State Street Correlations

Mutual Funds . USA . 
Fund . State Street Equity
SSSVX Fund  USD 517.73  2.57  0.50%   
The current 90-days correlation between State Street Equity and Us Global Investors is -0.2 (i.e., Good 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 poor diversification

The correlation between State Street Equity and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Equity 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 Equity. 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 private.

Moving together with State Mutual Fund

  0.85SSBYX State Street TargetPairCorr
  0.86SSCQX State Street TargetPairCorr
  0.83SSDYX State Street TargetPairCorr
  0.88SSEYX State Street EquityPairCorr
  0.86SSDQX State Street TargetPairCorr
  0.82SSGHX State Street GlobalPairCorr
  0.81SSMHX State Street SmallmidPairCorr
  0.88SSSYX State Street EquityPairCorr
  0.88SVSPX Ssga Sp 500PairCorr
  0.82SIVIX State Street InstituPairCorr
  0.74EGLBX Elfun InternationalPairCorr
  0.78ELDFX Elfun DiversifiedPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.87VTSMX Vanguard Total StockPairCorr
  0.87VITSX Vanguard Total StockPairCorr
  0.87VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.87VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  0.88VINIX Vanguard InstitutionalPairCorr
  0.88VIIIX Vanguard InstitutionalPairCorr
  0.77SMPIX Semiconductor UltrasectorPairCorr
  0.75SMPSX Semiconductor UltrasectorPairCorr
  0.72UJPIX Ultrajapan ProfundPairCorr
  0.66PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.69FGPMX Franklin Gold And Steady GrowthPairCorr
  0.66PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.7RMQAX Monthly Rebalance Steady GrowthPairCorr
  0.68RMQHX Monthly Rebalance Steady GrowthPairCorr
  0.7FRGOX Franklin Gold Precious Steady GrowthPairCorr
  0.69FGADX Franklin Gold Precious Steady GrowthPairCorr
  0.77TSRPX Tiaa Cref SmallPairCorr
  0.71MDDIX Massmutual SelectPairCorr
  0.72MNSQX Invesco Main StreetPairCorr
  0.78MPBLX Bny Mellon AssetPairCorr

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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