Ssga International Correlations

Mutual Funds . USA . 
Fund . Ssga International Stock
SSAIX Fund  USD 12.90  0.02  0.16%   
The current 90-days correlation between Ssga International Stock and Schwab E Equity is 0.73 (i.e., Poor diversification). The correlation of Ssga International 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 International Correlation With Market

Poor diversification

The correlation between Ssga International Stock and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ssga International Stock 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 International Stock. 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 gross domestic product.

Moving together with Ssga Mutual Fund

  0.75SSAHX State Street TargetPairCorr
  0.76SSAJX State Street TargetPairCorr
  0.75SSAOX State Street TargetPairCorr
  0.75SSAKX State Street TargetPairCorr
  0.76SSBYX State Street TargetPairCorr
  0.76SSBWX State Street TargetPairCorr
  0.76SSCKX State Street TargetPairCorr
  0.75SSCNX State Street TargetPairCorr
  0.75SSCJX State Street TargetPairCorr
  0.76SSCQX State Street TargetPairCorr
  0.75SSAWX State Street TargetPairCorr
  0.75SSAZX State Street TargetPairCorr
  0.75SSAYX State Street TargetPairCorr
  0.75SSAUX State Street TargetPairCorr
  0.76SSBRX State Street TargetPairCorr
  0.76SSBSX State Street TargetPairCorr
  0.76SSDYX State Street TargetPairCorr
  0.76SSDEX State Street TargetPairCorr
  0.76SSDDX State Street TargetPairCorr
  0.75SSDOX State Street TargetPairCorr
  0.76SSDJX State Street TargetPairCorr
  0.76SSDLX State Street TargetPairCorr
  0.76SSDWX State Street TargetPairCorr
  0.76SSDQX State Street TargetPairCorr
  0.97SSGLX State Street GlobalPairCorr
  0.97SSGHX State Street GlobalPairCorr
  0.97SSGJX State Street GlobalPairCorr
  0.97SSGVX State Street GlobalPairCorr
  0.75SSFJX State Street TargetPairCorr
  0.75SSFKX State Street TargetPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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