State Street Correlations

Mutual Funds USA . 
Fund . State Street Income
SSASX Fund  USD 9.97  0.01  0.10%   
The current 90-days correlation between State Street Income and Harbor Diversified International is 0.11 (i.e., Average 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

Significant diversification

The correlation between State Street Income and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Income 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 Income. 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 main economic indicators.

Moving together with State Mutual Fund

  0.88SSAHX State Street TargetPairCorr
  0.86SSAJX State Street TargetPairCorr
  0.74SSAIX Ssga International StockPairCorr
  0.99SSAFX State Street AggregatePairCorr
  0.84SSAOX State Street TargetPairCorr
  0.73SSAQX State Street CorePairCorr
  0.84SSAKX State Street TargetPairCorr
  0.86SSBYX State Street TargetPairCorr
  0.89SSBWX State Street TargetPairCorr
  0.88SSCKX State Street TargetPairCorr
  0.85SSCNX State Street TargetPairCorr
  0.85SSCJX State Street TargetPairCorr
  0.85SSCQX State Street TargetPairCorr
  0.84SSAWX State Street TargetPairCorr
  0.85SSAZX State Street TargetPairCorr
  0.84SSAYX State Street TargetPairCorr
  0.84SSAUX State Street TargetPairCorr
  0.89SSBRX State Street TargetPairCorr
  0.88SSBSX State Street TargetPairCorr
  0.86SSDYX State Street TargetPairCorr
  0.78SSEYX State Street EquityPairCorr
  0.87SSDEX State Street TargetPairCorr
  0.84SSDDX State Street TargetPairCorr
  0.86SSDOX State Street TargetPairCorr
  0.84SSDJX State Street TargetPairCorr
  0.84SSDLX State Street TargetPairCorr
  0.84SSDWX State Street TargetPairCorr
  0.84SSDQX State Street TargetPairCorr
  0.8SSGLX State Street GlobalPairCorr
  0.8SSGHX State Street GlobalPairCorr
  0.83SSGJX State Street GlobalPairCorr
  0.83SSGVX State Street GlobalPairCorr
  0.95SSFDX State Street AggregatePairCorr
  0.95SSFCX State Street AggregatePairCorr
  0.84SSFJX State Street TargetPairCorr
  0.84SSFKX State Street TargetPairCorr
  0.99SSFEX State Street AggregatePairCorr
  0.77SSFRX State Street EquityPairCorr
  0.92SSFNX State Street TargetPairCorr

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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