State Street Correlations

Mutual Funds USA . 
Fund . State Street Equity
SSUSX Fund  USD 56.91  0.16  0.28%   
The current 90-days correlation between State Street Equity and Vanguard Total Stock is 0.98 (i.e., Almost no 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

Average diversification

The correlation between State Street Equity and DJI is 0.11 (i.e., Average 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 real.

Moving together with State Mutual Fund

  0.96VTSAX Vanguard Total StockPairCorr
  0.83VFIAX Vanguard 500 IndexPairCorr
  0.8VTSMX Vanguard Total StockPairCorr
  0.8VITSX Vanguard Total StockPairCorr
  0.8VSMPX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.71VTIAX Vanguard Total InterPairCorr
  0.82VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.65ARMLX Western Asset AdjustablePairCorr
  0.71AAFTX American Funds 2035 Downward RallyPairCorr
  0.61FSILX Federated Short TermPairCorr
  0.83FXAIX Fidelity 500 IndexPairCorr
  0.75MWFCX Mainstay Equity EtfPairCorr
  0.66CIQGX American Funds ConsePairCorr
  0.72ADX Adams Diversified EquityPairCorr
  0.79JPTLX Jpmorgan SmartretirementPairCorr
  0.69ACHFX American Century HighPairCorr
  0.8ISNKX Voya Solution 2040PairCorr
  0.68RITGX American High IncomePairCorr
  0.65LROSX Legg Mason BwPairCorr
  0.77DRRCX Dreyfus Global RealPairCorr
  0.64FCAQX Franklin California HighPairCorr
  0.83FLSOX Franklin Lifesmart 2050PairCorr
  0.8MMDAX Madison Moderate AllPairCorr
  0.72MEDIX Mfs Emerging MarketsPairCorr
  0.72GHTMX Goldman Sachs InternPairCorr
  0.63TGVRX Thornburg InternationalPairCorr
  0.68RSEJX Victory Rs SmallPairCorr
  0.64FCAHX Franklin California HighPairCorr
  0.61TAFTX Tax Exempt FundPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.60  0.04 (0.02) 0.36  0.89 
(0.55)
 1.15 
(1.22)
 3.38 
VFIAX  0.57  0.00 (0.01) 0.07  0.81 
(0.54)
 1.23 
(1.17)
 3.29 
VTSMX  0.59 (0.02)(0.02) 0.06  0.87 
(0.55)
 1.15 
(1.22)
 3.38 
VITSX  0.59 (0.01)(0.02) 0.06  0.86 
(0.55)
 1.18 
(1.23)
 3.39 
VSMPX  0.59 (0.01)(0.02) 0.06  0.86 
(0.55)
 1.18 
(1.22)
 3.39 
VSTSX  0.60  0.04 (0.02) 0.33  0.91 
(0.54)
 1.15 
(1.22)
 3.39 
VTIAX  0.60  0.02  0.00  0.10  0.74 
(0.62)
 1.14 
(1.18)
 3.82 
VFINX  0.57 (0.01)(0.01) 0.07  0.83 
(0.53)
 1.23 
(1.17)
 3.29 
VFFSX  0.58  0.05 (0.02) 0.39  0.84 
(0.53)
 1.23 
(1.17)
 3.29 
VBTLX  0.16  0.00 (0.29) 0.06  0.15 
(0.19)
 0.31 
(0.31)
 0.92 

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