorr
  0.94SSAZX State Street TargetPairCorr
  0.96SSAYX State Street TargetPairCorr
  0.95SSAUX State Street TargetPairCorr
  0.94SSBSX State Street TargetPairCorr
  0.96SSDYX State Street TargetPairCorr
  0.85SSEYX State Street EquityPairCorr
  0.95SSDEX State Street TargetPairCorr
  0.95SSDLX State Street TargetPairCorr
  0.96SSDQX State Street TargetPairCorr
  0.95SSGLX State Street GlobalPairCorr
  0.93SSGHX State Street GlobalPairCorr
  0.95SSGJX State Street GlobalPairCorr
  0.95SSGVX State Street GlobalPairCorr
  0.95SSFJX State Street TargetPairCorr
  0.96SSFKX State Street TargetPairCorr
  0.86SSFRX State Street EquityPairCorr
  0.95SSFOX State Street TargetPairCorr
  0.93SSIQX Ssga International StockPairCorr
  0.92SSILX Ssga International StockPairCorr
  0.95SSHQX State Street HedgedPairCorr
  0.82SSKEX State Street EmergingPairCorr
  0.97SSMLX State Street SmallmidPairCorr
  0.97SSMKX State Street SmallmidPairCorr
  0.94SSMJX 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY