State Street Correlations

Mutual Funds . USA . 
Fund . State Street Equity
SSSWX Fund  USD 519.83  0.04  0.01%   
The current 90-days correlation between State Street Equity and Rbc Smid Cap is 0.23 (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

Almost no diversification

The correlation between State Street Equity 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 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

  0.8SSAHX State Street TargetPairCorr
  0.8SSAJX State Street TargetPairCorr
  0.82SSAOX State Street TargetPairCorr
  0.68SSAQX State Street CorePairCorr
  0.81SSAKX State Street TargetPairCorr
  0.94SSBYX State Street TargetPairCorr
  0.81SSCKX State Street TargetPairCorr
  0.94SSCQX State Street TargetPairCorr
  0.81SSAWX State Street TargetPairCorr
  0.81SSAZX State Street TargetPairCorr
  0.87SSAYX State Street TargetPairCorr
  0.84SSAUX State Street TargetPairCorr
  0.81SSBSX State Street TargetPairCorr
  0.87SSDYX State Street TargetPairCorr
  1.0SSEYX State Street EquityPairCorr
  0.82SSDEX State Street TargetPairCorr
  0.84SSDLX State Street TargetPairCorr
  0.93SSDQX State Street TargetPairCorr
  0.83SSGLX State Street GlobalPairCorr
  0.78SSGHX State Street GlobalPairCorr
  0.83SSGJX State Street GlobalPairCorr
  0.84SSGVX State Street GlobalPairCorr
  0.93SSFJX State Street TargetPairCorr
  0.93SSFKX State Street TargetPairCorr
  1.0SSFRX State Street EquityPairCorr
  0.83SSFOX State Street TargetPairCorr
  0.76SSIQX Ssga International StockPairCorr
  0.76SSILX Ssga International StockPairCorr
  0.83SSHQX State Street HedgedPairCorr
  0.73SSKEX State Street EmergingPairCorr
  0.89SSMLX State Street SmallmidPairCorr
  0.89SSMKX State Street SmallmidPairCorr
  0.87SSMHX State Street SmallmidPairCorr
  0.85SSMJX 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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