Ssga Sp Correlations

SVSPX Fund  USD 260.98  1.22  0.47%   
The current 90-days correlation between Ssga Sp 500 and Allianzgi Nfj Small Cap is 0.47 (i.e., Very weak diversification). The correlation of Ssga Sp 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.

Ssga Sp Correlation With Market

Modest diversification

The correlation between Ssga Sp 500 and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ssga Sp 500 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 Ssga Sp 500. 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 Ssga Mutual Fund

  0.86SSAHX State Street TargetPairCorr
  0.86SSAJX State Street TargetPairCorr
  0.82SSADX State Street TargetPairCorr
  0.82SSAOX State Street TargetPairCorr
  0.85SSAQX State Street CorePairCorr
  0.78SSAKX State Street TargetPairCorr
  0.91SSBYX State Street TargetPairCorr
  0.91SSBWX State Street TargetPairCorr
  0.87SSCKX State Street TargetPairCorr
  0.85SSCNX State Street TargetPairCorr
  0.88SSCJX State Street TargetPairCorr
  0.85SSCQX State Street TargetPairCorr
  0.79SSAWX State Street TargetPairCorr
  0.84SSAZX State Street TargetPairCorr
  0.78SSAYX State Street TargetPairCorr
  0.68SSASX State Street IncomePairCorr
  0.8SSAUX State Street TargetPairCorr
  0.92SSBRX State Street TargetPairCorr
  0.92SSBSX State Street TargetPairCorr
  0.93SSBNX State Street TargetPairCorr
  0.93SSBOX State Street TargetPairCorr
  0.77SSDYX State Street TargetPairCorr
  0.85SSDEX State Street TargetPairCorr
  0.85SSDDX State Street TargetPairCorr
  0.82SSDOX State Street TargetPairCorr
  0.83SSDJX State Street TargetPairCorr
  0.82SSDLX State Street TargetPairCorr
  0.77SSDWX State Street TargetPairCorr
  0.81SSDQX State Street TargetPairCorr
  0.61SSFCX State Street AggregatePairCorr

Moving against Ssga Mutual Fund

  0.33SSHQX State Street HedgedPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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PTRAXSSAIX
JWGRXPTRAX
OTCYXPCVAX
PTRAXPCVAX
JWGRXOTCYX
  
High negative correlations   
SSAIXPCVAX

Risk-Adjusted Indicators

There is a big difference between Ssga Mutual Fund performing well and Ssga Sp 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 Ssga Sp'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.