State Street Correlations

Mutual Funds USA . 
Fund . State Street Smallmid
SSMKX Fund  USD 338.93  3.43  1.02%   
The current 90-days correlation between State Street Smallmid and Government Securities Fund is 0.1 (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

Good diversification

The correlation between State Street Smallmid and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Smallmid 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 Smallmid. 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 board of governors.

Moving together with State Mutual Fund

  0.9SSAHX State Street TargetPairCorr
  0.88SSAJX State Street TargetPairCorr
  0.83SSAIX Ssga International StockPairCorr
  0.87SSAFX State Street AggregatePairCorr
  0.87SSAOX State Street TargetPairCorr
  0.84SSAQX State Street CorePairCorr
  0.87SSAKX State Street TargetPairCorr
  0.93SSBYX State Street TargetPairCorr
  0.93SSBWX State Street TargetPairCorr
  0.92SSCKX State Street TargetPairCorr
  0.92SSCNX State Street TargetPairCorr
  0.92SSCJX State Street TargetPairCorr
  0.92SSCQX State Street TargetPairCorr
  0.87SSAWX State Street TargetPairCorr
  0.87SSAZX State Street TargetPairCorr
  0.92SSAYX State Street TargetPairCorr
  0.86SSASX State Street IncomePairCorr
  0.87SSAUX State Street TargetPairCorr
  0.94SSBRX State Street TargetPairCorr
  0.94SSBSX State Street TargetPairCorr
  0.92SSDYX State Street TargetPairCorr
  0.89SSEYX State Street EquityPairCorr
  0.92SSDEX State Street TargetPairCorr
  0.92SSDDX State Street TargetPairCorr
  0.87SSDOX State Street TargetPairCorr
  0.87SSDJX State Street TargetPairCorr
  0.87SSDLX State Street TargetPairCorr
  0.92SSDWX State Street TargetPairCorr
  0.92SSDQX State Street TargetPairCorr
  0.89SSGLX State Street GlobalPairCorr
  0.84SSGHX State Street GlobalPairCorr
  0.89SSGJX State Street GlobalPairCorr
  0.89SSGVX State Street GlobalPairCorr
  0.87SSFDX State Street AggregatePairCorr
  0.86SSFCX State Street AggregatePairCorr
  0.92SSFJX State Street TargetPairCorr
  0.87SSFKX State Street TargetPairCorr
  0.87SSFEX State Street AggregatePairCorr
  0.89SSFRX State Street EquityPairCorr
  0.94SSFNX 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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