State Street Correlations

Mutual Funds . USA . 
Fund . State Street Income
SSASX Fund  USD 9.82  0.05  0.51%   
The current 90-days correlation between State Street Income and Global Gold Fund is 0.22 (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

Significant diversification

The correlation between State Street Income and DJI is 0.09 (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 state.

Moving together with State Mutual Fund

  0.65SSAHX State Street TargetPairCorr
  0.63SSAJX State Street TargetPairCorr
  0.89SSAFX State Street AggregatePairCorr
  0.61SSAOX State Street TargetPairCorr
  0.61SSAKX State Street TargetPairCorr
  0.63SSBYX State Street TargetPairCorr
  0.63SSBWX State Street TargetPairCorr
  0.62SSCKX State Street TargetPairCorr
  0.61SSCNX State Street TargetPairCorr
  0.63SSCJX State Street TargetPairCorr
  0.61SSCQX State Street TargetPairCorr
  0.62SSAZX State Street TargetPairCorr
  0.65SSBRX State Street TargetPairCorr
  0.65SSBSX State Street TargetPairCorr
  0.61SSDEX State Street TargetPairCorr
  0.89SSFDX State Street AggregatePairCorr
  0.89SSFCX State Street AggregatePairCorr
  0.79SSFEX State Street AggregatePairCorr
  0.68SSFNX State Street TargetPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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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