State Street Correlations

Mutual Funds USA . 
Fund . State Street Equity
SSUSX Fund  USD 56.65  0.17  0.30%   
The current 90-days correlation between State Street Equity and Ab Impact Municipal is 0.14 (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.
  
Check out World Market Map to better understand how to build diversified portfolios. 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

  0.79VTSAX Vanguard Total StockPairCorr
  0.81VFIAX Vanguard 500 IndexPairCorr
  0.79VTSMX Vanguard Total StockPairCorr
  0.79VITSX Vanguard Total StockPairCorr
  0.79VSTSX Vanguard Total StockPairCorr
  0.79VSMPX Vanguard Total StockPairCorr
  0.69VTIAX Vanguard Total InterPairCorr
  0.81VFINX Vanguard 500 IndexPairCorr
  0.81VFFSX Vanguard 500 IndexPairCorr
  0.69VGTSX Vanguard Total InterPairCorr
  0.75MTCAX Mfs TechnologyPairCorr
  0.73LMLSX Clearbridge Large CapPairCorr
  0.73GSZIX Goldman Sachs StrategicPairCorr
  0.64PFJAX Putnam High YieldPairCorr
  0.7VTPSX Vanguard Total InterPairCorr
  0.64BRKCX Mfs Blended ResearchPairCorr
  0.69PGKRX Pgim Jennison TechnologyPairCorr
  0.76FFFGX Fidelity Freedom 2045PairCorr
  0.66NUSAX Nationwide GovernmentPairCorr
  0.72BTBFX Boston Trust AssetPairCorr
  0.73AREVX One Choice 2055PairCorr
  0.73TRGOX T Rowe PricePairCorr
  0.81BSPGX Ishares Sp 500PairCorr
  0.72JILGX Multimanager LifestylePairCorr
  0.81NCBGX New Enant BalancedPairCorr
  0.69FCSRX Fidelity Strategic RealPairCorr
  0.61LHCTX Lord Abbett HealthPairCorr
  0.63EVT Eaton Vance TaxPairCorr

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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