State Street Correlations

Mutual Funds . USA . 
Fund . State Street Equity
SSEYX Fund  USD 572.82  3.07  0.54%   
The current 90-days correlation between State Street Equity and Siit Sp 500 is 1.0 (i.e., No risk reduction). 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 Equity and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding State Street Equity 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 Equity. 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 manufacturing.

Moving together with State Mutual Fund

  0.98SSAHX State Street TargetPairCorr
  0.98SSAJX State Street TargetPairCorr
  0.95SSAIX Ssga International StockPairCorr
  0.98SSAOX State Street TargetPairCorr
  1.0SSAQX State Street CorePairCorr
  0.98SSAKX State Street TargetPairCorr
  0.98SSBYX State Street TargetPairCorr
  0.98SSBWX State Street TargetPairCorr
  0.98SSCKX State Street TargetPairCorr
  0.98SSCNX State Street TargetPairCorr
  0.98SSCJX State Street TargetPairCorr
  0.98SSCQX State Street TargetPairCorr
  0.98SSAWX State Street TargetPairCorr
  0.98SSAZX State Street TargetPairCorr
  0.98SSAYX State Street TargetPairCorr
  0.99SSAUX State Street TargetPairCorr
  0.98SSBRX State Street TargetPairCorr
  0.98SSBSX State Street TargetPairCorr
  0.99SSDYX State Street TargetPairCorr
  0.98SSDEX State Street TargetPairCorr
  0.98SSDDX State Street TargetPairCorr
  0.98SSDOX State Street TargetPairCorr
  0.99SSDJX State Street TargetPairCorr
  0.98SSDLX State Street TargetPairCorr
  0.99SSDWX State Street TargetPairCorr
  0.98SSDQX State Street TargetPairCorr
  0.97SSGLX State Street GlobalPairCorr
  0.96SSGHX State Street GlobalPairCorr
  0.96SSGJX State Street GlobalPairCorr
  0.97SSGVX State Street GlobalPairCorr
  0.98SSFJX State Street TargetPairCorr
  0.98SSFKX State Street TargetPairCorr

Related Correlations Analysis

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